Zoom is listed for over $ 1 billion in market capitalization. Power to pursue what users demand

Zoom, a video-conferencing company, is the rare tech IPO that’s profitableZoom, a video-conferencing company, is the rare tech IPO that’s profitable

Zoom used in the company meeting was listed.Below, the digest about the numerical.

■As of 2017, they are already valued at $ 1 billion
■They have raised $145 million in total by now.
■ Sales in 2017: $ 60.8 million → 2018: $ 151.5 million → 2019: $ 330 million (doubled each year)

◆It was a deficit of $3.8 million in 2018, but there is a profit of $7.5 million in 2019 when applying for a public listing. Uncommon in the IT industry, where most companies are listed wiht losses.

◆They are subscription business,but the model to increase users and charge for a part is more similar to Slack or games than stack up MRR SaaS.

◆The reason for the profit is that marketing efficiency is very good.

◆When users use Zoom, they can trigger new users, which enables them to market without spending on advertising.

◆This is a fantastic example of global success in viral marketing, which we also refer to.

◆The business model of Zoom is not as fashionable as IoT and Big Data (Not sure about it from now on)

◆What users want from a web conferencing system is easy connection and stable communication.
There are many competitors like Skype and Hangouts, but they were chosen by users for their strengths.

I feel that it is a royal road of business.

Zoom has shown that even services that are already popular in the world can be unicorns (market capitalization $ 1 billion) by continuing to increase their intrinsic value.

It's a very important message for every venture.

#bellface #insidesales #venture #subscription #IPO