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Evidence receipt / uncertainty

Published · transcript-backed

Ben Gilbert: uncertainty

19 May 2022 Acquired Capital-Efficient Growth (with Zoom CEO Eric Yuan & Veeva CEO Peter Gassner)

“Just to make sure I have my facts straight, I believe you raised a $30 million dollar round led by Emergence and then another $100 million dollar round after that.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
uncertainty
Recorded
19 May 2022
Publisher
Acquired

Transcript context

…Absolutely right. That's the thing. Everyone mentioned, Eric, you are crazy. The world has known you to have another video conference solution. Another VC friend even is a great friend, he told me that, Eric, I have a check for you as long as you do something else. I couldn't say I did not listen. I was very stubborn. Also, he shared to me a story. Once I was told by a big VC, I do not want to mention the name, for sure, you guys do not like them. He told me that, Eric, I do not think your [...] works. Look at Skype, look at Google Hangout, look at Webex, they're dominating, right? I debated with him a little bit. I failed. I cannot convince him. On the way back, I told him myself, I'm going to change my Windows screensaver. Back then I was using a Windows machine. I changed the Windows screensaver—you are wrong. For several years. Just to make sure I have my facts straight, I believe you raised a $30 million dollar round led by Emergence and then another $100 million dollar round after that. Similar to Peter, you did not dip into any of that $130 million to build the business. Is that correct? For me, actually, I offered $30 million from Emergence Capital. I think we are on the right track. To be honest, actually, we don't even need to raise a Series D because at the time, with that $30 million, I think the company was completely different again.…

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