Santi Subotovsky: belief

Transcript context

…My favorite customer stat from the S1 was Uber. I forget where Uber started with Zoom, but it grew and grew over the years to the point where Uber now does, according to the Zoom’s S1, 14 million meeting minutes a month on Zoom across the organization. Think about that. That’s crazy. But that’s actually growing with the company and you’re co-starting with small teams within Uber and using it to communicate. Then next step is get some bigger paid plans. Next step is to talk to the CIO and the next thing you know, the whole company is standardized on Zoom. That’s the way they collaborate. I mean not only grows with the companies, but it also changes the way companies run. I believe that Zoom is changing the way we work and I can see it in some of our biggest customers. I also see it here at Emergence. When I first started here at Emergence, most of our investments were here in the Bay Area. Last year, 60% of our new investments are outside of the Bay Area. So, bringing us back to this pursuit of happiness, I believe that Zoom is democratizing and globalizing the pursuit of happiness. It’s enabling people to realize their dreams regardless of where they are. I’m going to take us quickly through the IPO. Post-Emergence investment in essentially Calendar Year 2016. The company does $60 million in revenue, is cash flow positive, doesn’t use the Emergence investment. The next year 2017, does $150 million in revenue. 2018 does $330 million in revenue, with $51 million in operating cash flow, and files to go public in March of 2019 of this year.…

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