Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
19 May 2022 Acquired Capital-Efficient Growth (with Zoom CEO Eric Yuan & Veeva CEO Peter Gassner)
“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.”
— Speaker unverified
Source trail
Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 19 May 2022
- Publisher
- Acquired
Transcript context
…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. One thing we wanted to ask is a difference between your two companies. Peter, obviously, once you got to cash flow profitability, which was immediately, basically you never raised another round. Eric, you did make the decision to raise some more capital even after you were generating cash. Peter, you were on Eric's board when that process happened? Why did you make that decision?…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.