![]() It was not clear whether there is still room for another player like Zoom in this seemly crowded and competitive track. "In early 2011, Apple just launched FaceTime SKYPE had been popular for many years In addition, giant CISCO acquired WEBEX for $3.2B in 2009, and another startup company doing cloud-based video conferencing, BlueJeans, had already raised tens of millions of dollars. ![]() Personnel, at two months from founding: Yuan leaves Cisco in June 2011, bringing 40 of the company's engineers with him.įirst funding, at two months from founding: In June 2011, Saasbee raises $3 million in seed funding from TSVC, WebEX founder Subrah Iyar, Matt Ocko, Dan Scheinman and Bill Tai. You wanted to make sure no matter where that team is coming from, we also can guarantee good voice over IP quality and video quality. They wanted to have a cloud-based conference room solution. They want to have video conferencing and have one unified solution. "Like every business, they have got to use multiple solutions. ![]() But 13 or 14 years later, there are some brand-new problems," Yuan says in a 2018 interview with GGV Capital. That use case was to have you share the PowerPoint or share the desktop, but it can’t be you and I in an audio conference. "When we built WebEx, we only focused on one use case. Initial company description: Saasbee is founded while Yuan is still working at Cisco's WebEx Cisco video conferencing business, after noticing that WebEx was not keeping up with what customers were demanding. If we can follow their footsteps, maybe we too can have similar success.įounded: Zoom, originally known as Saasbee, is incorporated in the state of Delaware in April 2011. They show us the value of being resilient, persistent, and committed. Stories like these are always well received because it reminds us that anyone, regardless of pedigree and environment, can rise above the noise and have great influence. In the end, we hope to provide a glimpse into what great startups looked like in their first three years. ![]() Our when they were young series is a look back at the modest days of startups, what traction they had in their first few years, and how they evolved. Zoom was originally known as Saasbee, had 500,000 users in less than six months ![]()
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