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Motley Fool Hidden Gems Investing

2 Cutting-Edge Companies in 2020

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 25 December 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

In 2020, Zoom Video grew from 10 million daily meeting participants to 300 million daily meeting participants. How has Zoom managed to scale? How will Zoom maintain its culture? What’s it like when your company becomes a verb? Motley Fool senior analyst Bill Mann explores those questions with Zoom Chief People Officer Lynne Oldham. One of 2020’s most successful IPOs was insurance company Lemonade. Motley Fool CEO Tom Gardner and Motley Fool contributor Asit Sharma talk with Lemonade co-founder and CEO Daniel Schreiber about disruption, data, and the future of insurance. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Everybody needs money. That's why they call it money.

0:07.0

From full global headquarters, this is Motley Bull Money. It's the Motley Bull Money

0:20.2

Radio Show. I'm Chris Hill. This week we've got interviews with executives from two of

0:24.2

the hottest companies of the year. Later in the show, CEO Daniel Shriver of Lemonade, a

0:29.4

stock which more than doubled on its IPO in July. But up first, Zoom video. In terms of daily

0:35.8

meeting participants, this year, Zoom grew from 10 million to 300 million. Motley Full

0:41.8

Senior Analyst, Bill Mann, talked with Zoom's Chief People Officer, Lynn Oldham, about

0:46.9

the company's incredible growth.

0:48.5

I just wanted to start from the beginning because Zoom in 2020 has been one of the most fascinating,

0:56.1

important companies in the country, perhaps the world. It's been an incredibly unique working

1:04.2

environment for all of us. What do you think in your role? What even is corporate culture

1:11.6

in the year 2020?

1:12.6

That's a really, really good question. You know, culture is what you feel in the air,

1:21.8

right? I think the things that drew me to Zoom, when I walked in the door of our lobby,

1:32.5

and in every lobby we have across the world, we have two words in the wall. It says,

1:38.2

we care. That's the way it feels like everywhere you went, right? I saw the words in the

1:46.1

lobby and worked for a lot of companies that those words are a little less meaningful than

1:52.2

they are Zoom. I see it. You feel it in every interaction you have with employees, which

1:57.4

is fantastic because that tells us all. Culture doesn't live in the walls of an office.

2:03.6

It lives in your people, right? That's a critical thing that we all have to remember. I think

2:09.5

it's going to be harder to make sure that remote employees in it. I hear that from my

2:14.4

compatriots at different companies to ensure that they feel connected and as important these

...

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