The Zoom IPO (with Santi Subotovsky)

Acquired

Ben Gilbert and David Rosenthal

Venturecapital, Ma, Investing, Acquisitions, Startups, Vc, Investment, Business, Technology

4.8 • 2.9K Ratings

🗓️ 19 June 2019

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Zoom board member (and general partner at Emergence Capital) Santi Subotovsky joins us to tell the true underdog story behind the hottest IPO of 2019. Together we trace founder Eric Yuan’s incredible journey from immigrant software developer, who didn’t speak any English upon arriving in Silicon Valley in 1997, to Glassdoor’s #1 rated CEO in America in 2018. In an age where border walls have replaced open doors in Washington, and burn rates and privacy scandals have sidelined Silicon Valley’s pretense of making the world a better place, there is no better reminder than Zoom of everything that can be great about our country and our industry.

Sponsors:
Vanta: https://bit.ly/acquiredvanta

Statsig: bit.ly/statsigacquired
Modern Treasury: https://bit.ly/acquiredmoderntreasury

Links

Walt Mossberg’s review of Zoom in 2012: http://allthingsd.com/20120821/a-chance-to-call-15-friends-to-video-chat-in-high-def/

Carve Outs

Ben: General Magic https://www.generalmagicthemovie.com
David: Dissect Season 4 https://dissectpodcast.com/subscribe-to-the-podcast/

Transcript

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0:00.0	And how do you get people to be their true selves rather than?
0:05.7	Whisky.
0:06.7	Where's the whiskey?
0:09.7	That should be part of your like mobile tape.
0:12.3	Like one of the like airplane.
0:15.1	In case the emergency break.
0:16.2	Like a tequila shot or something. Welcome to Season 4 episode 8 of acquired, the podcast about technology, acquisitions and
0:38.9	IPOs.
0:39.9	I'm Ben Gilbert.
0:40.9	I'm David Riesenthal.
0:42.0	And we are your hosts. To introduce our episode today, I want to play you a little clip from Emily Chang on Bloomberg TV.
0:49.2	This is from the day of the Zoom IPO where she interviewed Eric Iwan the founder and
0:54.3	CEO of Zoom. As you can tell from this clip Eric is incredibly grounded, humble, and
1:00.0	quite a different type of Silicon Valley CEO,
1:03.2	as we will see when we get into this episode.
1:05.9	And that's very exciting, but it's also a lot of pressure.
1:09.5	We've seen some of the recent IPOs like Lyft have a lot of volatility. Do you feel that pressure?
1:15.5	I do, I do because the price is too high. So you think the price is too high?
1:23.0	Yeah, I think so.
1:25.0	But anyway, so yesterday we finalize the price of $36.
1:30.0	You know, today, wow, there's a bigger pump.
1:32.0	So, and it is all of our control, you know, we just go back to work.
	...

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