#Zoom vs gotomeeting software

Within the following year, Zoom claimed to have 10M users. And by late 2013, another round of funding secured them $6M more and doubled the company’s valuation. With the launch, they clinched another round of funding, this time for $10M, with the company valuation of about $25M. By May 2013, Zoom claimed they had reached 1 million users. After two years of iteration, the product satisfied beta testers, and after finetuning some issues, Zoom was officially launched in January 2013.įrom the start, it was massively successful. That’s why he was able to raise $3M to start his idea in 2011. Not only Yuan’s colleagues at WebEx but also the investors believed in Yuan’s vision. And when he left, there were close to 40 engineers followed him to pursue his goal of developing a new video conferencing tool that surpasses WebEx. But the idea was rejected, so he decided to leave the company.

Facing this sort of challenge, Yuan attempted to convince the management to change the product. Moreover, competitors started to arise, and disruptive technologies came up. However, WebEx has certain deficiencies that make the customers unhappy, such as unstable connectivity, lagging audio and video transmission, and a frustrating installation process. Under his guidance, the WebEx development team scaled up to the size of 750 engineers, and the company’s annual revenue reached $800M.

Yuan still worked there, and he climbed up the corporate ladder to become the Vice President of Engineering. But it seemed that WebEx was not supposed to be a scalable startup that aimed at taking over the world because, in 2007, the company was acquired by Cisco System for $3.2B.

Because there was very little competition in the market, WebEx soon became one of the first options for video calls. Yuan was one of the key members of the development team who built up WebEx’s video conference software. His expertise and also career objective were to advance videotelephony software, and make it more user-friendly and efficient.Īt first, he landed a job in WebEx Communications, which was at the time just a web conferencing startup.

#Zoom vs gotomeeting software

He is a Chinese software engineer who emigrated to the U.S. Maybe to get a thorough understanding of this zoom vs skype race, we should go back in time to the date when the first videoconferencing tools were created. This hilarious video in fact triggers a serious question: Why is it that such a long-standing brand name like Skype did not suffice to compete with Zoom, which was founded a decade later? Why is it that ‘Zoom’ was so popular that it even became a verb, as in the common saying “let’s Zoom”? How did Zoom take the whole world by storm, even in the presence of giants like Microsoft with Skype and Teams, or Google with Hangouts?