Who Owns Zoom
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Zoom is an extremely popular video conferencing platform that has been in the spotlight ever since the start of the COVID-19 pandemic. While the tool is currently used for business meetings, education and communication, many people want to know who owns the company behind this amazing technology.
The founder and CEO of Zoom is Eric S. Yuan, a Chinese American entrepreneur. Yuan is the majority shareholder of Zoom, owning approximately 23% of the company in 2020.
Yuan has a story unique among tech startup founders. He was educated in China before moving to the US to attend graduate school at Columbia University. After contributing to several high profile software projects at WebEx, Yuan wanted to create his own product and decided to go his own way.
He then launched Zoom in 2011, and it has since gone on to become one of the most used video conferencing tools in the world. Yuan was even named by Time magazine as one of the 100 most influential people of 2020 for his work.
But Yuan isn’t the only major investor in Zoom—many well-known venture capitalists have invested in the company as well. These include Sequoia Capital, T. Rowe Price, Emergence Capital and Goldman Sachs, among many others.
The other major investor in Zoom is Zoom Video Communications Inc., which recently completed an IPO. Zoom Video Communications owns more than 33% of the company, making it the second largest shareholder after Eric S. Yuan.
In addition to the above mentioned investors, several famous individuals have also invested in Zoom. These include actor Ashton Kutcher and NBA star Steph Curry.
So while Eric S. Yuan is the founder and CEO of Zoom, it is obvious that there are several other major players involved in the company. All of these investors have helped to make Zoom into the powerful platform it is today and will likely continue to do so in the future.