Everyone You Know Uses Zoom. That Wasn't the Plan
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The Influence of the Fourth Industrial Revolution on the Entrepreneur Leadership Attributes
The Influence of the Fourth Industrial Revolution on the Entrepreneur Leadership Attributes RONNEN AVNY* *Corvinus University of Budapest, Doctoral School of Business and Management; [email protected] DOI: 10.14267/978-963-503-867-1_01 Abstract Innovation, and especially innovation leadership, is a critical factor in enhancing a firm’s success in today’s changing markets. This research investigates changes in the entrepreneurial leadership attributes amid the fourth industrial revolution and how these changes relate to the fast pace of technology advancement. As part of the fourth industrial revolution, the barrier to introducing innovative technology has decreased due to the accessibility of high-end commercial capabilities, such as cloud computing, big-data capacities, open-source codes, and more, which reduce their need for in-house development. This research taps into the current academic knowledge gap and aims to understand how leadership traits (or attributes) may help fully exploit this significant revolution’s advantages and gain a competitive advantage over rivals. This paper also contributes to the knowledge of innovation study and entrepreneur leadership study. The research utilizes automated techniques of content analysis of published interviews and entrepreneurs’ biographies from recent years and the distant past. The results reveal that current entrepreneurs tend to be open-minded while avoiding rejecting innovation from other firms (avoiding “the not invented here” concept) and are willing to share the experience with the adjacent technology eco-system. The main conclusion of the research is that the entrepreneur in the current era should utilize the open innovation eco-system and gather the ingredients for innovation initiatives, and also have the ability to accurately seek the best off- the-shelf solution to use and integrate it while avoiding time- and budget-consuming development procedures. -
The Founder of Zoom Shares What's Next Eapen Chacko (Queblo, Inc
Entrepreneur & Innovation Exchange Published online at EIX.org on April 02 2020 DOI: 10.32617/497-5e860bce625a0 The Founder of Zoom Shares What's Next Eapen Chacko (Queblo, Inc. ) KEYWORDS: Information Technology, COVID-19. Zoom Video Communications, Inc., the online talk. videoconferencing service, is everywhere now, as the COVID-19 pandemic shuts down businesses, schools The Market Will Tell You What’s and organizations. Zoom’s revenue, which nearly doubled in the fiscal year ending January 31, 2020 from Needed, If You Listen the previous year, is expected to grow even more as While working for both the stand-alone Webex and usage increases by 1,900% around the world. Cisco Webex[1](https://www.webex.com/) , one of Eric’s (https://blog.zoom.us/wordpress/2020/04/01/a-message- jobs as a sales engineer was to listen to customers. to-our-users/) Great inventors, entrepreneurs, investors, analysts, medical diagnosticians and others are good observers, Today, in the second quarter of 2020, the name Zoom is who often listen more than they speak, but also are ubiquitous. This is especially so in healthcare, where it gregarious with people. From Eric’s projection on the is a powerful tool for collaboration among disparate video, I am sure that his customers loved him, and they types of professionals in non-office settings of all kinds, likely felt that he would faithfully represent their interests from the cardiac catheterization lab to ICUs to homes to his senior management. where hospital staff are working remotely. “I suddenly realized that all my customers were The founder of Zoom, Eric Yuan, spoke on April 1 at a unhappy about something!,” Yuan recalled. -
Eric Yuan's Leadership Lessons for Building Lasting Enterprise Value Eapen Chacko (Queblo, Inc
Entrepreneur & Innovation Exchange Published online at EIX.org on July 27 2020 DOI: 10.32617/549-5f1ee82944152 Eric Yuan's Leadership Lessons for Building Lasting Enterprise Value Eapen Chacko (Queblo, Inc. ) KEYWORDS: Leadership, Technology Commercialization, student entrepreneurs, Student innovators. Zoom’s first quarter of fiscal 2021, ending April 30, was was denied nine times. Budding entrepreneurs should characterized by an analyst as “the best quarter in the not be shy about letting people know of their interests, history of enterprise software.” Reported revenue of passions and plans. Eric came into the orbit of a famous $328 million increased by 169% year-over-year Chinese entrepreneur Min Zhu, who founded Future compared to the prior year period. Unlike recent Labs a collaboration company that developed a multi- technology IPOs, Zoom reported earnings per share of point document sharing system; Zhu’s company was $0.09 compared to $0.00 in the first quarter of fiscal acquired by Quarterdeck. 2020, both measured on generally accepted accounting principles (“GAAP”). Its margins and cash flows from Land and Expand operations and business strategy all point to a model After the sale of Future Labs, Mr. Zhu and Subrah Iyar that will build lasting enterprise value. co-founded a Silicon Valley startup called Webex, whose first product allowed multiple users to share The story of Zoom’s success as a technology company screens and presentations. In 1997, at age 27, Eric is in some ways a classic story of the entrepreneurial landed in the United States to begin his career in the vision of its founder, funded by prominent Silicon Valley software business as an engineer and as employee #20 venture firms, who achieved the holy grail of both at Webex. -
Get to Know Cisco
MARCH 8, 2019 21 “Shaking S--t up” form. “We had impacted a lot of people — On Election Day last November, Martinez it was not an easy thing,” Martinez said. informed Cisco employees via email that “I lost a lot of sleep over it, believe me.” layoffs were in the works, delivering the biggest blow of a months-long restruc- A culture reset turing that shifted teams left and right. By the time Cisco closes out fiscal 2019 Nearly 500 of its more than 14,000 in July, it will have racked up $1.6 billion Silicon Valley employees were laid off. in layoffs costs and other restructuring Hundreds more in other locations from expenses. “Generous” severance packag- its total 74,200 workforce also lost their es for full-time employees included up jobs, although Cisco did not provide to five months of pay, according to two specifics. Plus, more than 10 employee former employees. groups merged into the new “Customer But layoffs are only one part of Cisco’s Experience,” or CX, group. reorganization. The company has made The change Martinez is directing has some key acquisitions — seven alone been three years in the making, ever since PAUL SAKUMA in 2018, including password authenti- Robbins announced Cisco would change cation firm Duo Security for $2.4 bil- its business model after he became CEO lion, fabless semiconductor company in 2015. The next year, 5,500 workers Luxtera for $660 million and business were laid off, though Cisco’s workforce intelligence startup Accompany for $270 had returned to its pre-Robbins levels. -
Quest for Digital Equity
California Emerging Technology Fund Quest for Digital Equity PROGRESS REPORT IN CLOSING THE DIGITAL DIVIDE 2020 The companion pandemics of COVID-19 and de facto economic segregation laid bare the Digital Divide and systemic racism which compel us to renew a collective commitment to tackle poverty with a laser focus that realigns public resources and attracts private investment with accountability for results. The sobering realities confront us with these questions: ➤ Will protest lead the way to policy? ➤ Will the substance of our actions match the power of symbols? ➤ Will we finally come together to deliver for everyone on the promise of America and potential of California? It is only a matter of LEADERSHIP to say YES to a better future for all Californians. Introduction Quest for Digital Equity he California Emerging Technology Fund (CETF) has diligently worked to close the Digital Divide in California since we began operations in 2007. We have partnered with and supported leadership from the Governor’s TAdministration, Legislature, California Public Utilities Commission, Regional Consortia, Local Governments, Civic Leadership Groups, and Community-Based Organizations (CBOs) to make measurable progress. CETF serves as a “Catalyst for Action”—hence the title of our 2017 Decade Report (www.cetfund.org) which sets forth our Strategic Action Plan and chronicles the accomplishments during the first 10 years. Now, in light of recent emergencies and crises—devastating wildfires, public safety power shut-offs, and a health pandemic that closed schools and workplaces sending everyone home—there is a deeper sense of urgency among policymakers and regulators to get everyone online—especially rural communities and tribal lands, low-income households, and other digitally-disadvantaged populations. -
Iuaurbratrr Hrralft A
MANCHESTER WEEKEND PLUS Bolton Democrats Norman has lead Health spa caters hear challengers at PGA tourney to body beautiful ... magazine inside iUaurbratrr Hrralft Manchester — A City of Village Charm Saturday, Aug. 9, 1986 25 Cents A S N E T pact Reagan faces talks down to the wire hospital tests U av Susan Okula By Terence Hunt tion of a dye into the arm, and an The Associated Press The Associated Press examination of It by X-ray. The other test involves the insertion of N E W H A V E N — Negotiators for WASHINGTON - President a device, through the penis, that Southern New England Telecom Reagan, who has experienced can relay pictures of the bladder. munications Corp. and the Connec urinary tract problems dating Speakes’ announcement ended ticut Union of Telephone Workers back two decades, will go to a Navy five hours of confusion and mys were considering each other’s tery in the White House about G hospital Saturday for urological proposals Friday as talks for a tests, his spokesman announced Reagan’s health. contract for 9,500 workers moved Friday. Early in the day. Peter Roussel, toward deadline. A local anesthesia will be used another spokesman, left open the Workers, have authorized union for the procedures, to be done on an possibility that Reagan would leaders to call a strike at 12:01 a.m. out-patient basis at Bethe.sda Na undergo medical tests over the Sunday. CUTW represents opera val Medical Center. weekend but refused to provide tors, customer service representa Presidential spokesman Larry any details. -
WAYS to MAKE MEDIA PAY I Contentscontenidos
INFORMEINSIGHT REPORT MANERAS DE HACERHACER LOSREDITUABLESLOS MEDIOS MEDIOS 50REDITUABLESLOSWAYS MEDIOS TO MAKE MEDIA PAY EscritoWritten por: by: SponsoreadoSponsored by: por: Damian Radcliffe 50 WAYS TO MAKE MEDIA PAY I ContentsContenidos III IntroducciónIntroduction de fromde Damian Dam Damian ianRadcliffe Radcliffe Radcliffe V Sovrn: Together,Juntos, podemospodemos we can makehacer hacer quemedia que los paguen paymedios porsean los redituables. medios. 5050 ManerasWays to deMake Hacer Media Redituableslos MediosPay Redituables los Medios 1 MUROSPAYWALLS DE PAGO 5 SUSCRIPCIONESSUBSCRIPCIONESSUBSCRIPTIONS 8 PUBLICIDADADVERTISING 15 LIBRESAD-FREE DE ANUNCIOS 19 EVENTOSEVENTS 23 E-COMMERCE 28 MÉTODOSEMERGING EMERGENTES METHODS 38 APÉNDICEAPPENDIX 50 MANERAS WAYS TO DEMAKE HACER MEDIA REDITUABLESLOS PAYMEDIOS REDITUABLES LOS MEDIOS II IntroducciónIntroduction Publishers, both large and small, are constantly innovating in Los editores, tanto tanto grandes grandes como com pequeños, o pequeños, están estáninnovando innovando theirconstantementeconstantem efforts enteto en ensure ensus sus esfuerzos financial esfuerzos para viability. para garantizar garantizar Whether la viabilidad la you’reviabilidad a non- profiteconómica.financiera. weekly Ya seanewspaper unun periódico periódico in semanala semsmall anal sintown, sinfines fines or de a lucro dlargee lucro en for-profit en Fortuneuna ciudadciudad 500 pequeña pequeña company, o unao una yougran gran cannotorganización organización rest conon finesyour con de revenuefine s de laurels. Thelucro -
Asia Game Changer Awards
ASIA SOCIETY Northern California Center, established in 1998, is uniquely positioned on the edge of the Pacific and at the entrance to Silicon Valley. The Center connects the San Francisco Bay Area’s diverse local community with a wide network of global leaders and visionaries in the fields of policy, business, arts & culture, and technology/innovation. Through large conferences, private Executive Roundtable briefings, panel discussions, cultural programs, and networking events and dinners, Asia Society Northern California ASIA presents timely and relevant forums for educating and GAME engaging the public about the critical issues facing the WEST United States, Asia, and the CHANGER world. AWARDS ASIA SOCIETY Northern California 500 Washington Street, Suite 350 TUESDAY, APRIL 7, 2020 San Francisco, CA 94111 APRIL 9, 2019 AsiaSociety.org/NorthernCalifornia ASIA SOCIETY Worldwide Hong Kong Houston Los Angeles Manila Mumbai New York San Francisco & Silicon Valley Seoul Sydney & Melbourne Tokyo Washington, D.C. Zurich ASIA SOCIETY NORTHERN CALIFORNIA ADVISORY BOARD Honorable George P. Shultz Michael Chui Bakul Joshi Honorable William J. Perry Honorary Chairman Partner President Michael & Barbara Berberian Thomas W. and Susan B. Ford McKinsey Global Institute Multiple Access CA Professor Emeritus, Distinguished Fellow Corporation Center for International Hoover Institution Chris Cooper Security & Cooperation Stanford University Global CFO & Chief Holly Kernan Senior Fellow, Freeman Compliance Officer Chief Content Officer Spogli Institute Chong-Moon Lee Sequoia Capital KQED Stanford University Chairman Emeritus & Trustee Founder & Chairman David A. Coulter C. Richard Kramlich Gary Rieschel Ambex Ventures Managing Director Chairman & Co-Founder Founding Managing Partner & Senior Advisor New Enterprise Associates Qiming Venture Partners Jack Wadsworth Warburg Pincus LLC Honorary Chairman Philippe LaCamp Andy Rothman & Trustee Emeritus Robert E. -
CELEBRATING SUCCESS Success Lies at the Edge of Your Comfort Zone
2015 TSNN AWARDS CELEBRATING SUCCESS Success lies at the edge of your comfort zone. Kasim Reed - Mayor November 6, 2015 Greetings: As Mayor of the City of Atlanta, it is my pleasure to welcome the Trade Show News Network (TSNN) and attendees of the 2015 TSNN Awards. The 2015 TSNN Awards recognizes and honors the top fastest-growing trade shows from around the nation. I am confident this three-day weekend celebration will provide attendees with an important forum to network, empower and innovate. I am proud to offer my congratulations to this esteemed group as they are recognized for their accomplishments. While in our city, we encourage attendees to explore the many attractions Atlanta has to offer including: the Dr. Martin L. King Jr. Center, the Georgia Aquarium, the World of Coca-Cola, CNN Center, Centennial Olympic Park, Woodruff Arts Center, Atlanta Botanical Garden, Children’s Museum of Atlanta, National Center for Civil and Human Rights, College Football Hall of Fame and many more. We invite you to share in our Southern hospitality, sample cuisine at our many fine restaurants and enjoy the rich and diverse heritage of our city. On behalf of the people of Atlanta, I am proud to extend best wishes for a memorable celebration as you celebrate trade show excellence. Sincerely, Mayor Kasim Reed 2015 TSNN AWARDS: CELEBRATING SUCCESS Trade Show News Network is honored to celebrate the fastest-growing shows in net square footage and attendance from the years 2012 – 2014. The winners will be honored at the TSNN Awards Gala, Saturday Nov. 7, at the Atlanta Convention Center at AmericasMart. -
Zoom's Eric Yuan Makes Booming Debut
World's Billionaires: Zoom's Eric Yuan makes booming debut BY ALEX KONRAD, FORBES, JUL 7, 2020 11:34:22 AM IST Eric Yuan is helping millions survive social distancing by giving away his videoconferencing tool, Zoom. This is earning him much respect, and when the pandemic passes, the billionaire's business will likely be stronger than ever. But amidst the global crisis, can his app withstand a 610% spike in traffic overnight & the scrutiny of prime time? Zoom CEO Eric Yuan’s kids finally care about what he does for a living. Sure, they were there that morning in April 2019 when Yuan, the founder of the world’s most popular videoconferencing company, rang the opening bell at Nasdaq, with Zoom’s stock-market debut making him a billionaire. But it wasn’t until a Monday in mid- March that Yuan’s eighth-grade daughter, forced by the coronavirus to go to school remotely, finally had a question about her father’s work. “My daughter had never asked what I’m doing,” Yuan says, beaming. “For the first time, she stopped by to say, ‘Dad, how do your raise your hand in Zoom?’” Zoom Responds to the COVID Crisis Yuan’s son, a college freshman, has become an emergency Zoom user, too. “I told my son, ‘I finally realised why I was working so hard,’” Yuan says. “ ‘Maybe I built these tools just for you to use in your online class now’.” This newfound respect still wasn’t enough to stop either kid from battling for the family’s Wi-Fi with dad, jokes Yuan, 50. -
Equity Research Report | 09/24/19
EQUITY RESEARCH REPORT | 09/24/19 Recommendation: SELL ZOOM VIDEO Business Rating: 6 COMMUNICATIONS, INC. (Ticker: ZM) Security Rating: 3 BUSINESS RATING SECURITY RATING SELL BUY NEGATIVE POSITIVE d POTENTIAL FOR RETURN RISK LIMITED SIGNIFICANT LOW HIGH d Industry: Software Sector: Technology Stock Price: $82.62 (09/23/19) Jarvis Rank: 964 (09/21/19) (Data as of 09/23/19 unless specified) Fwd (TTM) $744.8M Enterprise Value: $21.9B Market Cap: $22.6B Revenue: ($463.7M) 29.40x Revenue Growth Fwd (TTM) EV/Sales: TTM Gross Margin: 80.9% +118.2% (47.10x) (YoY): Share Performance TTM Operating +33.3% 1.8% RSI: 41.42 since listing: Margin: Dollar based net 52 week high $107.34 52 week low $59.94 >130.0% expansion rate Insider Transactions: Insiders have bought or acquired 7.1mn shares since the IPO WHY WE RATE ZOOM VIDEO (ZM) A SELL • Zoom is one of the most richly valued stocks traded, with a Grab-and-Go Fwd EV/Sales multiple of 29.40x. While their growth has been THESIS exceptional, the market has already priced it in with high premiums An investment in Zoom is a play on the growing market for cloud-based • ZM shares fell after the latest earnings release despite the meeting solutions backed by the company beating estimates and raising guidance. The market secular trend of businesses likely expects near-perfect results, and downside risks may be undergoing digital transformation. too high Zoom is cloud-native collaboration • The lock-up period for IPO subscribers and Class B platform offering video meetings, conference room solutions, and shareholders to sell their shares is yet to pass, which adds cloud phone calling. -
Zoom Video Communications, Inc. Form S-1/A Filed 2019-04-16
SECURITIES AND EXCHANGE COMMISSION FORM S-1/A General form of registration statement for all companies including face-amount certificate companies [amend] Filing Date: 2019-04-16 SEC Accession No. 0001193125-19-107178 (HTML Version on secdatabase.com) FILER Zoom Video Communications, Inc. Mailing Address Business Address 55 ALMADEN BOULEVARD, 55 ALMADEN BOULEVARD, CIK:1585521| IRS No.: 611648780 | State of Incorp.:DE | Fiscal Year End: 0131 6TH FLOOR 6TH FLOOR Type: S-1/A | Act: 33 | File No.: 333-230444 | Film No.: 19749878 SAN JOSE CA 95113 SAN JOSE CA 95113 SIC: 7370 Computer programming, data processing, etc. (888) 799-9666 Copyright © 2019 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents As filed with the Securities and Exchange Commission on April 16, 2019. Registration No. 333-230444 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ZOOM VIDEO COMMUNICATIONS, INC. (Exact name of Registrant as specified in its charter) Delaware 7370 61-1648780 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) 55 Almaden Boulevard, 6th Floor San Jose, California 95113 (888) 799-9666 (Address, including zip code, and telephone number, including area code, of Registrants principal executive offices) Eric S. Yuan President and Chief Executive Officer Zoom Video Communications, Inc. 55 Almaden Boulevard, 6th Floor San Jose, California 95113 (888) 799-9666 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copies to: Jon C.