Zoom went public on Thursday, and shares soared 81%. CEO Eric Yuan and CFO Kelly Steckelberg told BI about Zoom's next goals and the secret to profitability
on its side — making Zoom stand out in a landscape where tech companies often have redline-filled balance sheets as they go public.
When hiring, Yuan says the company cares more about whether candidates can build on the company culture and if they are willing to learn than the universities or companies the they come from. After all, if a company culture is broken, it can quickly cause a company to rot.Video conferencing company Zoom prices IPO at $36 per share, giving it a $9.
"For the first two minutes, they were surprised," Yuan said."They said, 'Wow I did not realize you can do that.' It's an awesome experience." What's more, Zoom has this philosophy: Employees should take a minute to think about how they're spending their own money and take two minutes to think about how they're spending the company's money. This frugal philosophy, Yuan and Steckelberg say, also helped make Zoom profitable.
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