Eric Yuan, 51, founder of video conferencing company Zoom, has not had to look back in his business since the outbreak of the Covid-19 epidemic. For the first time in his life, he made it to the Forbes list of billionaires. Forbes Magazine estimates that Eric Yuan has a net worth of १७ 17 billion (over 2,023 million).
Eric Yuan, the son of a mining engineer, was born in China's Sandom province. Studying engineering in China, then four years job in Japan and then destination America. There were other peaks in Eric Yuan's life.
However, the journey was not easy for him. Eric was impressed by Bill Gates, who wanted to reach the richest country. He wanted to join a successful technology company in California in the 1990s. However, it was not as if there was anyone waiting for him at the door.
Her visa application had been revoked eight times before she was allowed to work and reside in the United States. But despite all the challenges, he managed to reach Silicon Valley in 1997 at the age of 27 to start a new life. Of course, his English was weak, but it didn't take long for him to find a suitable place to hone his talent.
Her journey began as a programmer at the technology company WebX. Decades later, WebX was bought by a company called Cisco. Where Eric Yuan became the head of the engineering department.
In 2011, he gave Cisco officials the idea to develop a video conferencing app that would not only work on desktops and tablets but could also be accessed from mobile phones. However, Cisco rejected the idea.
Eric did not stop. He resigned to start his own business.
It was the same dream on which Zoom was based. However, raising funds for the project was no less challenging. After leaving Cisco, such an investor, who has faith in his project, was a difficult task in itself.
The reason for the rejection from the investors was that there is not much potential left in this type of business. There is no room for any new players.
According to the Financial Times, Eric Yuan raised money from his friends and family. "If you want to start a business, time is of the essence," he told the newspaper. The expansion of smartphone and cloud storage companies had created favourable conditions for products such as Zoom.
"Even my wife wasn't convinced," Eric told Forbes Magazine. But, as I said, it's a long and uncomfortable journey. I guess, if I don't try, I'll regret it. '
The train journey to meet his girlfriend thus paved the way for a platform that is now making long-distance business meetings possible on a mobile or computer screen.
At a time when global financial markets were sinking, Zum's stock was rising and still rising.
People needed a platform to communicate with each other. Players such as Microsoft, Skype and Google Hangouts were already flocking to the market for business meetings or any other purpose during the lockdown. However, despite all this, Jum performed brilliantly.
How did Eric Yuan make all this possible? Technology experts say the biggest reason behind Zoom's miracle is its ease of use.
It is not necessary to register a user. Hundreds can connect for up to 40 minutes in one call conference. It is also free.
Zoom was initially conceived as a business meeting tool. But now people from all walks of life are using it in huge quantities.
Eric Yuan says Zoom's design was designed according to the company's requirements. No preparations were made for such a large number of users.
