The U.S. government denied Eric Yuan's visa application eight times. But after two years of rejection, Yuan finally made it to the U.S. and is now the major shareholder of video conference services firm Zoom.
as customers — after repeatedly traveling 10 hours to see his girlfriend while they were college students.
Unlike most tech unicorns that have gone public or plan to this year, Zoom has made a profit. It reported net income of $7.6 million last year on revenue of $331 million, compared with a loss of $3.8 million on revenue of $151 million a year earlier. He said at the time that he wouldn’t be surprised if it reached a valuation of $10 billion to $15 billion on its first day as a public company — a prediction that ended up underestimating how much the stock jumped.
Its customers include Uber, which spent an average of 14 million minutes a month in Zoom meetings in 2018, as well as media company Discovery Inc. and software maker VMware Inc.
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