Emergence Capital partner Santi Subotovsky shares why he went big into video conferencing company Zoom before it was valued over $9 billion.
Emergence's investment in Zoom's 2014 Series C was worth $1.1 billion with the IPO. Despite selling nearly 1 million shares in the IPO, Emergence still owns 12.7% of Zoom's high-vote stock.
In the hours after Zoom started trading, Subotovsky spoke to Business Insider about what first drew him to the company and why Yuan reminds him of Apple cofounder Steve Jobs — but nicer.You're in New York right now? How did everything go today?It was exciting. It was great to see a lot of the Zoom employees, even a lot of the early employees that were there back in 2014 when we first invested in the company. It was great to see a number of customers there celebrating with us.
Zoom not only worked incredibly well but it also started spreading virally, and I started getting invites from friends of friends. That's when I reached out to Eric and we started building a relationship.
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