Eric Yuan success story is an inspirational one for everyone. Eric Yuan is a Chinese nationality, internet entrepreneur, founder, business executive, and investor from Xuzhou. Eric Yuan is best known as the Zoom CEO and founder of the Zoom Company.
If you have ever benefited from the convenience of a Zoom call the videoconferencing software, you might want to thank Eric Yuan’s college girlfriend.
Eric Yuan success story
As an undergraduate, Yuan was frustrated by the 10-hour train trip separating him from his then girlfriend Sherry (who he later married) and was inspired to create videoconferencing software, as he wanted to find an easier way to see and talk to her. However, it would take years of development before he saw his dream realized.
Eric Yuan Early Life
Eric Yuan was born in China on the 20th of February 1970. He graduated from the Shandong University of Science and Technology. He later earned a Master’s degree in Engineering from China University of Mining and Technology.
Eric Yuan career beginning
After hearing a speech by Bill Gates in 1994, Eric decided he wanted to move to the U.S. to get in on the growing dotcom industry. His visa application was rejected eight times over a two year period. Eric Yuan story begins after he landed a job at WebEx in 1997. The 48-year old Eric started his career in U.S. as a Vice President of Engineering in WebEx Company. He was also one of the founding members of it. In his career, Yuan built the team from 10 engineers to more than 800 engineers across the globe. He also contributed to the company revenue growth from 0$ to $700 million.
Yuan, who served as corporate’s VP of Engineering, later pitched a new smartphone-friendly video conferencing system, only to be rejected by upper management. So, in 2011, Yuan quit his job to start his own company, which was eventually called Zoom Video Communications. He was 41.
Eric Yuan success story with Zoom
Eric Yuan’s success story started when he founded Zoom in 2011. At the time, it was a huge gamble. It didn’t help that Yuan’s age made him a veritable dinosaur in Silicon Valley. But his entrepreneurial spirit paid off more than he could have ever imagined. In August 2012, Zoom launched their first version of the product and garnered 1 million users in less than 12 months. By 2017, the company had hit unicorn status, but it was the COVID-19 pandemic which caused Yuan’s technology to become indispensable for so many people around the world. In a mere four months, from December 2019 to April 2020, Zoom’s daily meeting participants expanded from 10 million to 300 million.
As a result, Eric Yuan net worth increased to +$30 billion and he was sitting on a video conferencing empire that he’d built out of passion, vision, know-how, and the willingness to take personal risks. Yuan, who owns 22% of Zoom, became a billionaire in 2019 after the company’s wildly successful IPO.
Known for being as humble as he is hard-working, in March 2021, he transferred $6 billion worth of Zoom shares to a grantor retained annuity trust, for which Yuan is a trustee. In addition to financial success, the world-famous entrepreneur has also received recognition from many of the world’s top publications. This includes being name the Time Businessperson of the Year in 2020, and being one of the Time 100 Most Influential People of 2020.
What can we learn from Eric Yuan’s success story?
Eric Yuan is one of the most influential tech moguls in the world today, but his story began with humble beginnings. Eric Yuan’s success story, tells you that no matter what obstacles stand in your way, stay focused on your goals and never give up. With enough determination and effort, you too can achieve greatness as Eric Yuan did!
How Eric Yuan’s life story can inspire us to achieve our dreams?
Eric Yuan’s life story is a testament to the fact that no matter how tough the journey may be, never give up. Eric Yuan’s story is an inspiration for us all and to achieve that success one needs to:
- Pursue your dreams relentlessly.
- Be patient.
- Keep learning.
- Be humble and grateful for what you have.
- Believe in yourself.
- Work hard.
- Overcome adversity.
- Take risks.
Eric Yuan is a perfect example of this. He faced many challenges in his life, but he didn’t let them stop him from achieving his dreams. Eric Yuan’s story is one of resilience and determination – two attributes that are essential for anyone looking to achieve success regardless of their background or circumstance they come from!
