In recent years, the advent of video conferencing gave birth to dozens of videotelephony software in an already saturated market. Zoom is not one to claim to be the pioneer in the business. Despite that, Zoom currently dominates the video conferencing market.
Founded by Eric Yuan in 2011, Zoom Video Communications, the company that developed Zoom, was originally named Saasbee, Inc. The idea to create Zoom came from Yuan’s experience as Webex’s Lead Engineer after being acquired by Cisco in 2007. During his tenure, he met a lot of unsatisfied consumers with the company’s video conferencing software. The consumer’s clamor for better video conferencing software-led Yuan to leave Cisco in June 2011 to start his own company.
By September of 2012, Zoom launched the beta version that allowed up to 15 participants in a meeting. By November 2012, Zoom signed Stanford University as its first client and marked the start of the company’s rapid growth.
Zoom launched version 1.0 after raising $6 Million from Series A Funding in January 2013, and by the end of its first month, it had 400,000 users. Zoom reached 1 Million users by May of the same year and, by the end of its first year, had logged 200 Million meeting minutes.
What are the different Zoom Plans?
- Basic – This plan is free and can host up to 100 participants with a 40-minute time limit.
- Pro – This plan costs $14.99 a month and has all the Basic features with an option to add more participants. Meetings have a 24-hour limit with 1GB of cloud recording.
- Business – Has all the Pro features that can host up to 300 participants with an option to add more. It also features vanity URL, company branding, and an automatic speech-to-text transcription for $19.99/monthly per host (minimum of 10 hosts.)
- Enterprise – Has all Business features and up to 500 meeting participants. It features unlimited cloud storage and bundle discounts for Webinars and Zoom Rooms. The plan costs $19.99/month per host (minimum of 50 hosts.)