Whether you attribute it as a great WFH play ( in the current context) or see a paradigm shift happening towards a more digital future ( as opposed to physical one).
ZM is a force to reckon with…
Here are three key factors that guide my reasoning… (italicized text are my thoughts).
1. Product Potential: There are very few products I can think of that were enterprise scoped and went so viral with consumers so fast. 300 M users in such a short span of time! Compare that to the 182 million subscribers Netflix currently has. How much potential does ZM user growth have from here? 400 M, 500 M, 1 B… all those numbers seem possibilities to me.
With all these new users that have been on-boarded and so many of them using ZM for many different reasons ( meetings, learning, party, weddings…) think about the features/use cases that this consumer base is generating and helping guide ZM to what they should be building and enhancing in the years to come. A lot of companies struggle to find those use cases and the world now is offering those to ZM for free. It’s now upto ZM to enrich all that user experience!
2. Video Platform for tomorrow:
Being a dev this fascinates me. Can you imagine the possibilities of creating an add-on/widget using this API: https://marketplace.zoom.us/docs/api-reference/zoom-api ? e.g. adding video chat to whatever you wanted.
ZM can very well be the video platform for the foreseeable future.
3. Amazing Leadership:
The recent response and call to action to fix the current security vulnerabilities speaks volumes about ZM’s leadership.
It’s just a matter of time all of these security issues will be in the rear-view mirror .
Closing thoughts: What more can you ask from a SaaS company that’s enabling this digital age at this scale? What’s the probability of another product that reaches a 300 M user base so quickly…?
During my commute to work in 2019, ZM advertisements occasionaly popped out on my AM radio but I didn’t pay much attention. I would like to thank Saul for the bringing this great company to my attention and am happy that it’s a part of my portfolio.
long <OKTA, AYX, DDOG, NET, ZM, CRWD>