Acquired Capital-Efficient Growth (with Zoom CEO Eric Yuan & Veeva CEO Peter Gassner)
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May 19, 2022 Join Eric Yuan, the innovative CEO behind Zoom, and Peter Gassner, the mastermind of Veeva Systems, as they dive into the art of capital-efficient growth. They reveal how to achieve massive success with minimal investment, share insights on navigating the complex fundraising landscape, and discuss the critical role of product excellence and team dynamics. They also emphasize the balance between ambition and caution in business, offering valuable lessons for aspiring founders and investors alike.
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Veeva's Funding
- Peter Gassner secured angel investment and later $4M from Emergence Capital.
- Veeva went public without fully using the Emergence capital.
Zoom's Early Fundraising
- Eric Yuan initially struggled to raise VC funding for Zoom.
- He raised seed rounds from friends and later a Series C from Emergence Capital.
Differing Funding Strategies
- Peter Gassner didn't raise more capital after achieving profitability.
- Eric Yuan raised a Series D despite generating cash, anticipating an economic downturn.