3// also of note, the Company spends $6 on S&M per $1 spent on R&D. Clearly the product team is super efficient. Effective and massive S&M budget of $300m+ run rate —> 120% growth with 140% annual net expansion. Ridiculous execution 📈
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1// Of all the S-1s this year (Uber, Lyft, Pagerduty, Slack, etc.) & the 17 others in SaaS in 2018, Zoom is
#1
in growth rate by a wide margin (120% growth, next closest is Slack and Pagerduty in 50s%; for 2018, Elastic at 70%). It’s also
#1
in 2019 for profit margin by a large..
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2// margin and it’s the only one in 2019 that’s FCF+ — so undoubtedly an A++ financial profile and probably the closest thing to venture growth rates in the public markets (will be
#1
in the Bessemer cloud index of 49 recent software companies by 50% over the
#2
(Elastic)).
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Wow
@ericsyuan
gave me a follow! 🤩Guess he could tell that I was a fan of his business ☺️
@zoom_us
#zoomIPO
$ZM
#s1
#prospectus
🥳 Congrats on what I’m sure will be an exciting IPO!
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“Zoom operates R&D centers in China employing over 500 employees as of FY’19.” — interesting stat re: Zoom’s R&D
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