Eric S. Yuan is a Chinese-born American billionaire businessman, and the CEO and founder of Zoom Video Communications, of which he owns 22%. Yuan is the son of geology engineers. He was born and raised in Tai’an, Shandong Province, China. In 4th grade, Yuan collected construction scraps to recycle copper for cash As a first-year university student in 1987, he was inspired to develop videotelephony software while he took 10-hour train rides to visit his girlfriend and was looking for an easier way to “visit” her. He earned a bachelor’s degree in applied mathematics with a minor in computer application from Shandong University of Science and Technology, and a master’s degree in geology engineering from China University of Mining and Technology in Beijing. Yuan completed a Stanford University executive program in 2006. After earning his master’s degree, Yuan lived in Beijing, and attended a training program in Japan for four months. Inspired by Bill Gates, who spoke in Japan in 1995, he moved to Silicon Valley in 1997 to join the tech boom. At the time, Yuan spoke very little English, and applied nine times before being granted a visa to the United States. Upon arriving in the US, Yuan joined WebEx, a web conferencing startup, where he was one of the first 20 hires. The company was acquired by Cisco Systems in 2007, at which time he became vice president of engineering. In 2011, Yuan pitched a new smartphone-friendly video conferencing system to Cisco management. When the idea was rejected, Yuan left Cisco to establish his own company, Zoom Video Communications. In 2019, Zoom became a public company via an initial public offering, at which time Yuan became a billionaire. His wealth has increased during COVID-19 pandemic, as Zoom has benefited from the shift to online work and teaching. On September 1, 2020, Yuan’s net worth was estimated to be US$16.4 billion, a figure 360% higher than his net worth at the beginning of the year. May these Eric Yuan Quotes On Success inspire you to take action so that you may live your dreams.
1. “We want to hire people who are self-learners.” Eric Yuan
2. “Money is not going to bring me happiness.” Eric Yuan
3. “We really don’t look at our competitors. The market is big. If you focus too much on competitors, you can lose focus on the customer. If we make our customers happier, we are going to win.” Eric Yuan
4. “In 2007 WebEx was acquired by Cisco and I became Cisco’s Corporate VP of engineering, in charge of collaboration software.” Eric Yuan
5. “The beautiful part of the cloud is, you know, it’s unlimited capacity, in theory.” Eric Yuan
6. “Social networking like Facebook or Twitter is very popular, but one thing I have found is that the more social networking tools you are using, the more alone you feel.” Eric Yuan
7. “We are very committed to listening to our customers’ feedback and making changes to deliver happiness to our users.” Eric Yuan
8. “Similar to many multinational technology companies, Zoom has operations and employees in China. And like many multinational technology companies, our offices in China are operated by subsidiaries of the U.S. parent company. Our engineers are employed through these subsidiaries. We don’t hide this.” Eric Yuan
9. “Millennials grew up realizing that they can get the job done without having to go to the office.” Eric Yuan
10. “My beloved father passed away just two months after I told him I was going to start a company. Whenever I make progress in my career, I wish I could share the news with my father.” Eric Yuan
11. “Empathy, humanity and support for each other is more important than revenue, than growth.” Eric Yuan
12. “I decided to come to the U.S. in the mid ’90s because the Internet, which I knew was the wave of the future, was red hot here, but hadn’t yet taken off in China.” Eric Yuan
13. “When I do something, I want to win. If I lose, I feel bad.” Eric Yuan
14. “I really want to build something to make the world a better place.” Eric Yuan
15. “Coronavirus has completely changed how people think about where or how you should work.” Eric Yuan
16. “I think many businesses will allow their employees to work from home. The main challenge here is how to make sure Zoom will give a better and safer experience to users than compared to that in an office environment.” Eric Yuan
18. “Some students just don’t like online class.” Eric Yuan
19. “Even if I have no energy and I’m so tired, I don’t give up.” Eric Yuan
20. “Any security issues, you have to be very hands on to really understand what’s the exact problem, and then take quick action.” Eric Yuan
21. “I don’t mind working long hours, because I enjoy doing that. The way to make myself happy is to work long hours.” Eric Yuan
22. “Our philosophy at Zoom is to create a company that promotes self-motivation. I have told our managers not to spend too much time motivating employees. You have to create an environment where employees can motivate themselves. That is really important because self-motivation is more sustainable.” Eric Yuan
23. “Slack is a great partner of Zoom. We’re a great partner of Slack.” Eric Yuan
24. “The harshest criticism may be the best words you ever hear.” Eric Yuan
25. “Before I came to Silicon Valley I was in Beijing, China and I was twenty-seven. When I saw the Internet, I immediately realized that it was going to change everything.” Eric Yuan
26. “Distributed workforces are most likely to succeed if their culture is one that values and prioritizes face-to-face communications.” Eric Yuan
27. “We do all we can to proactively think about employees, how to care about them.” Eric Yuan
28. “I want to make sure I do the right thing for society.” Eric Yuan
29. “In business, speed is everything.” Eric Yuan
30. “Company culture is my number one priority. It’s more important than the team, the product, the business model, or the investors. All of those things can be fixed and made better over time. But culture has to be established on Day 1.” Eric Yuan
31. “The smartphone created a huge economy, the cloud created a huge economy.” Eric Yuan
32. “If your employees are not happy, nothing else at your company will go well.” Eric Yuan
33. “My barometer for choosing a board member is this: regardless of the business, can I make a lifelong friend?” Eric Yuan
34. “No one wants to be the person who peaked in high school.” Eric Yuan
35. “My philosophy is, if I can provide a solution that the end user truly enjoys, then I think I have a chance.” Eric Yuan
I hope you enjoyed these Eric Yuan Quotes On Success. Do let us know which one was your favorite in the comments section below.
Check Out Zoom’s Pandemic Story And The Rise Of A New Billionaire | Forbes:
My Name is Md. Mustafizur Rahman Mehedi, I am the CEO of "Islamic Stock Library" youtube channel. I am a Bangaldeshi new entrepreneur. My goal is to help people and remove all kind of money problem from society.
