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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..
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)).
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 📈
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! 
