What makes Zoom IPO special is that when it started, Microsoft already acquired Skype of $8.5 billion. And Cisco acquired Webex(another popular video calling product) for billions. There were dozens of other competitors. Then how did Zoom beat them all?
Two reasons -
- Great Product -
Eric, the founder of Zoom, was an early engineer in Webex. He knew how much could be improved in video confrencing products. Best products and not the first products win.
- Big Market -
A great product would have given it a enough success but not a market cap of over $20 billion. The video confrencing market is as big and the product is as horizontal as one can get.
I feel Notion fits both these criteria and will be at least as valued as Zoom.