Investing in Developers — Zoom Developer Summit and Competition 2020

Summary

Zoom launched the Zoom Marketplace Competition for developers creating applications on the Zoom platform. Open to for-profit organizations with less than $10M in prior funding, the competition offers a selected winner up to $2 million in potential investment. Finalists pitch their proposals to venture partners from Emergence, Horizons Ventures, Maven Ventures, and Sequoia. In addition to capital, the winner receives advisory sessions with Zoom product experts, priority platform support, a DTEN D7 whiteboard, and multiple three-year software licenses. Submissions require explicit details regarding problem definition, customer demographics, traction, revenue models, competitive analysis, and team credentials ahead of the March 31st, 2020 deadline.

Takeaways

1. 1

   Eligibility is restricted to for-profit organizations that have raised less than $10M in prior funding.

2. 2

   Finalists pitch directly to venture partners from Emergence, Horizons Ventures, Maven Ventures, and Sequoia.

3. 3

   The winning submission receives up to $2 million in funding alongside advisory sessions, priority development support, a DTEN D7 55-inch whiteboard with a 3-year Zoom Rooms license, and 10 Zoom Pro licenses for 3 years.