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An interesting way to make sure you have revenue that doesn't disappear as wfh and remote learning slowly wraps up.
by mkmk 5y ago
An interesting way to make sure you have revenue that doesn't disappear as wfh and remote learning slowly wraps up.
- throwawayboise 5y agoEven if office work returns to something close to pre-COVID levels, one thing that has been proven is that remote meetings can work online. Travel for meetings will be harder and harder to justify. Airfare, car/taxi/uber, hotel, expenses compared to zero cost for a Zoom meeting. Zoom (and technology like it) is not going away.
- mr_toad 5y agoIn New Zealand almost no-one used video conferencing before COVID. Now, even after lockdown, with many people back in the office, it’s ubiquitous. Although many workplaces have moved on to alternatives to Zoom, I think this is a stark example of how technology adoption has as much or more to do with culture and familiarity as the actual merits of the technology.
- mrkramer 5y agoAs Steve Jobs said customers care about user experience not technology.
- mrkramer 5y ago>Even if office work returns to something close to pre-COVID levels, one thing that has been proven is that remote meetings can work online. Remote meetings work since broadband internet was introduced but nobody cared for it on a mass scale until COVID.
- mkmk 5y agoThat’s a reasonable point but remote conferencing subscriptions are at an all-time high, so it wouldn’t surprise me to see some churn in this area, even if everything you said is correct. Schools, teams that return fully to the office, etc will probably let their subscriptions lapse, which would lead to a fear among investors that the business was in trouble. It’s a smart play to introduce a new revenue stream (via M&A) to counteract that narrative.