Zoom, one of the most anticipated tech IPOs of the year, has one key profit driver: engineers in China

www.cnbc.com

post Series B round, we like our companies to start looking at metrics for percent of spend on R&D, sales and marketing, G&A as benchmarked across similar growing companies - Zoom has a huge competitive advantage and they have a large R&D presence in China - however, given the tenuous relationship between the US and China this will be interesting to see if this backfires in the coming years

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