skypeSkype is an online medium of communication that has completely revolutionized the way people mingle-up with each other. Technically speaking, Skype is a proprietary VoIP (Voice over Internet Protocol) service; introduced, back in 2003. Skype is based on the peer to peer principles of communication.

People can communicate freely with their peers having Skype accounts i.e. free Skype-Skype access. These free features include voice chat, video chat, instant messaging and file sharing services. Some paid features, available to the Premium subscriber of Skype are; video conferencing, calling and sending text messages to the worldwide landline and mobile numbers. Conference calls of 25 people, at a time, are also supported by Skype. Premium subscribers can also make video conference calls with maximum limit of 10 people.

In 2011, Skype was acquired by Microsoft in exchange of hefty sum of 8.5 billion USD. Skype was the brainchild of two European guys, Janus Friis of Denmark and Niklas Zennstrom of Sweden. Today, Skype has more than 600 million registered members and at peak times it has more than 40 million users online.

Zennstrom is a Swedish boy, who has acquired dual degree from Uppsala University, Sweden, in Business Administration and Engineering Physics. He went to University of Michigan, USA, to complete his studies. He started his professional career with Tele2 then worked for several other firms from time to time like; get2net, Joltid, Joost, Skype, Altnet and etc. as a CEO.

Niklas Zennstrom, at Zeitgeist Europe, shared his different notions about Skype and other supporting processes, which are required for a business to be a successful entity.

  • What was the driving force for Niklas Zennstrom when he started Skype?
  • Did Skype use business model, when it was launched?
  • What is entrepreneurship in Niklas Zennstrom’s viewpoint?
  • And much more…

Explore more about Niklas Zennstrom and Skype by watching the attached video.

Video: Co-founder Niklas Zennstrom Talks about Skype
(First released in 2007)

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