She knew why people like twelve-year-old me used Vimeo, and so she reached a formative conclusion: the world didn't need another YouTube. Who else could a video platform be?
How do you innovate in a saturated market?
At the time, all of the video platforms at the time were playing the same game. The Netflixes made money off of subscription revenue and the YouTubes made money off of advertising. Every company wanted to get more viewers.
In all of this viewer obsession, creators were left in the dust.
Sud decided to bring a new business model to the space: SaaS. Instead of being another platform for creators to put their videos, what if they could make tools for creators to make better videos?
Sud reinvented Vimeo to do just that. For all the mom and pop shops struggling to stay hip in the age of Instagram, she created a video studio with templates, AI, stock licensed footage, and music. For the home instructors trying to earn a living, she created a video portal where they could live stream classes and put up paywalls wherever they wanted. For Fortune 500 companies who wanted to connect with their employees scattered around the world, she created a tool for them to have secure, internal video events.
Sud embraced radical change for a company that had been stagnant for years. Today, 60% of the Fortune 500 have an active account with Vimeo. 80% of its users pay for membership. The company experienced a 57% growth in sales just in the past quarter. And as an Indian American woman myself, seeing Sud's company on the Nasdaq is incredibly exciting.
Markets often become saturated when everyone is attempting to do the same thing. Whether you're trying to stand out as a content creator on Instagram or you're creating yet another streaming service, you cannot win by playing the same game as everyone else. Instead of trying to be better, be different. Bring a new business model into the space. Focus on a different target market. Don’t be afraid to pivot your ideas.
Where in your life can you play a different game?