Skype – From Nothing To $2.5 Billion In Just Two Years

From video chatting to calling and messaging your friends, family and business colleagues around the world, Skype effectively has you covered on all fronts. 

The Skype software was developed in Estonia by three programmers, Ahti Heinla, Priit Kasesalu and Jaan Tallinn. After the official founding of the company in 2003 by two entrepreneurs,  Niklas Zennström and Janus Friis, Skype experienced uncanny growth. In three years, Skype had 115 million customers, making it the fastest growing internet community at that time.

By 2012, according to Telegeography, Skype was responsible for a tremendous 167 billion minutes of cross-border voice and video calling in a year, which was a 44 percent growth over 2011. That increase in minutes was “more than twice that achieved by all international carriers in the world, combined.” The implications of this have a foreboding impact and pose a major threat to leading telecommunications agencies around the world.  

Skype’s Internet phone service has drastically changed how we communicate with others around the globe and caused a quiet revolution in the process. Using the platform has been streamlined and efficient from the start – all you need is a reliable Internet connection, a computer, tablet or phone. Calls made to other Skype users are free, while calls made to landlines and mobile phones incur charges that can be paid with Skype credit. What was once a tool for connecting with family and friends has evolved into a business feature, used for interviews, conferences or consultation services. 3 billion minutes are spent daily on Skype and as of 2013, Skype has logged 300 million users with an average 4.9 million users daily as of 2014.