Friend the Public
IT’S FINALLY HEEEEEEEEEEEEEREEEEEEEEEEEEEE!!! Here’s what we learned:
Mark Zuckerberg has 28.2 percent voting power, pre-IPO based on personal shares: 28.4 percent of class B shares. But that’s not all. “As a result of voting agreements with certain stockholders, together with the shares he holds, Mark Zuckerberg, our founder, Chairman, and CEO, will be able to exercise voting rights with respect to an aggregate of shares of common stock, representing a majority of the voting power of our outstanding capital stock following our initial public offering.” Altogether, that gives him majority control with 57 percent voting rights.
THE FOUNDERS OF ZOCDOC.COM, Cyrus Massoumi and Dr. Oliver Kharraz, had just concluded the very first public demonstration of their medical appointment-booking app at the TechCrunch40 conference in September 2007 when they got a review that threatened to put the whole endeavor on life support.
“Honestly, it would just never occur to me to go to any site to pick a doctor,” said Guy Kawasaki, the Silicon Valley venture capitalist, early Apple employee and venerable start-up guru, smiling and chopping the air with a pen. “I mean, it’s just sort of too facetious.”
Emphasizing once more that he would never use such a service, he turned to a fellow judge on the panel, the entrepreneur and philanthropist Esther Dyson, and elaborated, “You’d go to a site and just, ohhh, you know, Lisa Macintosh went to Harvard, she looks cute, I’ll have her operate on my heart!”
The audience responded with belly laughs.
ZocDoc just raised its $50 million Series Cool from DST Global, making the online booking and review site for doctors’ appointments the first New York investment by Facebook/Twitter/Zynga/Groupon investor DST Global.
ZocDoc offers five million available appointments across nine major metropolitan areas and “is in the midst of a nationwide rollout,” a DST rep said in an email. ZocDoc says it books about 700,000 appointments a month; the start-up was also named the best place to work in New York by Crain’s.