The Facebookers Will Inherit the Earth
Nobody does nouveau-riche quite like a Russian oligarch. But Alisher Usmanov, the richest man in Russia, might have perfected the form. Although most of the press around Digital Sky Technologies (DST), the valuation-happy venture capital firm, focuses on founder Yuri Milner, Bloomberg reported earlier this year that Mr. Usmanov actually owns an 80 percent stake in the firm. That means that when DST sold Facebook shares worth about $1.7 billion during the company’s IPO, about $1.4 billion of that went to Mr. Usmanov.
And the man hasn’t wasted any time making it rain. In the days since the IPO, Mr. Usmanov, who first made his fortune in mining and metals, has purchased the biggest private jet in Russia, a wide-body Airbus A340-300. Putting Putin to shame, apparently.
ZocDoc just announced a surprise extra $25 million on top of the $50 million the startup recently raised from Yuri Milner and DST, and the money came from high places–Goldman Sachs is investing directly in ZocDoc. That is to say, not through Goldman Sachs Investment Partners and not through Goldman’s Principal Investment Area, but with money off its own balance sheets, ZocDoc CEO Cyrus Massoumi told Betabeat.
One of ZocDoc’s first angel investors works at Goldman Sachs in a “unique position,” Mr. Massoumi said. Goldman also manages some of ZocDoc’s finances, and can be expected to handle or at least advise them on any acquisitions ZocDoc might make in the future. Plus ZocDoc’s executives have personal friends at the firm, Mr. Massoumi said. (He and co-founder Dr. Oliver Kharraz used to be closer to that world–the two previously worked at the consulting firm McKinsey & Company, and continued to wear suits and ties after starting ZocDoc until a friend told them they looked too much “like consultants” to be entrepreneurs, which prompted them to hit the Gap.)
“We’re just really excited,” he said. “There is not a large healthcare institution domestically, perhaps internationally, that does not have a relationship with Goldman Sachs.”
Talks with Goldman started a few weeks ago, in a “mutual conversation,” after the DST investment, Mr. Massoumi said.
New York born, Y Combinator-bred Drchrono, a tablet app for doctors, just added another big name investor to its cap table. Russian billionaire Yuri Milner has invested $650,000.
As Adrianne Jeffries wrote about Drchrono when they raised $675,000 back in July:
Drchrono started in New York almost three years ago with the goal of bringing the same principles of good design that rule companies like Square and Mint to electronic medical records. After a stint in the Rose Tech Ventures incubator, founders Daniel Kivatinos and Michael Nusimow skipped coasts to join Y Combinator. “The alumni of YC is a really powerful network,” Mr. Kivatinos told Betabeat in May, and right he was: The start-up just raised a $675,000 seed round from a dazzling line-up of investors including General Catalyst, Charles River Ventures, 500 Startups, Gmail creator and FriendFeed co-founder Paul Buchheit, Google’s Principal Engineer Matt Cutts, and the Start Fund (made up of investments from Yuri Milner and SV Angel).
Mr. Milner must have liked what he was seeing, because he went back in for a double dip out of his personal account. Drchrono hopes to make an iPad as standard issue in a doctor’s waiting room a beat up clipboard and germ ridden copy of last August’s Cosmo.