Zynga’s Mark Pincus a Critical Figure in Upcoming IPO
YOUNG MONEY Staff
13 December 2011
Zynga chief executive officer Mark Pincus, unlike the heads of many young technology companies, is an experienced veteran of the technology sector, and even of the IPO market.
The 45-year-old Pincus first came to Silicon Valley in the mid-1990s at the forefront of the dot-com era. He founded two different online companies, one of which was ultimately sold and the other of which became a major investing force in the industry.
Even as he led these companies to substantial success, he also created tension within the companies, drawing the ire of his board of directors at one point. However, the experience offered Pincus experience in negotiating that secured him an investment in Zynga from Google and, eventually, the strong support of Facebook as a feature of the massive social networking platform.
Pincus' earlier experiences also left him with a drive to retain control of his company, however, and Reuters reports that a special class of stocks provide him with 37 percent of voting power in the company, roughly 70 times that of the common stock being sold at the company's upcoming IPO.
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