CNBC June 27, 2021
Key Points
– Doximity co-founder and CEO Jeff Tangney owns a $2.9 billion stake in the company after its New York Stock Exchange debut this week.
– Tangney started the company in 2010 and, prior to the IPO, hadn’t raised outside capital since 2014.
– “I did resist some of the Silicon Valley wisdom of, you need to go big, you need to hire 40 more sales people and do all these things,” Tangney said.
Jeff Tangney launched his first health-tech start-up, Epocrates, in the middle of the dot-com bubble. While the company survived the crash and eventually went public, the endgame was a disappointing acquisition for less than $300 million.
By the time Tangney started his next venture, Doximity,...
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