![]() Tangney finally left in late 2009, a year before the eventual IPO and four years before Athenahealth bought the company for $293 million. Then came the financial crisis of 2008, and the company had to withdraw its prospectus. Tangney stuck around a bit longer, and tried to take Epocrates public. Fiedotin left a few years later, and Lee departed to start One Medical, a chain of primary care clinics that uses technology to improve the patient experience. In 2002, Epocrates was forced to cut a bunch of jobs, Tangney said. Then came the tech crash and the crisis from the 9/11 terrorist attacks. The venture capitalists told Tangney to hire like crazy, so he did. As mobile moved to BlackBerry devices and then to iPhones, Epocrates gained traction as a way for doctors to make decisions about prescriptions and patient safety while on the move. In 1998, they started what became Epocrates, and over the next two years raised about $40 million from some of Silicon Valley's top health investors. The three bonded over the intersection of tech and health care while on a teambuilding climbing trip for students in the program. Tangney and Fiedotin took that idea with them to Stanford Graduate School of Business, where they met another physician named Tom Lee. From their un-air-conditioned apartment, the pair came up with the idea of creating an app for the Palm Pilot, which had just hit the market, that would allow doctors to get critical information. Tangney's journey to Doximity started in the late 1990s while he was living in New York with a trained physician named Richard Fiedotin. "I did resist some of the Silicon Valley wisdom of, you need to go big, you need to hire 40 more salespeople and do all these things," Tangney, 48, said in an interview on Thursday, after ringing the bell at the NYSE. Tangney said that because Doximity is profitable it still hasn't touched the $50 million it raised seven years ago. Its last financing round in 2014 valued the company at under $400 million. Those are big numbers especially when you consider that, prior to this week, Doximity never showed up on a "unicorn" list of billion-dollar tech companies. On Thursday, Doximity debuted on the New York Stock Exchange, closing the week with a market cap of almost $10 billion after raising around $500 million in its IPO. as users, including over 80% of physicians. It now counts 1.8 million medical pros in the U.S. With Doximity, Tangney created a web service that's both a professional network - think LinkedIn for doctors - and a secure way for medical experts to communicate and share information with patients and colleagues. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Her personal wealth now stands at more than $66 billion as of Wednesday.Best Debt Consolidation Loans for Bad Credit Scott, who is now ranked 13th on the Billionaires Index, became one of the world's wealthiest women following her divorce when she received a 4% stake in Amazon, which gave her a $37 billion fortune. ![]() It's likely that Bezos' net worth would have hit the $200 billion milestone sooner if not for his divorce last year from MacKenzie Scott (who recently changed her last name). This surge in demand was behind Amazon's blowout second-quarter results, when revenue topped $88.9 billion and it reported better-than-expected profits despite spending billions of dollars on coronavirus-related investments. The coronavirus pandemic has helped fuel that growth, as consumers turned to online retailers for necessities like face masks and hand sanitizer, as well as ordering groceries. As of Wednesday, the company is worth more than $1.7 trillion, making it the second-most valuable company in the U.S., trailing only Apple. Personal Loans for 670 Credit Score or LowerĪmazon shares hit record highs in April on the back of unprecedented demand from consumers, and the stock has continued to rise, adding hundreds of billions to its market value and giving investors a gain of more than 86% this year so far. Best Debt Consolidation Loans for Bad Credit ![]()
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