Doximity’s IPO Mints A New Healthcare Billionaire

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Jeff Tangney, cofounder and CEO of the ‘LinkedIn For Doctors,’ owns a 32.9% stake, bringing his net worth to $2.8 billion.

The explosion of social networking IPOs over the past decade—Facebook, LinkedIn, Snapchat and more—minted a new class of tech billionaires capitalizing on personal and professional connections through digital platforms. But the latest member of the club took a more targeted approach by developing a social network for the healthcare industry. That company, San Francisco, California-based Doximity, is often described as a “LinkedIn For Doctors.

The name Doximity is a combination of “doctors” and “proximity,” according to a note from Tangney and his cofounders Nate Gross and Shari Buck included in the. “We work to bring digital proximity to medicine through a secure, real-name platform accessible to any physician at any time on their smartphone,” the cofounders wrote in the letter. “In short, we strive to lessen the hassle of being a physician.

 

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