Lawsuit reveals behind-the-scenes power struggle at health tech start-up Zocdoc

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Five years ago, Zocdoc was one of New York’s hottest tech companies. It raised venture funding at a $1.8 billion valuation, back when that was still rare, and seemed poised to become the industry standard for physician discovery and appointment scheduling. Fast forward: According to a lawsuit filed yesterday in the New York Supreme Court, there was a behind-the-scenes power struggle that co-founder and former CEO Cyrus Massoumi now refers to as a fraudulent “coup.” Since that time, Zocdoc hasn’t raised any VC funding, and investors Founders Fund and Khosla Ventures have relinquished their board seats.Background: Massoumi’s late 2015 departure was referred to in press reports as “relinquishing his day-to-day role,” with plans that he’d stick around as company chairman.It was a bit eyebrow-raising, given the company’s trajectory, but the company was already eight years old and Massoumi was to be succeeded by a fellow co-founder. In other words, it didn’t really make waves.What’s happening: Massoumi alleges in his lawsuit that company co-founders (Nick Ganju and Oliver Kharraz) and CFO (Netta Samroengraja) orchestrated a plot to oust him from the company, during a November 2015 board meeting.At the time, Massoumi claims Zocdoc was in the process of finding replacements …

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