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Mark Who? - Tech Tonic

Thursday, December 15, 2011 - 03:24

Mark Pincus. He's been called a control freak and a serial entrepreneur. As the red-hot IPO of online gaming company Zynga hits, it would be wise to get to know their CEO. Find out from Reuters' tech editor Peter Lauria, social media editor Anthony De Rosa and reporter Liana Baker.

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So an -- of -- tech IPOs we might have the hottest one -- CNET -- wildly popular social mobile gaming platform what we've -- to discuss right now is CEO mark I think it's because essentially. Based on the voting share structure that sentence and up. If you're investing in senior what you're really invested in his -- any case he's going to hold seventy votes to every normal shareholders one -- which gives him outside its control of the win this seventy number come from that's what I. So I think it just came from his fear happening venture capitalists take over his own company. He's a very got experiences in the past being ousted from a software company founded on the -- dot com now supports up. So he's skeptical of anyone being controlled by him so that's one thing you should note that. His colleagues say it's a bit of a control freak. Yes 37% voting shares in the company but only twelve or so percent equity -- so this is the guy calling the shots from here forward it's going to be very hard. To oust him or -- about power anyway it. How much power -- collected -- What Pincus seems to be saying with his voting structures I wanna -- public wanted recognition and the money that comes with that but I really don't want the hassle of dealing with shareholders and was it. Possible that he's just looking to cash out at this point in actually not selling shares at night Yemeni soldier before. That's one thing I spoke with one by fighter when it yesterday you said you -- that the CEO doesn't sound check at the edge of long term thing. Well then again how could he sell shares and yet if he's putting this 71 vote infection and -- and that's basically -- both sides. So I guess the question him on past Apple's anti theory is that sort of voting control that -- Pincus a liability from the perspective or an asset. So one thing you can argue it does that keep fronting it where it is today you found this note accompanying 2007 called Presidio media done then it means that after the stock Zynga. And now we have a company that attracted me billion dollars in revenue one of the fastest growing Silicon Valley companies used to so I think definitely fronting an awareness that that they that the. Or worried about is his personality the way it he's very driven in terms of pushing his employees. Almost a degree where there you know afraid of losing their jobs and that type of high pressure environment can be good and can be bad he could be good because that he's sort of squeezing the most out of his employees getting people worked very hard. At the same time he may have some. Really talented developers who may not be able to deal with that type of environment. And is he gonna lose somebody who could potentially make that next great team and their sort of getting to the point where they need to come up with some new ideas and games that they have. Are really attracting the same attention. He's a lot older than what you thinkers as sort of a stereotypical tech entrepreneur rightly or 4546. Seconds -- point seven. I'm so there there's there's that that issue what what he's been around for awhile. And has been at the forefront of a lot of these things but has is not really keen to pop culture recognition you know you see him -- -- And Vanity Fair treatment with that profile so lucky starting to get on the map but I think we'll definitely hear more about him like more doesn't get it the biggest public -- -- video game company so they -- -- You're thinking about investing -- him and -- we should learn all you can about it CEO mark Pincus because an investment in using it as an investment in him and his vision.

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Mark Who? - Tech Tonic

Thursday, December 15, 2011 - 03:24