Zynga’s long-anticipated IPO is finally here…almost. The company filed its S-1 form today and plans to raise $1 billion, and it seems like a no-brainer. With 2010 revenue nearly five times that of 2009, not to mention the fact that it’s one of the few companies that have gone public so far this year that is actually profitable (with $90.6 million in net income in 2010), buying Zynga stock is an automatic win. Buy, buy, buy! (Note: I’m totally unqualified to dispense investment advice. Please don’t buy something because I tell you to.)
But as any VC will tell you, it’s not about the numbers—it’s about the team. You’re not investing in profits; you’re investing in people. So who are the people that make up the Zynga executive dream team?
For starters, you have 45-year-old CEO Mark Pincus. Don’t be fooled by his gamer wardrobe of hoodies and T-shirts. Dude has degrees from the Wharton School of Business at the University of Pennsylvania and Harvard Business School. Prior to joining the elite community of Web entrepreneurs, Pincus worked
One Harvard MBA and a stint as a manager of corporate development at Tele-Communications, Inc. (now AT&T Cable) later, Pincus launched his first startup, Freeloader, a Web-based push technology company that was snapped up only seven months later by Individual, Inc. for $38 million. His second company, a service and support automation provider, Support.com, went public in July 2000 and later changed its name to SupportSoft, Inc. In 2003, he founded social network Tribe, and in 2007, Cisco Systems bought the core technology to develop a social networking platform of its own. Zynga got its start that same year and was named after Pincus’ late bulldog, Zinga.
Also worth noting: Back in 2003, Pincus and LinkedIn co-founder Reid Hoffman purchased a social network “patent” from Sixdegrees for $700,000.
Next on the docket, you have the spry young Justin Waldron, co-founder and VP of Zynga, who dropped out of college at the University of Connecticut at just 19 to co-found the company. He started out as the lead engineer/pm for Zynga’s flagship game, Texas Hold’em Poker, and has since worked on a number of Zynga’s other game franchises. Now, at 23 (Jesus! He’s a baby!), Waldron is working at Zynga’s Tokyo studio to build up the company’s presence among Japanese social networks.
Separately, they’re just your every day major corporate executives/possible millionaires, but together, they make up the Zynga dream team!