From a quick look at the S-1:
Pincus didn't found "Zynga". That was a name change in Nov 2010, as they were preparing the company to go public.
From Page 6 of the S-1:
Corporate Information
We were originally organized in April 2007 as a California limited liability company under the name Presidio Media LLC, and we converted to a Delaware corporation in October 2007. We changed our name to Zynga Inc. in November 2010.
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He sold about 8m shares for $110 million ($13+/share):
Page 123
Repurchases of Securities
The following table summarizes shares of our capital stock we repurchased from our executive officers and holders of more than 5% of our capital stock since January 1, 2008.
Mark Pincus 7,840,836 Class B Common $ 109,458,070 March 2011
plus:
To date, Mr. Pincus has sold an aggregate of 43,629,310 shares of our common stock at prices ranging from $0.42 to $13.96.
(He "paid" $.4 million for all his shares. The company has expensed that at $40,000 per year for 3 years.)
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Page 127
Mark Pincus and related entities(2) own
91,385,846 Class B Shares 16.0%
20,517,472 Class C Shares 100% (may have 10 votes per share) |
