In February, it received $150 million through a debt-and-equity financing from investment firm Francisco Partners, on top of the $220 million in equity funding raised from other investors last year. 'Ed has directly seen the impact of having a correct business model for a company like ours, and since we now have that transition in the rearview mirror, we're very excied to keep building with him.' HomeAway, which was acquired by Expedia in 2015 and now exists as Vrbo, is to Airbnb what Zocdoc's old business model is to its new business model, Kharraz said. 'I've known Ed for over over a decade, and he's incredibly thoughtful, knowledgeable and resilient,' Kharraz told CFO Dive. A month later, it launched a program allowing medical providers to meet patients via the Zocdoc app.Īs a result of the company's model transition, it's grown 50% year-over-year without a significant cash spend, which Kharraz says 'really points towards us being able to grow much more aggressively with appropriate investments.' Last April, it began allowing consumers to book telehealth appointments. The pandemic prompted the permanent change to the new pricing model, Zocdoc founder and CEO Oliver Kharraz said. While at Morgan Stanley, Liu was on the investment committee of the in-house startup accelerator, Multicultural Innovation Lab. He also advised Red Hat on its $35 billion sale to IBM, the largest enterprise software transaction in history.

At Morgan Stanley, Liu provided counsel on hundreds of transactions for prominent internet and software companies, including Chewy, DraftKings, Etsy, Grubhub, Indeed, and Kayak.

Zocdoc new pricing model