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He said they were underperformers and that searches for their replacements had been underway.īut the defendants and Zocdoc said the company was in a tailspin when Massoumi was removed. Massoumi said in a lawsuit filed last month that his cofounders Nikhil "Nick" Ganju and Oliver Kharraz and then-CFO Netta Samroengraja misled him about the agenda of a 2015 board meeting and removed him before he could exercise stock options that would have given him control of the company. The company said on Wednesday that its revenue and EBITDA profitability metrics in recent years meant it was no longer reliant on outside funding to expand. Massoumi has said the company was unable to raise further equity funding and had to borrow money instead. The company had attained unicorn status when it raised money at a $1 billion-plus valuation, which was its most recent funding round. In a Tuesday court filing and a Wednesday blog post, the company and three employees that were sued said Massoumi was fired for "repeated unprofessional conduct and extremely poor business judgment." The company said revenue growth slowed to 1% monthly by October 2015, just before Massoumi was fired, and business and cultural problems were emerging.īusiness Insider reported in 2015 that former employees described a "frat house" atmosphere at Zocdoc, and the company linked to that story in its blog post on Wednesday. Zocdoc and three of its executives and directors have fired back at a lawsuit by co-founder and former CEO Cyrus Massoumi that accused them of forcing him out of the company and running it into the ground, saying he was mismanaging the business and employees wanted him out.

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A spokesman for Massoumi said Zocdoc was inventing a "new mythology" around its business and called its legal arguments "flimsy.".

They also alleged Massoumi used confidential company information to file a lawsuit in New York because it would be thrown out in Delaware, where it belongs.

The company said its board's move against Massoumi had widespread support among employees.

The targets of his lawsuit fired back, saying the company's revenue had plateaued under Massoumi's leadership and it was losing sales staff faster than it could hire them.Cyrus Massoumi said in a lawsuit filed last month that a group of executives and directors misled him about the purpose of a 2015 board meeting, sprung a trap, and pushed him out.Account icon An icon in the shape of a person's head and shoulders.