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APR 05, 2013 - Business Insider

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John Doerr Is Coming To Zynga's Rescue (ZNGA)

Zynga, the online games maker, is appointing superstar venture capitalist John Doerr to its board of directors today. Doerr's firm, Kleiner Perkins, owns about 10 percent of Zynga, having backed it in its earliest days. It already has one partner, Bing Gordon, on Zynga's board. (He remains there, meaning Kleiner now has two seats.) Despite Zynga's stock crash since its 2011 IPO, Kleiner has made a mint on the company, roughly quadrupling its $65 million investment. It did not cash in at the company's IPO, instead betting that Zynga would pay off over the long term. That remains to be ... Read More

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