Seattle startup 98point6 appoints Jeff Greenstein as permanent CEO following leadership shuffle

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Jeff Greenstein. (Photo via YIS Capital)

98 Point 6 Speaker Jeff Greenstein The company now has a permanent CEO after taking over interim leadership duties following the departure of the former CEO and co-founder Robbie Cape in September.

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Greenstein was named interim CEO after the board of Seattle-based 98point6 decided to oust Cape as CEO. At the time, the telemedicine company said it was looking for a new leader who could position the 6-year-old startup for its next phase of growth.

The man was Greenstein, a longtime Seattle business leader and philanthropist who a decade ago helped to plot to defraud the Internal Revenue Service and file false returns as part of a nearly $240 million tax. and served 38 months in prison for aiding. Shelter fraud.

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Greenstein founded the investment management firm Quelos Group in 1994 and sold it to BlackRock in 2007 for more than $1 billion. He now runs an investment firm called YIS Capital. He co-founded 98point6 with Cape in 2015, although his role was largely under the radar until this year.

Greenstein remains president of the company, which provides virtual primary care to more than 3 million patients in all 50 states. It has over 300 commercial contracts. The startup employs 369 people.

Before: Inside the shakeup at 98point6: Board members explain sudden CEO change at well-funded startup

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“Over the past several months, I have had the opportunity to work closely with the amazing team at 98Point6 and be impressed every day by the passion, commitment and dedication to improving people’s lives,” Greenstein said in a statement. “We are at a pivotal moment in history; a time that is managing us through a global pandemic and creating new technology to serve people when and where they need care. Through innovation and continuous improvement, I believe 98point6 will forever change the way people view primary care. I am extremely excited to have the company and feel honored to be working with a world-class group of professionals I am doing

The board’s decision to let Cape go surprised people in the Seattle startup community, in the health tech industry, and even inside the company, which raised $247 million and saw huge customer demand during the pandemic. reported increase. Cape also left the company’s board.

In a previous interview with GeekWire, board member Lisa Brummel said that “nothing was unfair” that led to Cape’s firing, emphasizing that helming a leader with different skills to a founding CEO. It is not unusual to be allowed to take.

Cape is a veteran of the Seattle tech scene. He co-founded family scheduling app Cozi with Time Inc. in 2014 before launching 98point6. and previously spent 12 years at Microsoft.

Earlier this week Cape said it was exploring potential new opportunities in agriculture and the environment.

“While I don’t know the ‘what’ yet, and certainly no ‘us’ yet, the ‘how’ begins with great people. Really, it’s *all* about the people,” Cape by A. written in linkedin post, “So once I decide what’s next, one of our first employees is likely to be the person who helps build the team and the culture.”

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