On-demand requires special attention
Founding CEO of telemedicine provider Doctor on Demand Adam Jackson will be replaced by Hill Ferguson, a former PayPal executive, because the company needs “a leader with a different set of skills to execute an increasingly dual-pronged strategy of nurturing its direct-to-consumer business while rapidly expanding its number of enterprise customers.” Bottom Line: ~400 corporate customers and growing. Recall: Doctor on Demand has raised $86.75 million in venture funding from investors Sir Richard Branson, Andreessen Horowitz, Venrock (see below), and Google Ventures, to name a few. Off On a Tangent: speaking of on-demand, last year Palo Alto-based Filld has raised $3.25 million to make sure you’ll never have to pump your own gas again. Think: an app and a fleet of trucks that drive by and fill gas tanks for the average price of three nearby gas stations and a fee that ranges from $2 to $5. Competition: Purple, Yoshi, Joule Refuel. Bottom Line: who here hates going to gas stations? And it’s a good thing the North American Industry Classification System (NAICS) is up for review next year.