Venture-Backed Entrepreneur Joins Obama Administration
Todd Park, an entrepreneur well-known to Valley VCs, is the latest appointee to the Obama administration. The 36-year-old just accepted the role of CTO of the U.S. Department of Health and Human Services, working under former Kansas governor Kathleen Sebelius. Athenahealth, an online services company that handles the administrative headaches of running a physician's office, was founded by Park and the company's current CEO, Jonathan Bush -- George W.'s first cousin -- back in 1997. It went on to raise $49.6 million from Draper Fisher Jurvetson, Draper Richards, Oak Investment Partners, Venrock Associates, and other firms and individuals before going public in September 2007. Park, who now needs to divest his stock position in the company, stands to make about $45 million off his shares’ sale, according to the Boston Business Journal, which reports that as of April 15, Park
