CareLinx Names Jason Nazar to Board of Directors

We are honored that successful entrepreneur and venture capitalist, Jason Nazar, has joined the CareLinx Board of Directors. Jason has personally experienced the difficulties of finding caregivers for a loved one. He is passionate about our mission to improve the accessibility of quality home care in the US and is committed to help accelerate our growth so that we can continue to help as many families and caregivers as possible. Press release: May 13, 2015 09:15 AM Eastern Daylight Time

SAN BRUNO, Calif.--(BUSINESS WIRE)--CareLinx Inc., a company specializing in home care for the elderly and the chronically ill, announced today that it has named Jason Lawrence Nazar, the co-founder and former CEO of Docstoc, to the company’s board of directors. “Jason has an impressive track record growing companies quickly and profitably, and his leadership skills are unparalleled. Equally important is his success raising and deploying capital responsibly and his commitment to ensure that investors earn a healthy return on their capital.” Docstoc, a repository of articles, videos, and productivity tools for small businesses, had over 40 million registered users when it was sold to Intuit in December 2013 for an undisclosed amount. What made Docstoc’s success especially impressive was that it was profitable for most of its six years as an independent company, having raised just $4 million in initial funding. In 2009, Nazar was named one of the “Most Admired CEOs in Los Angeles” by the LA Business Journal. Nazar also is the creator and host of Startups Uncensored, the longest running and most widely attended technology gathering in southern California, which regularly brings together thousands of entrepreneurs, technologists and investors. He previously was a partner in a Los Angeles venture capital firm where he advised dozens of start-up companies. Nazar holds a BA from University of California Santa Barbara and JD and MBA degrees from Pepperdine University. He was student body president of both universities. “Jason is one of the most sought after candidates to serve on the Boards of fast-growing entrepreneurial companies, and CareLinx’s management and investors take great pride that he is willing to lend his expertise and experience to ensure we are successful in our mission to safely and affordably keep America’s elderly in their homes,” said Sherwin Sheik, CareLinx’s founder and CEO. “Jason has an impressive track record growing companies quickly and profitably, and his leadership skills are unparalleled. Equally important is his success raising and deploying capital responsibly and his commitment to ensure that investors earn a healthy return on their capital.” Nazar said he agreed to serve on CareLinx’s Board because of the company’s mission, values, and its already formidable position in the marketplace. “I’ve known Sherwin for some 15 years and have long admired his integrity, intellect, and financial acumen,” Nazar said. “Having experienced first-hand the formidable challenges finding quality and affordable home care, I appreciate that CareLinx’s business success will also fill a valuable social need. It speaks volumes that Sherwin left a lucrative Wall Street career to build a company to solve many of the problems his family struggled with, when trying to find quality home care for his sister and uncle, and the fact that CareLinx’s initial funding came from family, friends, and former colleagues underscores the strong social bonds Sherwin maintains and the respect he commands. Though Sherwin possesses innumerable business skills, his character will ultimately be the critical driver of CareLinx’s success.” Sheik, a former Wall Street healthcare industry analyst, founded CareLinx in 2011 after his family struggled to find quality caregivers for his sister suffering from multiple sclerosis and an uncle with ALS. The company manages a national online marketplace linking families to carefully screened caregivers who match their needs and budget requirements. CareLinx allows families to reduce their caregiving costs by up to 50 percent compared to traditional home care agencies, and for its network of caregivers, the opportunity to significantly increase their take-home pay. Caregivers on the company's platform have passed a comprehensive background check and are covered with $1m professional liability insurance through Lloyd’s of London. About CareLinx Founded in 2011, CareLinx is a healthcare services provider focused on improving access to affordable, quality home care for the elderly and chronically ill. Through its nationwide professional caregiver marketplace, families can easily find, hire, manage and pay caregivers who match their needs and budget -- and caregivers who have passed CareLinx's comprehensive screening process can find care assignments that meet their hourly wage and scheduling preferences. More than just an online marketplace, CareLinx has a team of customer care representatives that works closely with each family and caregiver throughout the hiring process. Once a caregiver is retained, families and caregivers can easily manage administrative tasks, including invoicing, care coordination, payroll processing, and household employment taxes, through CareLinx. Family members can see all the tasks their caregiver is doing on a daily basis via the CareLinx platform, thus giving them piece of mind that their loved one is receiving quality care, regardless if they live across the country or are working full-time. The San Bruno, CA-based company currently works with families in the top 50 metropolitan areas across the United States and can be found online at www.carelinx.com and @CareLinx.