ECONOMIC DRIVER


Sep 01, 2023

Zoë Barry’s fast track to dominating the business world.

interview by Bruce A. Percelay

photography by Kit Noble

Zoë Barry is the definition of a dynamite go-getter. From Wall Street to racetracks, the CEO and founder of Zingeroo continues to make an impact in more traditionally male-dominated industries. Here, Barry sits down to chat about the inspiration behind Zingeroo and acquired company ZappRx, thoughts on cryptocurrency and advice toward women looking to dominate the business world.


What is your Nantucket connection?


I grew up coming here. My parents and I and my other siblings would come in the summers. We would rent a house here usually at the end of August in the first two weeks of September.


Let’s talk about your entrepreneurial start. I assume you had this in you from childhood.


I always had a mischievous bounce in my step. One of my earliest entrepreneurship endeavors was when I really wanted a pet hamster. I didn’t understand how money worked, and so I asked my mom if I could clean the house like the cleaning lady did. And she said, “Absolutely not.” So I said, “Well, how am I supposed to make money and buy a hamster, then?” And so she came up with this idea for balloon animals, and my babysitter and I learned how to make balloon animals. For a week, she gave us $20 for seed money.


I learned about having a co-founder and business relationships. I learned about quality and different balloons and ones that popped versus [those that] didn’t. I learned about margin, which ones are more expensive versus less expensive. I learned about branding, because I was a seven-year-old kid selling balloon animals to other kids.

So let’s talk about ZappRx. That was your first serious venture. Explain the company and what motivated it.


I had a family member that got really sick and needed access to a very expensive medication. … It took my family member six months to get on this medication, at which point he was deteriorating rapidly. And he was at risk for an event so severe he would have spent the rest of his life in a wheelchair. It wasn’t until the insurance company said, “Well, oh, well, it’s gonna be really expensive to pay for a five-year-old to spend the rest of his life in a wheelchair, maybe we’ll just pay for the drug,” that they paid for the medication. And within a couple of months, he made just about a full recovery.


At that point I was an analyst for a hedge fund and started saying why. Why did we go through that? Why did it take six months? And then I started digging in. And what I realized was this was not an experience that was unique to me and my family. This was actually an issue in the market, and all this great stuff was happening in health care—electronic medical records, e-prescribing. I founded the company in 2012 before there was even a CVS or Walgreens app. We didn’t have prescript apps, and the most concise way I can describe it was Amazon Prime for $100,000 medications. Our goal was to get patients on paid therapy in 48 hours, not six months.

Zoë Barry represents part of the small percentage of women in car racing.

You then sold ZappRx and started another company called Zingeroo.


I had a very heated dinner table conversation with my brothers. We were debating movement in the stock market. They were economics majors at Stanford, but I actually worked on Wall Street. And I said, “Well, how do you think the stocks are going to play out?” I thought XYZ stock was going to do better; they thought ABC stock was going to do better. So I said, “Alright, I’m happy to take your money. Let’s open up some brokerage accounts and trade against each other. Let’s see who is the best investor.” I thought the retail investing experience was going to be like when I worked at the hedge fund. You were going to have benchmarking, you were all going to understand your performance relative to each other and you’re competing for a year-end bonus.


Turns out, investing on the retail side is like playing solitaire. It is you by yourself, you have no insights, no data. … I’m an athlete obsessed with data from a competitive standpoint. I was so frustrated by the experience that I decided to found a whole company around the idea of building a community, building real portfolios— not paper trading—and creating shared data. Share data on your portfolio—if you’re at the top of the leaderboard, you should get a bonus. And you can compete for a chance to win. This is geared at retail, and we went out and got a broker-dealer license, we built an app, we launched it, and then what we started to realize, particularly in the last couple of months as the Fed raised interest rates, is the market has changed and moved. Where this is really taking flight, where people are really, really interested, is not the sort of smaller account retail investor, but the much more sophisticated retail investor.

Let’s segue into the car racing world. How did you get started in motorsports?


A venture capitalist started hosting track day events. Golf and business are pretty well established, but for young founders and venture capitalists, founders like to go fast, and golf is too slow. So the venture capitalist started hosting track day events, and I got invited to every track day event. And then I started realizing I was being invited because I was a woman, not because they were serious about my startup. And that really annoyed me. So I took a look at what was happening. I’ve been an athlete at a big level. Why can’t I do this sport? I found Monticello Motor Club, bought a race car, signed up and took lessons. I started doing club racing. And now I don’t get invited to any track day events.


What kind of car do you race?


I run a Porsche GT4. It is my second year of racing at the national level.

How many other women are at the same level as you?


I was the only woman running in the Porsche sprint challenge last year. They have an East Coast and a West Coast. There’s one woman on the West Coast, and I was the only woman on the track in that. We’ve been getting podiums. So for IGT [International GT racing], I was on the podium, which means I got the hat with the laurels. … And they were very surprised by that. IGT was really happy to have a woman on the podium. At the sprint challenge, I won the Apex Award, which for every race they say who has the most passes, so I won that at COTA [Circuit of the Americas in Austin, Texas].

Latest Stories


By Antonia DePace 21 Nov, 2023
Islander Vivian Crosby wins Best New Filmmaker at the 2023 Nantucket Shorts Festival.
By Nantucket Magazine 21 Nov, 2023
Brittany Mayer and Peter Talieri tied the knot on Nantucket.
By Nantucket Magazine 21 Nov, 2023
Nantucket Shorts Festival
By Nantucket Magazine 21 Nov, 2023
The Scallopers Ball
By Nantucket Magazine 21 Nov, 2023
Late this summer, the 2023 Trashion Show took place at Cisco Brewery and was hosted by Holly Finigan and Rick Gifford. The annual event, which highlights fashion designs made of salvaged and recycled materials, celebrated its sixth year. Local and celebrity models strutted the runway to music by DJ Lay Z Boy in outfits themed around various materials like chip bags, ferry tickets, vape pens, hotel towels, mini alcohol bottles and more.
By Nantucket Magazine 21 Nov, 2023
Ticket holders for this year’s tnpONE, held October 5-8, gathered at the White Elephant. Kicking off the first day was a conversation with former First Lady Michelle Obama, who was interviewed by Neil Phillips. Jennifer Lawrence and Josh Graham Lynn chatted on stage earlier that day as well. With a schedule jam-packed with innovative films, fun music and inspirational panels, guests were given a well-rounded experience that tackled topics like race in America, the nation’s narrative, democracy, pluralism and philanthropy, and more to help bring political conversations together through bipartisanship with a hope of starting to mend the great divide that the world is experiencing now.
MORE STORIES
Share by: