28 Facts About Jeremy Allaire

Jeremy D Allaire was born on 13 May 1971 and is an American technologist and Internet entrepreneur.

Jeremy Allaire is CEO and founder of the digital currency company Circle and chairman of the board of Brightcove.

Jeremy Allaire served as CTO of Macromedia after the acquisition and helped develop the Macromedia MX platform.

Jeremy Allaire left Macromedia in February 2003 to join venture capital firm General Catalyst as a technologist and executive-in-residence.

In 2004, Jeremy Allaire founded Brightcove, an online video platform used by many media and marketing organizations worldwide.

In October 2013, Jeremy Allaire announced the launch of Circle, an Internet-based consumer finance company that aims to bring the power and benefits of digital money, such as Bitcoin, to mainstream consumers.

Jeremy Allaire was educated in the Montessori tradition, which he says "built into me a belief in self-direction, in independent thought, in peer collaboration, in responsibility".

In 1993, Jeremy Allaire graduated from Macalester College with a degree in political science and philosophy, with a concentration in economics.

From 1990 until his graduation, Jeremy Allaire became obsessed with the Internet and how it could be applied to transform systems of communications and media, as well as its impact on fundamental human rights, such as free speech.

Jeremy Allaire was an early follower of the Electronic Frontier Foundation, and later recruited EFF founder Mitch Kapor to the board of directors of Allaire Corporation.

In 1992 and 1993, with a college friend, Jeremy Allaire developed an application called "World News Report" that aggregated news feeds and mailing list content from independent media sources on the Internet, and provided a full-text indexed browsable and searchable interface to access independent journalism on the Internet, using Apple Hypercard.

Also while in college, Jeremy Allaire created NativeNet, which created a decentralized communications and collaboration platform for Native American tribal schools in the Midwest, built on top of UUCP, an early internet protocol for distributed communications.

At Macalester, Jeremy Allaire became more politically active, finding a particular interest in US foreign policy and global human rights issues, including the impact of the collapse of the Soviet Union, the rise of authoritarian capitalist regimes in the east, and the Balkan Wars.

In early 1994, Jeremy Allaire became convinced that the architecture of the Web could disrupt how software was built and distributed, transforming the browser from a document browsing system into a full online operating system for any kind of software application.

Jeremy Allaire Corporation grew rapidly, from just over $1 million in revenue in 1996 to $120 million in revenue in 2000, growing to over 700 employees with offices in North America, Europe, Asia and Australia.

Jeremy Allaire helped to pioneer foundational ideas in open distributed computing based on lightweight HTTP-based distributed objects.

Jeremy Allaire Corporation had its IPO in January 1999 and was acquired by Macromedia in March 2001 for $360 million in a deal that included cash and stock.

Jeremy Allaire started an internal product project at Macromedia code-named "Vista" that enabled easy browser-based capture, upload and publishing of video into any website, blog or instant message.

When Macromedia decided not to pursue the project, Jeremy Allaire left the company.

In February 2003, Jeremy Allaire became technologist and executive-in-residence at the venture capital firm General Catalyst Partners.

At General Catalyst, Jeremy Allaire began to incubate Brightcove, which was originally operating under stealth as Video Marketplace, Inc.

In 2004, Jeremy Allaire founded Brightcove, an online video platform that distributes video content across devices.

Jeremy Allaire stepped down as Brightcove's CEO in the second quarter of 2013 to serve as chairman of the board.

In October 2013, Jeremy Allaire launched Circle, a digital currency company that aims to bring digital money like Bitcoin to the mainstream, with $9 million in Series A funding from Jim Breyer, Accel Partners, and General Catalyst Partners.

Jeremy Allaire simultaneously announced the release of its product to a limited audience.

Jeremy Allaire has said of Circle and Bitcoin, "We want to make this as easy to use as Gmail, Skype, and other consumer services on the Internet today".

Jeremy Allaire has received over $135 million in venture capital from four rounds of investments from 2013 to 2016, including $50 million led by Goldman Sachs.

In July 2021, Jeremy Allaire announced that Circle would go public in a $4.5 billion SPAC merger.