Jeremy D. Allaire (born 13 May 1971) is an American-born technologist and Internet entrepreneur. He is currently Chief executive officer and founder of the digital currency company Circle and Chairman of the Board of Brightcove. Along with his brother JJ Allaire, he co-founded Allaire Corporation in 1995. Allaire Corp. enjoyed a successful IPO in January 1999 and was eventually acquired by rival Macromedia in 2001. Allaire served as CTO of Macromedia pursuing the acquisition and helped develop the Macromedia MX platform (a suite of software tools and servers targeted at enabling rich applications delivered using Flash Player).
Allaire left Macromedia in February 2003 to sign up for venture capital firm General Catalyst Partners as being a technologist and executive-in-residence. In 2004, Allaire founded Brightcove, an internet video platform used by many top media and marketing organizations worldwide. After having a successful IPO at the begining of 2012, Allaire stepped down as Brightcove CEO in 2013 and currently functions as Chairman in the Board.
In October 2013, Allaire announced the launch of Circle, an online-based consumer finance company that aims to create the energy and benefits of digital money, like Bitcoin, to mainstream consumers.
Allaire was educated in the Montessori tradition, that he says, “built into us a belief in self-direction, in independent thought, in peer collaboration, in responsibility.”
In 1993 Allaire graduated from Macalester College in St. Paul, Minnesota, where he received a double-major degree in political science and philosophy, having a concentration in economics. While at Macalester, his college roommate and high-school friend, who worked for your campus IT group, rigged a very high-speed Internet access to their dorm room, which allowed Jeremy Allaire Website to get into and test out the net in the beginning.
From 1990 until his graduation, Allaire became enthusiastic about the Internet and exactly how it could be placed on transform existing systems of communications and media, as well as the influence on fundamental human rights, including free speech. Jeremy was an earlier follower of the Electronic Frontier Foundation, and later recruited EFF founder Mitch Kapor to the board of directors of Allaire Corporation.
In 1992, Allaire authored an insurance plan proposal for the creation of a National Information Network, based on the National Research & Education Network (NREN, the precursor for the commercial Internet), proposing methods to commercialize use of IP services. This paper was submitted to the Senate Subcommittee on Science and Technology, whose chair was Senator Al Gore.
In 1992 and 1993, with a college friend, Allaire developed a software called “World News Report” which aggregated news feeds and subscriber list content from independent media sources available on the Internet, and provided a complete-text indexed browsable and searchable interface to gain access to independent journalism on the Internet (built using Apple Hypercard).
Also while in college, Allaire created NativeNet, which made a decentralized communications and collaboration platform for Native American tribal schools within the Midwest, built on top of UUCP, a young internet protocol for distributed communications.
While at Macalester, Allaire became more politically active, finding a particular interest in U.S. foreign policy and global human rights issues, including the impact from the collapse in the Soviet Union, the rise of authoritarian capitalist regimes in the east, and also the Balkan Wars.
Upon his graduation from Macalester, Allaire found the Internet was “the central passion” within his life. Inside the fall of 1993, he launched an Internet-consulting firm, Global Internet Horizons, geared towards helping media publishers and marketers understand and build a presence on the nascent Internet.
During 1994-1996, Allaire collaborated with prominent American linguist and political activist, Noam Chomsky, and his wife Carol to develop the very first comprehensive online archive of his political works. Chomsky’s libertarian socialist and globalist views resonated with Allaire.
In early 1994, Allaire became convinced that the architecture in the Web could disrupt how software was built and distributed, transforming the browser from becoming a document browsing system right into a full online operating system for any kind of software program.
In 1995, Jeremy and his awesome brother J.J. Allaire, plus a group of close college friends, founded their own web company, Allaire Corporation, using $18,000 of J.J.’s savings. Allaire Corporation aimed to supply easy-to-use website design tools.
The brothers invented ColdFusion, a rapid web application development platform created to easily connect simple HTML pages to a database using its associated scripting language, ColdFusion Markup Language (CFML). ColdFusion was commonly used, and companies including Myspace, Target, and Toys R Us (together with millions of other websites) relied on the technology from Allaire to build up their online properties.
Allaire Corp. grew rapidly, from just over $1M in revenue in 1996, to $120M in revenue in the year 2000, growing to over 700 employees and operating with offices throughout North America, Europe, Asia and Australia. As well as its flagship product ColdFusion, Allaire launched HomeSite, which became the most common Windows HTML Editor on the planet, and JRun, one of the galqfw and most widely adopted Java app servers.
Allaire also helped to pioneer foundational ideas in open distributed computing according to light-weight HTTP-based distributed objects. Particularly, the company developed the internet Distributed Data Exchange (WDDX) in 1998, a wide open source format for utilizing HTTP for easy remote procedure calls, a precursor to the adoption of REST and JSON for web software APIs.
Allaire Corp. had its IPO in January 1999 and was acquired by Macromedia in March 2001 for all of us$360M in a deal that included cash and stock. Because of this acquisition, Jeremy Allaire became CTO of Macromedia.