Jeremy D. Allaire (born 13 May 1971) is an American-born technologist and Internet business owner. He is currently Chief executive officer and founder of the digital currency company Circle and Chairman of the Board of Brightcove. With his brother JJ Allaire, he co-founded Allaire Corporation in 1995. Allaire Corp. experienced a successful Initial public offering in January 1999 and was subsequently acquired by rival Macromedia in 2001. Allaire served as CTO of Macromedia following 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 join venture capital firm General Catalyst Partners being a technologist and executive-in-residence. In 2004, Allaire founded Brightcove, an internet video platform used by lots of top media and marketing organizations worldwide. Following a successful IPO in early 2012, Allaire stepped down as Brightcove CEO in 2013 and currently may serve as Chairman from the Board.
In October 2013, Allaire announced the launch of Circle, an Internet-based consumer finance company that aims to take the power and benefits of digital money, like Bitcoin, to mainstream consumers.
Allaire was educated in the Montessori tradition, that he says, “built into me 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, with 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 CEO to get into and try out the web in its early days.
From 1990 until his graduation, Allaire became obsessive about the Internet and exactly how it could be applied to transform existing systems of communications and media, as well as its impact on fundamental human rights, such as free speech. Jeremy was a young follower from the Electronic Frontier Foundation, and later on recruited EFF founder Mitch Kapor towards the board of directors of Allaire Corporation.
In 1992, Allaire authored an insurance policy proposal for the creation of a National Information Network, based on the National Research & Education Network (NREN, the precursor towards the commercial Internet), proposing ways to commercialize usage of IP services. This paper was published 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 email list content from independent media sources available on the Internet, and provided a complete-text indexed browsable and searchable interface to get into independent journalism on the Internet (built using Apple Hypercard).
Also whilst in college, Allaire created NativeNet, which developed a decentralized communications and collaboration platform for Native American tribal schools within the Midwest, built on top of UUCP, an early internet protocol for distributed communications.
While at Macalester, Allaire became more politically active, getting a particular interest in U.S. foreign policy and global human rights issues, like the impact from the collapse of the Soviet Union, an upswing of authoritarian capitalist regimes in the east, and the Balkan Wars.
Upon his graduation from Macalester, Allaire found that the Internet was “the central passion” within his life. Within the fall of 1993, he launched an Internet-consulting firm, Global Internet Horizons, targeted at helping media publishers and marketers understand and make a presence on the nascent World Wide Web.
During 1994-1996, Allaire collaborated with prominent American linguist and political activist, Noam Chomsky, along with his wife Carol to develop the first comprehensive online archive of his political works. Chomsky’s libertarian socialist and globalist views resonated with Allaire.
At the begining of 1994, Allaire became convinced that this architecture in the Web could disrupt how software was built and distributed, transforming the browser from being a document browsing system right into a full online os for any kind of software application.
In 1995, Jeremy and his awesome brother J.J. Allaire, in addition to a number of close college friends, founded their own web company, Allaire Corporation, using $18,000 of J.J.’s savings. Allaire Corporation aimed to offer easy-to-use website design tools.
The brothers invented ColdFusion, a fast web application development platform designed to easily connect simple HTML pages to a database using its associated scripting language, ColdFusion Markup Language (CFML). ColdFusion was popular, and companies including Myspace, Target, and Toys R Us (together with countless other websites) relied on the technology from Allaire to develop 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. Along with its flagship product ColdFusion, Allaire launched HomeSite, which became the most common Windows HTML Editor in the world, and JRun, among the galqfw and many widely adopted Java app servers.
Allaire also helped to pioneer foundational ideas in open distributed computing based on light-weight HTTP-based distributed objects. Particularly, the company developed the Web Distributed Data Exchange (WDDX) in 1998, an open source format for utilizing HTTP for simple remote procedure calls, a precursor towards 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. Due to this acquisition, Jeremy Allaire became CTO of Macromedia.