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. Together with his brother JJ Allaire, he co-founded Allaire Corporation in 1995. Allaire Corp. had a successful Initial public offering in January 1999 and was consequently acquired by competitor 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. Following a successful IPO during early 2012, Allaire stepped down as Brightcove CEO in 2013 and currently may serve as Chairman of the Board.
In October 2013, Allaire announced the launch of Circle, an online-based consumer finance company that aims to take the energy and advantages of digital money, including Bitcoin, to mainstream consumers.
Allaire was educated inside the Montessori tradition, which 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, using a concentration in economics. While at Macalester, his college roommate and high-school friend, who worked for your campus IT group, rigged a higher-speed Internet connection with their dorm room, which allowed Jeremy Allaire CEO to get into and experiment with the web in its beginning.
From 1990 until his graduation, Allaire became obsessive about the Internet and how it could be placed on transform existing systems of communications and media, as well as its influence on fundamental human rights, including free speech. Jeremy was a young follower in the Electronic Frontier Foundation, and later on recruited EFF founder Mitch Kapor for the board of directors of Allaire Corporation.
In 1992, Allaire authored a 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 access to IP services. This paper was sent to the Senate Subcommittee on Science and Technology, whose chair was Senator Al Gore.
In 1992 and 1993, using a college friend, Allaire developed a software called “World News Report” which aggregated news feeds and mailing list content from independent media sources available on the Internet, and provided a complete-text indexed browsable and searchable interface to access independent journalism on the Internet (built using Apple Hypercard).
Also whilst in college, 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 earlier 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, including the impact of the collapse of the Soviet Union, the increase of authoritarian capitalist regimes within the east, as well as the Balkan Wars.
Upon his graduation from Macalester, Allaire found that this Internet was “the central passion” in the life. In the fall of 1993, he launched a web-consulting firm, Global Internet Horizons, targeted at helping media publishers and marketers understand and make a presence on the nascent Internet.
During 1994-1996, Allaire collaborated with prominent American linguist and political activist, Noam Chomsky, and his awesome 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 from 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 along with his brother J.J. Allaire, along with a group of close college friends, founded their particular web company, Allaire Corporation, using $18,000 of J.J.’s savings. Allaire Corporation aimed to provide easy-to-use web design tools.
The brothers invented ColdFusion, a rapid web application development platform made to easily connect simple HTML pages to your database using its associated scripting language, ColdFusion Markup Language (CFML). ColdFusion was commonly used, and corporations including Myspace, Target, and Toys R Us (together with countless other websites) relied on the technology from Allaire to produce 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, one of many 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 Web Distributed Data Exchange (WDDX) in 1998, a wide open source format for making use of 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 US$360M in a deal that included cash and stock. Because of this acquisition, Jeremy Allaire became CTO of Macromedia.