Jeremy D. Allaire (born 13 May 1971) is an American-born technologist and Internet entrepreneur. He is currently CEO 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. had a successful Initial public offering in January 1999 and was subsequently 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 geared towards enabling rich applications delivered using Flash Player).
Allaire left Macromedia in February 2003 to join venture capital firm General Catalyst Partners as being a technologist and executive-in-residence. In 2004, Allaire founded Brightcove, an online 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 serves 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 within 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-school friend, who worked for your campus IT group, rigged a higher-speed Web connection with their dorm room, which allowed Email Jeremy Allaire to get into and test out the web in their early days.
From 1990 until his graduation, Allaire became enthusiastic about the web and how it could be put on transform existing systems of communications and media, as well as its effect on fundamental human rights, such as free speech. Jeremy was an early follower of the Electronic Frontier Foundation, and then recruited EFF founder Mitch Kapor to the board of directors of Allaire Corporation.
In 1992, Allaire authored an insurance policy proposal for the roll-out of a National Information Network, based on the National Research & Education Network (NREN, the precursor to the commercial Internet), proposing methods to commercialize use of IP services. This paper was sent to the Senate Subcommittee on Science and Technology, whose chair was Senator Al Gore.
In 1992 and 1993, with a college friend, Allaire developed an application called “World News Report” which aggregated news feeds and subscriber list content from independent media sources available on the Internet, and provided an entire-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, an earlier internet protocol for distributed communications.
While at Macalester, Allaire became more politically active, choosing a particular interest in U.S. foreign policy and global human rights issues, including the impact in the collapse from the Soviet Union, an upswing of authoritarian capitalist regimes in the east, and also the Balkan Wars.
Upon his graduation from Macalester, Allaire found that this Internet was “the central passion” in his life. Within the fall of 1993, he launched a web-consulting firm, Global Internet Horizons, aimed at helping media publishers and marketers understand and build a presence on the nascent World Wide Web.
During 1994-1996, Allaire collaborated with prominent American linguist and political activist, Noam Chomsky, and his wife Carol to produce the 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 this architecture from the Web could disrupt how software was built and distributed, transforming the browser from as being a document browsing system in to a full online operating-system for virtually any kind of software program.
In 1995, Jeremy and his awesome brother J.J. Allaire, plus a number of close college friends, founded their particular web company, Allaire Corporation, using $18,000 of J.J.’s savings. Allaire Corporation aimed to supply easy-to-use web development tools.
The brothers invented ColdFusion, a fast web application development platform designed to easily connect simple HTML pages to your database using its associated scripting language, ColdFusion Markup Language (CFML). ColdFusion was commonly used, and companies including Myspace, Target, and Toys R Us (in addition to millions of 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 in excess of 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 popular Windows HTML Editor on earth, and JRun, one of the galqfw and many widely adopted Java app servers.
Allaire also helped to pioneer foundational ideas in open distributed computing according to light-weight HTTP-based distributed objects. In particular, the company developed the net Distributed Data Exchange (WDDX) in 1998, a wide open source format for utilizing HTTP for easy 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 US$360M in a deal that included cash and stock. Due to this acquisition, Jeremy Allaire became CTO of Macromedia.