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 subsequently 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 being a technologist and executive-in-residence. In 2004, Allaire founded Brightcove, a web-based video platform used by many top media and marketing organizations worldwide. After a successful IPO in early 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, a web-based consumer finance company that aims to create the power and benefits associated with 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 that campus IT group, rigged a very high-speed Internet access to their dorm room, which allowed Jeremy Allaire CEO to access and test out the net in its early days.
From 1990 until his graduation, Allaire became obsessive about the web and just how it could be applied to transform existing systems of communications and media, as well as its influence 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 for the board of directors of Allaire Corporation.
In 1992, Allaire authored a policy proposal for the development of a National Information Network, based on the National Research & Education Network (NREN, the precursor to the commercial Internet), proposing methods to commercialize access to IP services. This paper was submitted to the Senate Subcommittee on Technology and science, 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 email list content from independent media sources available on the Internet, and provided an entire-text indexed browsable and searchable interface to access independent journalism on the Internet (built using Apple Hypercard).
Also when 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, such as the impact from the collapse from the Soviet Union, an upswing of authoritarian capitalist regimes inside the east, and also the Balkan Wars.
Upon his graduation from Macalester, Allaire found that the Internet was “the central passion” in his life. Within the fall of 1993, he launched an Internet-consulting firm, Global Internet Horizons, aimed 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 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 of the Web could disrupt how software was built and distributed, transforming the browser from being a document browsing system in to a full online operating system for just about any kind of software program.
In 1995, Jeremy and his 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 provide easy-to-use website design tools.
The brothers invented ColdFusion, a fast 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 corporations including Myspace, Target, and Toys R Us (along with 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 famous Windows HTML Editor on the planet, 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 net Distributed Data Exchange (WDDX) in 1998, an open source format for making use of HTTP for simple remote procedure calls, a precursor for 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 people$360M in a deal that included cash and stock. Because of this acquisition, Jeremy Allaire became CTO of Macromedia.