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. Along with his brother JJ Allaire, he co-founded Allaire Corporation in 1995. Allaire Corp. had a successful IPO 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 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. Following a successful IPO at the begining of 2012, Allaire stepped down as Brightcove CEO in 2013 and currently functions as Chairman from the Board.
In October 2013, Allaire announced the launch of Circle, an Internet-based consumer finance company that aims to bring the power and benefits associated with digital money, such as Bitcoin, to mainstream consumers.
Allaire was educated within the Montessori tradition, which 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 higher-speed Internet connection to their dorm room, which allowed Jeremy Allaire Website to gain access to and try out the Internet in their early days.
From 1990 until his graduation, Allaire became obsessed with the Internet and just how it can be applied to transform existing systems of communications and media, as well as the impact on fundamental human rights, such as free speech. Jeremy was an early follower from the Electronic Frontier Foundation, and then recruited EFF founder Mitch Kapor for 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 for the commercial Internet), proposing techniques to commercialize access to IP services. This paper was sent to the Senate Subcommittee on Technology and science, whose chair was Senator Al Gore.
In 1992 and 1993, having 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 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 created a decentralized communications and collaboration platform for Native American tribal schools inside 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 in the Soviet Union, an upswing of authoritarian capitalist regimes inside the east, as well as the Balkan Wars.
Upon his graduation from Macalester, Allaire found that this 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 build a presence on the nascent Web.
During 1994-1996, Allaire collaborated with prominent American linguist and political activist, Noam Chomsky, and his awesome wife Carol to produce the initial 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 as being a document browsing system in to a full online operating system for just about any kind of software program.
In 1995, Jeremy along with his brother J.J. Allaire, in addition to 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 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 widely used, and firms including Myspace, Target, and Toys R Us (in addition to 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 most widely adopted Java app servers.
Allaire also helped to pioneer foundational ideas in open distributed computing based on light-weight HTTP-based distributed objects. In particular, the company developed the Web Distributed Data Exchange (WDDX) in 1998, an 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 people$360M in a deal that included cash and stock. Due to this acquisition, Jeremy Allaire became CTO of Macromedia.