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 IPO in January 1999 and was eventually 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 aimed at enabling rich applications delivered using Flash Player).
Allaire left Macromedia in February 2003 to sign up with venture capital firm General Catalyst Partners as 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 serves as Chairman of the Board.
In October 2013, Allaire announced the launch of Circle, an online-based consumer finance company that aims to bring the energy and advantages of digital money, like Bitcoin, to mainstream consumers.
Allaire was educated within 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 the campus IT group, rigged a high-speed Internet connection for their dorm room, which allowed Jeremy Allaire Website to access and experiment with the net in the beginning.
From 1990 until his graduation, Allaire became obsessive about the web and how it can be applied to transform existing systems of communications and media, as well as its effect on fundamental human rights, including free speech. Jeremy was an early 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 a 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 ways 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 a software called “World News Report” which aggregated news feeds and subscriber list content from independent media sources available on the Internet, and provided a full-text indexed browsable and searchable interface to gain access to independent journalism on the Internet (built using Apple Hypercard).
Also when in college, Allaire created NativeNet, which made a decentralized communications and collaboration platform for Native American tribal schools inside the Midwest, built on top of UUCP, a young 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 from the collapse of the Soviet Union, the increase of authoritarian capitalist regimes inside the east, and the Balkan Wars.
Upon his graduation from Macalester, Allaire found that this Internet was “the central passion” in the life. Within the fall of 1993, he launched an online-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, along with his wife Carol to build up the first comprehensive online archive of his political works. Chomsky’s libertarian socialist and globalist views resonated with Allaire.
During 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, in addition to a selection 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 web 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 popular, and firms including Myspace, Target, and Toys R Us (in addition to millions of 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 during 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 a lot 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 simple 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. Due to this acquisition, Jeremy Allaire became CTO of Macromedia.