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What is Jason Calacanis’ Net Worth?
Jason Calacanis is an American entrepreneur, angel investor, podcaster and writer who has a net worth of $60 million. Jason Calacanis offered his first firm, Weblogs, Inc., to AOL in October 2005 for $30 million. He then went on to launch numerous internet companies, together with Silicon Alley Reporter and internet listing, Mahalo.com. Today he’s primarily an angel investor and podcaster. His greatest house run by far as a VC has been a really early funding in Uber. As we element later within the subsequent paragraph, on the day Uber went public Jason’s paper holdings have been price an estimated $124 million. As a podcaster Jason co-hosts each the “All-In Podcast” and “This Week in Startups Podcast.”
Uber Investment
Jason’s most profitable funding up to now BY FAR has been Uber. While working at Sequoia Capital in 2009 Jason was given the chance to take a position $25,000 into Uber when it was valued at $4 million. He was one of many first 15 traders within the firm. If he held onto his full stake, which he has indicated, after Uber’s IPO in May 2019 Jason’s shares have been price $124 million (on paper).
Early Life
Jason was born in Brooklyn, New York, on November 28, 1970. After graduating from Xaverian High School Jason Calacanis went on to Fordham University the place he majored in psychology.
Rising Tide Studios
Jason’s first job after college was as a tech reporter. At some level round this time he launched Rising Tide Studios, a publishing enterprise that handled on-line and print magazines. He was a significant a part of Silicon Alley in New York through the mid-90s and used his media background to publish the “Silicon Alley Reporter”. What began as a 16-page publication, rapidly grew into {a magazine} with practically 300 pages and a companion problem that targeted on the West Coast. At one level somebody provided to purchase his publication for $20 million. He declined.
Unfortunately the publication was destroyed within the wake of the bursting of the dot-com bubble. In the fast aftermath of the dotcom bubble’s explosion, Jason was left with a net worth of detrimental $10,000.
Weblogs, Inc.
In September 2003 Jason and co-founder Brian Alvey launched Weblogs, Inc., which they envisioned as a scalable running a blog platform for the lots. They launched with an angel funding from billionaire Mark Cuban.
Within simply two years, October 2005, AOL agreed to accumulate Weblogs, Inc. for $30 million.
(Photo by Duffy-Marie Arnoult/WireImage)
Netscape/Mahalo/Angel Investing
After promoting Weblogs, Jason turned the overall supervisor of early internet browser Netscape. He labored at Netscape till 2006 when he turned the Entrepreneur In Action on the Venture Capital agency Sequoia Capital.
He left Sequoia in 2007 after elevating $20 million to discovered search engine Mahalo.com. He launched Mahalo after elevating $20 million in VC funding from the likes of Sequoia, Mark Cuban and Elon Musk. Unfortunately for Jason, regardless of reaching 15 million guests per 30 days at one level, Mahalo was fully decimated by a Google algorithm replace in 2011. The firm was shuttered in 2014.
As an angel investor Calacanis has put cash into corporations similar to SignPost, Gowalla, ubermedia, Thumbtack and Uber.
(Photo by Stephen Osman/Los Angeles Times by way of Getty Images)
Podcasts
Since 2009, Jason has co-hosted a podcast referred to as “This Week in Startups.” Today it is without doubt one of the longest-running enterprise podcasts.
In 2022 Jason started co-hosting the “All-In Podcast” with fellow traders David Sacks, David Friedberg and Chamath Palihapitiya.
Elon Musk Texts
Jason earned a stage of infamy and dose of humiliation because of Elon Musk’s try to purchase Twitter. In September 2022 a cache of textual content messages and emails acquired by Elon associated to the Twitter deal have been made public in the middle of the lawsuit between Musk and Twitter. Jason popped up in Elon’s texts numerous instances.
For instance.
In April 2022 Jason despatched Elon a barrage of unsolicited recommendation together with a advice to chop Twitter’s worker headcount in half on “day zero.”
“Sharpen your blades boys. 2 day per week workplace requirement = 20% voluntary departures.“
In anther textual content, Jason pushed Elon attain out to YouTube star MrBeast, to pitch the creator on making content material for Twitter with 100% of advert income earned as much as $1 million, ignoring the truth that MrBeast makes exponentially greater than that on YouTube.
Jason accurately refereed to Twitter’s subscription providing, Twitter Blue, as “an insane piece of shit.“
Jason additionally nudged Elon to make him CEO of Twitter:
“Put me within the recreation coach! Twitter CEO is my dream job.“
In one other unsolicited textual content, Jason basically brainstormed direct message spam as a superb enterprise mannequin. Jason used Justin Bieber as an example his thought, although sadly autocorrect modified the title to “Justin Beaver”:
“Imagine we ask Justin Beaver to return again and let him DM his followers … he might promote 1m in merchandise or tickets immediately. Would be INSANE.“
Jason didn’t obtain replies to many of those messages. At one level nevertheless Elon did complain to Jason that he felt Jason was profiting from his friendship by selling his connection as a strategy to elevate cash from his angel funding circle. Elon texted:
“Morgan Stanley and Jared suppose you might be utilizing our friendship not in a great way. This makes it seem to be I’m determined. Please cease.”
All web worths are calculated utilizing knowledge drawn from public sources. When offered, we additionally incorporate non-public suggestions and suggestions acquired from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as doable, except in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button under.
