Entrepreneur Profile: Matt Mullenweg Net Worth, Bio, Ventures
[toc]Matt Mullenweg is one of the major entrepreneur pioneers that have helped create the Internet that we use today. His most famous and successful development was WordPress, which is now ran by his WordPress association. About 18 percent of all websites have been designed using this software, as it allows just about anyone to create their own site. This is perhaps the reason that it became so popular in the first place and has continued to grow. Matt Mullenweg has also worked on several other projects during his time and is one of the wealthiest web entrepreneurs of our time.
Matt Mullenweg Net Worth
Matt Mullenweg currently has a net worth of 40 million dollars. This amount is determined through his company Automattic, his work with CNET, and his blogging software. It should be noted that Matt’s net worth has been steadily growing over the past few years and is expected to be increased as time goes on if his programs continue to grow in popularity.
Matt Mullenweg Biography
Being born on January 11, 1984, Matt Mullenweg grew up living in Texas. His early years had no influence on how he became interested in web design. In fact, in high school Matt didn’t pursue any computer design classes and was mostly interested in music and the visual arts. His high school years allowed him the opportunity to pick up the saxophone and gave him a musical outlet, but he never attempted a career in music. Matt Mullenweg first started college at the University of Houston where he was majoring in Political Science, which was his first interest in a career. He ended up dropping out from school in 2004 so that he could instead work towards getting a job at CNET Networks. Landing the job, he didn’t stay long and actually quit working there only a year later in 2005. This led Mullenweg to starting up the company known as Automattic, which was the business behind the creation that would later be known as WordPress and many other sites. Despite going to college to major in Political Science in 2004, Matt already had some interest in computer science and web design as he was already using b2/cafelog software in 2002 in order to enhance his photos. He mainly used this during his trip to Washington DC. He added in his own minor code to the software for just slight enhancements, such as creating cleaner permalinks. In January of 2003, a few months had passed since the development of b2 software stopped. It was during this time that Matt Mullenweg announced through his own personal blog that he would be forking the software to continue development. He wanted to bring it up to date with the current web standards of the Internet. Matt Mullenweg was soon contacted by his current partner in crime, Mike Little. Together, they began to work on the b2 software that would later create WordPress. During this time Mullenweg was just 19 years old and was still studying Political Science at the University of Houston. In April of 2004 Matt Mullenweg worked with a fellow creator of WordPress, Dougal Campbell, in order to design the Ping-O-Matic software. Basically, this software would alert search engines whenever a blog post was created, so that way a blog’s constant stream of information and content would constant help their search engine rankings and any new pages could immediately get indexed. Back in 2005 when Mullenweg had left CNET, it was due to the fact that he wanted to turn all of his focus onto the WordPress project, and to introduce his newest project known as Akismet. This was another program that was created for the use of bloggers. It was designed to stop spammers and track backing commenters. It would take the input of every user who was using the service in order to perform this intensive action. It was also this year that he first started his Automattic business that would hire people who worked on the original WordPress project to help further develop it and work on his other projects as well. In 2006, Matt Mullenweg managed to recruit one of the exectives of Yahoo, Toni Schneider. Schneider would act as the CEO of Automattic and would make the total number of people working there now five. They managed to raise 1.1 million dollars in funding during this year from investors such as CNET, True Ventures, Radar Partners, and a few other major companies at the time. In 2008 the company really began to shoot off as the raised 29.5 million dollars in funding in the month of January. This was due to a spurt of offers going through at once that had been backed up by several months. It was at this time that the company had now grown enough to have 18 employees. In 2009, people really began to see how big of a deal WordPress had become. WordPress not only managed to beat Google’s blogger service, but they smashed their closest competitor SixApart. It was often compared to the rivalry between MySpace and Facebook, and how Facebook suddenly took a enormous leap over MySpace and left it behind in the dust. It was later announced in 2012 that WordPress had been the source of powering 70 million different websites across the Internet. This allowed it to bring in 45 million dollars of revenue in a single year. The company had 106 employees at the time, and the most amount of employees it every had at once was only 118. Matt currently keeps his own personal blog where he talks about himself and his company. You can find it athttp://ma.tt/. It introduces itself with Matt’s personal favorite quote “I’m tired of hearing about who you’re checking for now. Just give it time, we’ll see who’s still around a decade from now.”
Ventures and Future Projects
Being an entrepreneur, you can expect that Matt Mullenweg always has something in the works for the future. In fact, he often talks about his future goals at his yearly WordCamp conference in which he shows people where he intends to go with his past programs, and what he may be introducing in the future. This year, Matt released some information about his newest plans that he will be coming out with before the end of 2014. First off, WordPress is going to get a lot of the company’s attention because it’s their biggest and largest project, and the whole reason that they are even on the map. The company plans on releasing a 3.6 format of WordPress that will have some design changes which could include new icons and switching things around. Automattic wants to make WordPress as easy and fluent as possible. Another purpose behind this update is to allow for blogs to support video and audio files with just a single line of text, making it easier to handle and use these types of files. Soon after you can expect the 3.7 version, which will just be an addon to the 3.6 format. The 3.7 patch is going to focus mostly on security and making people’s blogs and websites as secure from intrusion as possible. This will include services such as password enhancements, language packs, and auto updates. Even after 3.7 you can expect 3.8, which is the last patch currently being worked on. The goal of the 3.7 format is to make it easier for teams to work on a website or blog. Matt Mullenweg will be leading this project himself after his long break. This patch will also take some experimental risks with design and widgets, trying out new things and sticking their toes in the water of other areas. Matt Mullenweg also briefly mentioned that he may be looking into developing a blogging app. He has seen a shift in the way people blog that he feels could be better used in an app format over the typical blogging format. He announced that there will be a resource website supporting this project, but right now the URL only takes you to WordPress.com since it is still being worked on and isn’t yet completed. You can learn more about Matt and his life at http://www.inc.com/magazine/20090601/the-way-i-work-matt-mullenweg.html Share your interests and knowledge about Matt Mullenweg by commenting below!