Tag Archive : Founder

/ Founder

KEY POINTS

  • Jan Koum founded Whatsapp in 2009
  • Facebook bought Whatsapp in 2014 for a $22 billion deal
  • Koum clashed with Facebook over data privacy concerns

Whatsapp founder Jan Koum is a multibillionaire. But when he was younger, no one imagined he would reach where he is right now. 

His rags to riches story started in Ukraine where life was so hard that his household did not have running water. When he was 16 years old, he moved to the U.S. with his family, per Business Insider. Life did not immediately improve, but the young Koum had to strive to survive. He finished books about computers when he was in high school. He worked for Ernst and Young after getting a degree at San Jose State University. It was at Ernst and Young where he met future Whatsapp co-founder Brian Acton, who was working for Yahoo at the time.

Koum

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John McAfee giving a speech on Aug. 16, 2016, in Beijing, China. McAfee has been arrested on tax evasion charges in Spain.

Visual China Group via Getty Images


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Visual China Group via Getty Images

John McAfee giving a speech on Aug. 16, 2016, in Beijing, China. McAfee has been arrested on tax evasion charges in Spain.

Visual China Group via Getty Images

Computer antivirus pioneer John McAfee tweeted last year he hadn’t filed a tax return in eight years.

It was okay, he explained. He was “done making money.” His “net income is negative.”

“Taxation is illegal,” he said.

Now McAfee has been arrested in Spain on tax evasion charges. The U.S. Justice Department has accused him of failing to file tax returns from 2014 to 2018 despite making millions, according to an indictment unsealed on Monday.

He allegedly made money from “promoting crypto-currencies, consulting work,

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John McAfee, a computer programmer best known for his anti-virus software, has been indicted on federal tax evasion charges after allegedly hiding assets from the IRS, including real property, a vehicle, and a yacht, the Department of Justice said Monday. McAfee, the founder of McAfee Associates, has been charged with tax evasion and willful failure to file tax returns, according to an unsealed June indictment following his arrest in Spain. Prosecutors allege McAfee earned millions of dollars from promoting cryptocurrencies, consulting, speaking engagements, and selling his life story for a documentary—but failed to file tax returns from 2014 and 2018. To avoid tax liability, McAfee allegedly directed his income to several bank accounts and cryptocurrency accounts and bought several items, including real estate, a yacht, and a car. The indictment, however, does not allege McAfee received any income from the anti-virus company he once founded.

The announcement comes just hours

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MEMPHIS, Tenn. (AP) — Antivirus software entrepreneur John McAfee has been charged with evading taxes after failing to report income made from promoting cryptocurrencies while he did consulting work, made speaking engagements and sold the rights to his life story for a documentary, prosecutors in Tennessee said Monday.

A June indictment charging McAfee with tax evasion and willful failure to file tax returns was unsealed in federal court in Memphis on Monday after McAfee’s arrest in Spain, where extradition to the U.S. is pending, the U.S. attorney’s office said in a news release.

Online court records do not show whether McAfee has a lawyer to speak on his behalf about the charges.

McAfee developed early internet security software and has been sought by authorities in the U.S. and Belize in the past.

The indictment said McAfee failed to file tax returns from 2014 to 2018, despite receiving “considerable income” from

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Welcome back to Human Capital, a weekly digest about diversity, inclusion and the human labor that powers tech.

This week, we’re looking at a number of topics because a lot went down. Coinbase CEO Brian Armstrong took a controversial stance on social, Clubhouse found itself under scrutiny again, but this time around anti-Semitism and a new site launched that sheds light on some of the negative experiences of underrepresented people in tech. Meanwhile, the founder from Ethel’s Club unveiled Somewhere Good, which aims to provide a safe social platform for people of color. The timing couldn’t be better.

Human Capital launches as a newsletter on Friday, October 23. Be sure to sign up here to get it sent straight to your inbox. 

Stay Woke

Coinbase CEO’s stance on societal issues stirs up controversy 

Over the weekend, Coinbase CEO Brian Armstrong said the company does not engage on border societal issues

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James Gosling, the father of Java, one of the world’s most widely used programming languages, has talked with research scientist Lex Fridman about Java’s origins and his motivations for creating a language that would be used on tens of billions of devices and become central to the development of Android at Google. 

Gosling designed Java 25 years ago while at Sun Microsystems. In 2009, Java would be one of the key reasons Oracle acquired Sun. According to Oracle, today there are 51 billion active Java Virtual Machines (JVMs) deployed globally. 

But long before Oracle’s acquisition of Sun, Gosling said he and a team at Sun “kind of worried that there was stuff going on in the universe of computing that the computing industry was missing out on” – what would become today’s Internet of Things.

“It was all about what was happening in terms of computing hardware, processors and networking

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Trevor Milton

Back in March, long before a short seller would raise questions about electric-truck company Nikola Corp. and hasten its founder’s exit, early investors in the company were expressing concerns of their own.

Those investors, led by mutual-fund giant Fidelity Investments, were worried that Trevor Milton, for all his brash visionary talk and Twitter braggadocio, lacked the ability that Elon Musk possesses to deliver these sorts of newfangled products to market. They lobbied successfully to remove him as CEO before the company’s June IPO and for Milton’s father to leave the board, according to people familiar with the matter. When the deal was done, Milton only held the title of chairman, the post he resigned this month.

The back-room negotiations show that Milton’s past was a concern to investors months before General Motors Co. executives placed a bet on the company in a $2 billion deal carved out after

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