Tag: Sean Parker

  • Sean Parker – Facebook’s First President and Co-Founder of Napster

    Sean Parker is an American entrepreneur who is known for co-founding a file-sharing computer service Napster and serving as the first president of Facebook. He also co-founded Plaxo (an online address book); Causes (a civic technology app and website for campaigning ); Airtime.com (a group video chat app for iOS); and Brigade (a civic technology platform).

    He is the Founder and Chairman of his philanthropic firm, the Parker Foundation. He ranked 380 on Forbes 400 (2022) and 1,096 on the Forbes 2022 list of the world’s billionaires with a net worth of $2.8 billion. Here is Sean Parker’s Biography, Personal Life, Education Professional life, Entrepreneurship, and Philanthropic life.

    Sean Parker – Biography

    Name Sean Parker
    Born December 3, 1979
    Birthplace Herndon, Virginia, U.S.
    Age 42
    Nationality American
    Education Oakton High School, Chantilly High School
    Profession Entrepreneur, Investor
    Position President of Facebook, Chairman of Parker Foundation, Managing Partner at The Founders Fund
    Founder at Parker Foundation
    Co-founder of Napster, Airtime, Causes, Brigade
    Net worth $2.8 billion (Forbes 2022)
    Board member of Spotify, Yammer
    Father Bruce Parker
    Mother Diane Parker
    Marital Status Married (2013)
    Spouse Alexandra Lenas
    Daughter Winter Victoria Parker
    Son Zephyr Emerson Parker

    Sean Parker – Personal Life
    Sean Parker – Education
    Sean Parker – Professional Life
    Sean Parker – Co-founder of Napster
    Sean Parker – Co-founder of Plaxo
    Sean Parker – Co-founder of Brigade Media
    Sean Parker – Philanthropist


    Sean Parker – Personal Life

    Sean Parker’s tip for success

    Sean was born to Diane and Bruce Parker, who was a U.S. government oceanographer and Chief Scientist at National Oceanic and Atmospheric Administration (NOAA). His mother, Diane Parker was a TV advertising broker.

    He likes programming and hacking since his early teens. Sean was once convicted because he tried to hack a network of a Fortune 500 company and FBI agents tracked the 16-year-old boy through his IP address. He was sentenced to community service owing to his juvenility.

    In 2013, he married Alexandra Lenas, who is a singer-songwriter. The couple has two children namely Winter Victoria Parker and Zephyr Emerson Parker.

    Sean Parker – Education

    Sean completed his formal education at Oakton High School, in Virginia and later at Chantilly High School. At school, he used to spend most of his time in the computer lab and practicing coding. Thus, he soon became a passionate programmer and used to intern at companies while studying in his high school.

    He used to write codes for startup companies. He worked as an intern for Mark Pincus for his startup FreeLoader. He further completed his graduation in 1998. The Central Intelligence Agency (CIA) recruited him after seeing his winning potential at the Virginia state computer science fair for developing a Web Crawler.


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    Sean Parker – Professional Life

    While studying in his senior year of high school, he earned more than $80,000 a year through internships and projects. He convinced his parents to let him skip college and pursue a career as an entrepreneur. He was an avid reader and believed in self-learning.

    He is also the managing partner at the Founders Fund, a venture capital fund founded by Peter Thiel. While working there, he invested in a Swedish streaming music service, Spotify to share Napster’s music legally. He also established a philanthropic firm named, Parker Foundation.


    Peter Thiel | Co-founder and Former CEO of PayPal | Founder of Thiel Foundation |
    Peter Thiel is a German-American entrepreneur and venture capitalist, a personwho makes investments in companies in exchange for an equity stake. He is the Co-founder of PayPal [https://www.startuptalky.com/paypal-success-story/], Palantir Technologies, and Founders Fund. He became Facebook’s fir…


    Sean Parker – Co-founder of Napster

    Napster Homepage
    Napster Homepage

    At age 15, Sean met a 14-year-old boy Shawn Fanning through the internet. Both of them fused over topics like theoretical physics and hacking. After two years, they founded Napster, a free file-sharing service for music.

    Sean raised $50,000 and launched it in June 1999. Napster had 10 million users within a year but it was opposed by the recording labels, the Recording Industry Association of America, the heavy metal band Metallica and a few others.

    Eventually, the lawsuits from several industries did not allow him to run Napster. However, Napster is considered the fastest-growing business of all time and it revolutionized the music industry. It is believed through some reports that Napster is an antecedent to iTunes.

    Sean Parker – Co-founder of Plaxo

    Plaxo Homepage
    Plaxo Homepage

    Sean Parker launched an online address book and social networking service, Plaxo in November 2002. It was initially a social networking tool, which would later influence the growth of companies like LinkedIn, Zynga, and Facebook.

    Plaxo grew with 20 million users and became the first-ever brand to use viral marketing in its launch. In 2004, he was driven out of the company’s financiers, Sequoia Capital and Ram Shriram. It is said that he exited by allegedly hiring private investigators to follow him.

    Sean Parker – Co-founder of Brigade Media

    Brigade Homepage
    Brigade Homepage

    Sean announced his new startup Brigade in April 2014. The platform was made with an aim of civic management, to counter a lack of political engagement and interest in all levels of government across America. He serves as the Chairman of the Brigade with an initial round of personal funding of $9.3 million. Brigade acquired an online platform for social impact and political activism, Causes in 2014.


    Sequoia Capital | American venture capital firm | Company Profile |
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    Sean Parker – Philanthropist

    Sean is an active Philanthropist and has assiduously donated to cancer research, global public health, and civic engagement. He even pledged $24 million to create the Sean N. Parker Center for Allergy Research at Stanford. He made a $10 million grant to create the Sean N. Parker Autoimmune Research Laboratory at UCSF.

    He established Parker Foundation and declared in June 2015 to contribute $600 million to launch the organization to approach large-scale challenges, including, insight, capital, science and technology, organization building, and public policy.

    He further donated $250 million to establish Parker Institute for Cancer Immunotherapy. He serves as a Board member of the Obama Foundation, Global Citizen, Parker Institute for Cancer Immunotherapy, Parker Foundation, and Museum of Contemporary Art, Los Angeles.


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    Conclusion

    Sean Parker is recognized as a genius and credits his college education to the establishment of Napster, through which he eventually became competent in intellectual property law, corporate finance, and entrepreneurship. He further co-founded ventures like Plaxo, Airtime, Brigade, and Causes. He was the first investor at Facebook and became its president after five years of its establishment.

    FAQs

    Who is Sean Parker?

    Sean Parker is an American entrepreneur who is known for co-founding Napster, a file-sharing computer service.

    Which companies has Sean Parker founded?

    Sean Parker also co-founded an online address book – Plaxo, an online campaigning platform – Causes, a group video chat app – Airtime.com, and a civic technology platform – Brigade Media.

    What was Sean Parker’s role on Facebook?

    He was the first president of Facebook. Sean Parker’s fortune stems from his brief tenure, at age 24, as Facebook’s president.

    Is Sean Parker still part of Facebook?

    After his brief stint as Facebook’s president, he returned to the music industry, investing early in Spotify and serving on its board until 2017. Parker began tinkering with a social network focused on politics in 2015 and has mainly focused his work on the political arena in the last few years.

    Where is Sean Parker now?

    Parker is now a venture capital investor and philanthropist. Parker’s interest in music led him to invest in Spotify in 2010. He left the Board of Directors in June 2017.

  • Top 12 Lesser Known Facts about Sean Parker (Founding President of Facebook)

    Born in Herndon, Virginia, a city, right outside Washington DC. On the 3rd of December 1979. The 41 years old is an American entrepreneur who made a fortune at the young age of 24, as a president at Facebook. Parker enjoys an expensive lifestyle. He has also come forward with his views opposing the tech giants’ algorithms for keeping us hooked in the drama-documentary the social dilemma. He is married to a singer, Alexandra Lenas, and has two children, Winter Victoria and Zephyr Emerson.

    Peter Thiel on Parker:

    “I’ve told Sean, he may be the long-lost grandson of Howard Hughes—a brilliant entrepreneur who is somehow transforming the United States and yet is not understood by society. Sean is one of the great serial entrepreneurs of his generation, someone who is really changing the world and turning the wheel of history.” – Peter Thiel

    Here are some not so very well-known facts about Sean Parker:

    Learning programming at a very young age
    Hacking as a teenager
    Co-founder of Napster
    Founding President at Facebook
    Stepping down from Facebook
    Founded Airtime with Shawn Fanning
    His wedding made headlines
    Bringing Spotify to life
    Bacchus House and Brody House
    The Social Networking Site: Plaxoo
    He rightly predicted the future of Facebook
    Chairperson of the Parker foundation
    FAQ

    Learning programming at a very young age

    He learned How to program while he was in second grade itself at the age of seven, by his dad on an Atari 800 computer. He was also an avid reader.

    Hacking as a teenager

    At the age of 14, when computers were gaining popularity around the 1990s, he became part of the underground community of cybercriminals. He left college for Silicon, met Shawn Fanning on a portal, and that led to the creation of Napster.

    Hacking as a teenager. He was sentenced to community service when tracked by the FBI using his ISP as he was a minor. Sean Parker was just a teenager when he could hack into universities as well as companies.

    Co-founder of Napster

    He co-founded Napster with Shawn Fanning in 1999, at the age of 19. Napster was a file-sharing service, one of the fastest-growing as well as the most controversial businesses. Though it was not entirely legal, it changed the industry of music with how the globe consumes music. By the way, Napster did shut down eventually after several lawsuits were filed. With the downfall of Napster came a social networking site.

    Founding President at Facebook

    Sean Parker with Mark Zuckerberg
    Sean Parker with Mark Zuckerberg

    In 2004, he played an important role in designing, transitioning, and investing in the site’s early developing stages. He worked with Mark Zuckerberg and was his crucial mentor. He made his fortune at the age of 24 in billions as he owned the cache stocks in the Facebook. When Sean found out about the Facebook, he saw potential in its closely-knit community for college students. He got the co-founder of PayPal to invest in the Facebook, as it was formerly known. He believed in the potential of the site more than Zuckerberg, claiming it was the next big thing.

    Stepping down from Facebook

    For his partying habits, that did not remain a secret. Allegations were made, and Sean Parker was arrested a year later for allegedly possessing cocaine. No official charges were filed, but that meant saying goodbye to Facebook for Sean.


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    Founded Airtime with Shawn Fanning

    Airtime
    Airtime

    Partnering up with Shawn Fanning yet again in 2012. They launched a group video chat app which was similar to chat roulette. This service app was a flop. Their app Airtime was relaunched later in 2016 on both the platforms iOS and Android.

    His wedding made headlines

    In 2013 Sean married singer, Alexandra Lenas in a forest. It got everyone’s attention in the media. In the lavish wedding where he had over 364 guests, all of their clothes were designed by Ngila Dickson; she is costume designer for Lord of the Rings, with a nine feet tall wedding cake and a three-day wedding ceremony. Plus, he donated $1.5 million to the ancient redwood forest. The cost of the wedding was approximately $10 million.

    Bringing Spotify to life

    Sean Parker with Spotify Founder - Daniel Ek
    Sean Parker with Spotify Founder – Daniel Ek

    Around 2006-2014, Sean was a managing partner at Theils Founder Funds. His interest in music led him to invest in Spotify. He served on Spotify’s company’s board until the year 2017 and played a major role in successfully bringing it to the market in US.


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    Bacchus House and Brody House

    He paid a whopping $20 million for Bacchus House, NYC west village, which is known for its party-animal past in 2010. In 2010, Sean Parker bought Ellen DeGeneres Brody House for $55 million in Los Angeles. This property, among the others that he owns, is a nine-bedroom containing various pieces forming Parker’s Art collection. The house has a very clean, spacious and minimalistic look to it.

    The Social Networking Site: Plaxoo

    In 2009 Sean Parker launched Plaxo. Plaxo was a contact management startup. This website, too, was unfortunately shut down in 2017. After running for fifteen years of helping the people enrich their address books. Before shutting down the website, the website let its existing users download their data.

    Sean Parker rightly predicted the future of Facebook

    Four years ago. Back in the interview with Bloomberg Quicktake, he hinted at what might be ahead for Facebook and the next big thing and what it could end up owning in the future. Not only Sean Parker is well-read, but also has nuanced opinions on ranging topics apart from the tech industry.

    Chairperson of the Parker foundation

    He had mentioned back then that Life sciences was the next big thing for him. As a child, Sean would get asthma attacks which at times landed him in the hospitals Now is also a philanthropist, the head of the Parker foundation, and also donates to political candidates. With the key focus areas being life sciences, public health, civic engagement, and Art.

    Even after failing multiple times, Sean has never stopped himself from doing the next big thing.


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    FAQ

    What is the net worth of Sean Parker?

    The net worth of Sean Parker is 280 crores USD as of 2021.

    What was the cost of Sean Parker’s Wedding

    The cost of Sean Parker’s Wedding was approximately $10 million.

    Who is the wife of Sean Parker?

    Alexandra Lenas is the wife of Sean Parker.