{"id":16346,"date":"2025-01-06T04:20:18","date_gmt":"2025-01-06T04:20:18","guid":{"rendered":"https:\/\/alertindianews.in\/?p=16346"},"modified":"2025-01-06T04:20:18","modified_gmt":"2025-01-06T04:20:18","slug":"vinay-hiremath-indian-origin-entrepreneur-who-sold-975-million-firm","status":"publish","type":"post","link":"https:\/\/alertindianews.in\/?p=16346","title":{"rendered":"Vinay Hiremath: Indian-Origin Entrepreneur Who Sold $975 Million Firm"},"content":{"rendered":"

Vinay Hiremath, the co-founder of Loom, sold his startup to Atlassian for $975 million in 2023. Since then, he has found himself grappling with a lack of purpose. In a blog titled “I Am Rich and Have No Idea What to Do With My Life<\/a>,” he shared his struggles, including declining a $60 million role, ending a relationship, and failed ventures in robotics and government reform.<\/p>\n

Now 33, Mr Hiremath is in Hawaii studying Physics, aiming to build a new company. He admits his next venture doesn’t need to match Loom’s success but hopes it is fulfilling.<\/p>\n

Who is Vinay Hiremath?<\/strong><\/p>\n

Born in 1991, Vinay Hiremath dropped out of the University of Illinois at Urbana-Champaign two years into the course. He transitioned from a small college town in Illinois to Palo Alto, California, to pursue his passion for startups.<\/p>\n

His first significant role was as a Software Engineer at Backplane, a well-funded Silicon Valley startup that focused on creating online communities. At Backplane, Mr Hiremath met Shahed Khan, an intern who later became his co-founder at Loom.<\/p>\n

Vinay Hiremath has funded startups, including Enterpret Company.<\/p>\n

He co-founded Loom with Shahed Khan and Joe Thomas in the early 2010s. Loom is a video-sharing platform that enables users to create and share short-form videos. It currently serves over 14 million users and 2 lakh businesses, according to Forbes<\/a>.<\/p>\n

In its early days, Loom was just two weeks away from running out of funds. Mr Hiremath maxed out his credit cards to keep the company afloat. As the co-founder and former CTO of Loom, he helped raise $200 million in funding, scaled the team from 0 to 250 employees, and grew the user base to over 30 million worldwide. Loom was acquired by Atlassian for $975 million in 2023.<\/p>\n

In 2018, he was named in the Forbes 30 under 30 list.<\/p>\n

\u200bVinay Hiremath, the co-founder of Loom, sold his startup to Atlassian for $975 million in 2023. Since then, he has found himself grappling with a lack of purpose.\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Vinay Hiremath, the co-founder of Loom, sold his startup to Atlassian for $975 million in 2023. Since then,<\/p>\n","protected":false},"author":0,"featured_media":16347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/01\/rc7s1a3o_vinay-hiremath-instagram-_625x300_06_January_25-yDwrBF.jpeg",1200,738,false],"thumbnail":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/01\/rc7s1a3o_vinay-hiremath-instagram-_625x300_06_January_25-yDwrBF-150x150.jpeg",150,150,true],"medium":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/01\/rc7s1a3o_vinay-hiremath-instagram-_625x300_06_January_25-yDwrBF-300x185.jpeg",300,185,true],"medium_large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/01\/rc7s1a3o_vinay-hiremath-instagram-_625x300_06_January_25-yDwrBF-768x472.jpeg",640,393,true],"large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/01\/rc7s1a3o_vinay-hiremath-instagram-_625x300_06_January_25-yDwrBF-1024x630.jpeg",640,394,true],"1536x1536":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/01\/rc7s1a3o_vinay-hiremath-instagram-_625x300_06_January_25-yDwrBF.jpeg",1200,738,false],"2048x2048":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/01\/rc7s1a3o_vinay-hiremath-instagram-_625x300_06_January_25-yDwrBF.jpeg",1200,738,false],"morenews-large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/01\/rc7s1a3o_vinay-hiremath-instagram-_625x300_06_January_25-yDwrBF-825x575.jpeg",825,575,true],"morenews-medium":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/01\/rc7s1a3o_vinay-hiremath-instagram-_625x300_06_January_25-yDwrBF-590x410.jpeg",590,410,true]},"author_info":{"display_name":"","author_link":"https:\/\/alertindianews.in\/?author=0"},"category_info":"Uncategorized<\/a>","tag_info":"Uncategorized","comment_count":"0","_links":{"self":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts\/16346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16346"}],"version-history":[{"count":0,"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts\/16346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/media\/16347"}],"wp:attachment":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}