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	<title>Brian Acton Archives - International Finance</title>
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		<title>WhatsApp co-founder Brian Acton leaving company to start his own foundation</title>
		<link>https://internationalfinance.com/business-leaders/whatsapp-co-founder-brian-acton-leaving-company-start-foundation/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=whatsapp-co-founder-brian-acton-leaving-company-start-foundation</link>
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		<dc:creator><![CDATA[Bharath Kumar]]></dc:creator>
		<pubDate>Wed, 13 Sep 2017 06:20:42 +0000</pubDate>
				<category><![CDATA[Business Leaders]]></category>
		<category><![CDATA[Brian Acton]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Jan Koum]]></category>
		<category><![CDATA[Mark Zuckerberg]]></category>
		<category><![CDATA[WhatsApp]]></category>
		<category><![CDATA[Yahoo]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=9428</guid>

					<description><![CDATA[<p>The Stanford alumnus co-founded the popular messaging app with Ukrainian immigrant Jan Koum in 2009</p>
<p>The post <a href="https://internationalfinance.com/business-leaders/whatsapp-co-founder-brian-acton-leaving-company-start-foundation/">WhatsApp co-founder Brian Acton leaving company to start his own foundation</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Brian Acton, who co-founded <a href="https://www.internationalfinance.com/news/whatsapp/">WhatsApp</a> along with Jan Koum in 2009, announced in a <strong><a href="https://www.internationalfinance.com/news/facebook">Facebook</a> </strong>post that he is leaving the company. He said that he plans to start a new chapter in his life and start a non-profit.</p>
<p>A Stanford alumnus, Acton co-founded WhatsApp with Ukrainian immigrant Jan Koum in 2009. The duo worked at Yahoo before starting WhatsApp.</p>
<p>Acton, who started at Facebook when WhatsApp was acquired for $19 billion in 2014, is the lesser-known of WhatsApp’s two co-founders. Ironically, Acton interviewed at Facebook back in 2009 after leaving a job at Yahoo, but he was not hired.</p>
<p>Acton led engineering internally for WhatsApp, and a source close to the company says he was a big advocate for WhatsApp’s push into encryption. His role won’t be filled by any one employee, according to a company spokesperson.</p>
<p><a href="https://internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271.jpg"><img fetchpriority="high" decoding="async" class="alignleft size-medium wp-image-9430" src="https://www.internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271-300x200.jpg" alt="" width="300" height="200" srcset="https://internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271-300x200.jpg 300w, https://internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271-1024x683.jpg 1024w, https://internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271-768x513.jpg 768w, https://internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271-480x320.jpg 480w, https://internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271-280x186.jpg 280w, https://internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271-960x641.jpg 960w, https://internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271-599x400.jpg 599w, https://internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271-585x390.jpg 585w, https://internationalfinance.com/wp-content/uploads/2017/09/iStock-474044271.jpg 899w" sizes="(max-width: 300px) 100vw, 300px" /></a>Acton announced the departure to colleagues at a WhatsApp all-hands meeting at Facebook headquarters on Tuesday, and posted the news to his Facebook page later that afternoon.</p>
<p>After 8 years at WhatsApp, I have decided to move on and start a new chapter in my life.</p>
<p>I am very fortunate at my age to have the flexibility to take new risks and focus on what I&#8217;m passionate about. I&#8217;ve decided to start a non-profit focused at the intersection of nonprofit, technology and communications. It&#8217;s something I&#8217;ve thought about for a while, and now it&#8217;s time to just focus and execute. I&#8217;ll have more to share in the coming months.</p>
<p>This decision is, of course, a tough one. I&#8217;m proud of what our team has accomplished in only a few years, and it&#8217;s humbling to see that so many people rely on WhatsApp every day.<br />
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<p><strong>About Brian Acton</strong></p>
<p>Brian Acton is an American computer programmer and Internet entrepreneur. He is the co-founder (with Jan Koum) of WhatsApp, a mobile messaging application which was acquired by Facebook Inc. in February 2014 for US$19 billion. He was formerly employed at <strong><a href="https://www.internationalfinance.com/news/yahoo/">Yahoo Inc</a></strong>.</p>
<p>In 1998, Jan Koum was hired by Yahoo as an infrastructure engineer. Shortly afterward he met Acton while working at Ernst &amp; Young as a security tester. Over the next nine years, they worked at Yahoo. Acton invested in the dotcom boom and lost millions in the dot-com bubble of 2000.</p>
<p>In 2014, Koum and Acton agreed to sell WhatsApp to Facebook for approximately $19 billion USD in cash and stock. Forbes estimates that Acton held over 20% stake in the company, making his net worth around $3.8 billion. According to Acton&#8217;s personal Twitter feed, he was turned down for employment by both Twitter and Facebook in 2009.</p>
<p>The post <a href="https://internationalfinance.com/business-leaders/whatsapp-co-founder-brian-acton-leaving-company-start-foundation/">WhatsApp co-founder Brian Acton leaving company to start his own foundation</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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