He is best known for co-founding TheGlobe.com, an early social networking website, in 1994. TheGlobe.com went public in 1998 and made Paternot a millionaire at the age of 25. He has since gone on to invest in a variety of tech startups and venture capital funds. His current net worth is estimated to be around $20 million.
Stephan Paternot is a Swiss-American entrepreneur who has achieved great success in the tech industry. After graduating from Cornell University with degrees in Computer Science and Business, he co-founded TheGlobe.com, an early social networking website, in 1994. TheGlobe.com went public in 1998 and made Paternot a millionaire at the age of 25. Since then, he has invested in a variety of tech startups and venture capital funds, and his current net worth is estimated to be around $20 million.
Stephan Paternot is a member of CEOs
Age, Biography and Wiki
💰 Net worth: $20 Million (2024)
Some Stephan Paternot images
While at Cornell, he and another student, Todd Krizelman, became fascinated with internet chatrooms, and subsequently launched their own social networking service called theGlobe.com in 1994. Their startup went public in 1998, and posted the largest first day gain of any IPO ever to that point. A year later, the dot-com bubble burst, and the company's value plummeted. Paternot's stake went from being worth over $100 million to practically nothing. It has since been absorbed into a larger company, and no longer makes any money.
Stephan Paternot has gone on to serve as the member of Advisory Board at IC Compliance LLC, a member of the Advisors Board at LendingClub Corporation, on the Board of the Heineman Foundation, on the Board of the Heineman-Stiftung Foundation, and on the Board of the Independent Filmmaker Project IFP.org. He is also the founder of Actarus Funds which provides venture capital for emerging tech companies. It should also be noted that Stephan Paternot's family is extremely wealthy. His great grand-father founded Nestle and his father is a private equity investor who also served as the CEO for many years for one of the largest temp agencies in Europe.