Amjad Masad is a Jordanian-American entrepreneur and engineer who founded Replit, a popular online platform for coding, in 2016.
Replit is known as the world’s leading online coding environment that allows people to code collaboratively.
Highlights
- Amjad Masad is a Jordan-born American entrepreneur and tech visionary.
- Amjad founded Replit, which is valued at $1.16 billion with more than 22 million developers.
- Previously, Masad worked with Yahoo, Facebook, and Codecademy.
Before founding Replit, Masad was a tech lead on the JavaSprit infrastructure team at Facebook.
The startup enthusiast has appeared on several podcasts and in magazines, including the Wall Street Journal, The 1000x Developer, This Week in Startups Podcast, and the ARK Invest podcast.
Amjad Masad’s Start-up Replit Valued $1.16 Billion After Funding Round In 2023
42 years old Startup leader Amjad was born in Jordan. He moved to New York City, United States, in 2011 and worked as a founding engineer at Codecademy.
During his time at Codecademy, the company raised $2.5 million in Series A funding in 2011 and $10 million in Series B funding in 2012.
Amjad left Codecademy in October 2013 and joined Facebook as a software engineer, where he received an annual pay cheque of about $189K.
In 2016, tech entrepreneur Masad started Replit as a small project with his co-founders.
CONFIG SPEAKER DROP: Amjad Masad
— Figma (@figma) May 15, 2023
That’s right, @amasad, founder of @replit will be joining us on the Config stage to talk about…
→ Democratizing software development for all
→ Using AI to meet the changing needs of developers
Register: https://t.co/MGJQ4Z5JWj pic.twitter.com/xCGMYIi03g
The company’s initial valuation is not widely publicized, although investments were made with close investors. Replit raised $1.5 million in funding in 2018, led by Andreessen Horowitz.
In 2020, in a Series B round, the start-up received $20 million from a previous investor.
Replit raised the company’s valuation to $80 million in the 2021 Series C, thanks to an investment from Coatue Management.
Furthermore, in 2022, Replit achieved unicorn status with a valuation of $1.16 billion.
According to the Replit Blog, the core investor for the startup is Andreessen Horowitz.
Other investors for Replit include Khosla Ventures, SV Angel, Y Combinator, Bloomberg Beta, Naval Ravikant, ARK Ventures, and Hamilton Helmer.
Although the precise information on Amjad Masad’s net worth is not available at the moment, it is evident that the CEO of a startup valued at $1.16 billion might have a net worth in the tens of millions of dollars.
Amjad Masad’s Journey To Startup Leader Started As A Junior IT Specialist
Tech visionary Amjad holds a bachelor’s degree in computer science. He is an honorary Princess Sumaya University of Technology graduate in Amman, Jordan.
For his high school studies, Masad went to Mashrek International School.
After high school, Replit CEO worked as an IT specialist and then as a web developer at Arcadia Software Development in Amman, Jordan.
Before joining the university for higher education, Amjad worked as a web developer at Wiki Kiwis and as a front-end developer at Untitled Labs.
I landed in the United States 10 years ago with nothing but credit card debt.
— Amjad Masad (@amasad) December 28, 2021
After one startup exit, one big tech job, and one unicorn, I genuinely believe that it wouldn't have been possible anywhere else in the world.
Here are 10 things I love about this country: pic.twitter.com/jOO4zkcCkC
The fascinating technology of computers inspired Masad to focus on founding his own software company in the future.
In his company profile, Replit CEO writes,
Understanding and potentially simulating the mind is what kept me interesting in computers as a kid
Amjad Masad
After gaining experience and expertise working at top software companies like Yahoo, Codecademy, and Facebook, Amjad founded his software startup, Replit, in 2016.
Now, Amjad’s company comprises 22.5 million developers from 200+ countries with 235 million projects, creating 25 billion monthly external visits.
Regarding his upcoming vision for the company, Amjad Masad says,
“We are relentless in our mission to empower a billion software developers. AI has already brought that future closer. We look forward to expanding our offerings for professional developers.”
Amjad Masad
Additional Information
- Amjad Masad is very interested in tradition and paleoanthropology and often makes statements about the modern world and human evolution.
- Some of his favorite movies include The Forbidden Planet, Brazil, and Colossus: The Forbin Project.
- In 2021, a controversial rumor spread across the internet that Replit used legal threats to annul an intern’s open-source project.
