Wikipedia

Wayne Chang

Wayne Chang (born August 3, 1983) is an American entrepreneur, angel investor, film producer, and philanthropist. He is best known for founding Crashlytics, a startup acquired by Twitter in 2013. He is also known for creating a filesharing network called i2hub, making various seed investments, and his lawsuit against the Winklevoss brothers.

Wayne Chang
Born (1983-08-03) August 3, 1983 (age 41)
Taipei, Taiwan
NationalityAmerican
EducationUniversity of Massachusetts Amherst (BA)
Occupations
  • Entrepreneur
  • Startup Founder
  • Angel Investor
  • Film Producer
  • Philanthropist
Years active1991–present
Known forStartups
AwardsHonorary PhD[1]
40 under 40
Websitewww.chang.com

Early life

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Chang was born in Taipei, Taiwan, and grew up extremely poor on a farm in rural Taiwan. He immigrated to the United States at age 6, still short of cash. He wrote his first software program on the Apple IIe at age 7. While attending a high school in Haverhill, Massachusetts, he was involved with Napster, the first peer-to-peer filesharing platform. In 2005, Newsweek profiled Chang for his abilities in technology.[2][3]

Education

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Chang attended University of Massachusetts Amherst for his undergraduate degree..[4]

In 2003 and 2004, i2hub, created by Wayne in his UMass dorm, became his primary focus. With rapid growth and competition from Facebook, his business overtook academics. He wrote his first program at 7, started a tech business at 11, and joined Napster at 16.[5]

He dropped out of UMass and went on to invest in and work for more than 40 internet startups, including DraftKings and JetSmarker.[6]

In 2016, Chang was awarded an honorary doctorate by University of Massachusetts Amherst. He was also the featured Commencement Speaker for the 2016 graduating class.[7]

Career

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Digits

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Chang co-founded Digits with previous Crashlytics co-founder Jeff Seibert in 2018. Digits is developing advanced, real-time technology for businesses. In November 2019, Digits announced a $10.5 million Series A from Benchmark and 72 angels including Aaron Levie, Ali Rowghani, Anthony Noto, April Underwood, Brian Lee (entrepreneur), David Cancel, Dick Costolo, Jeff Orlowski, Jordan Fliegel, Justin Kan, Katie Jacobs Stanton, Katrina Lake, Kimber Lockhart, Michelle Dipp, Nat Friedman, and Sean Christie.[8] In April 2020 Digits announced it had raised $22 million Series B from GV and Benchmark.[9]

Crashlytics

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Chang co-founded Crashlytics, a mobile company building crash reporting for iOS and Android, with Jeff Seibert in 2011.[10][11][12][13][14]

In January 2013, Twitter acquired Crashlytics.[15] He also served as Director of Product Strategy for Twitter. [5][16][17][18]

i2hub

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Chang created i2hub in his dorm room at the University of Massachusetts Amherst. He had started it in February 2003 for a month but shut it down due to its unpopularity. He then restarted it in March 2004, when he was better prepared for the traffic.[2][19][20] Traction was low compared to i2hub, and Facebook ultimately shut it down.[21][22]

Due to legal pressure, on November 14, 2005, i2hub was shut down.[23][24][25]

Facebook, ConnectU, and Winklevoss lawsuits

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On December 21, 2009, Chang and The i2hub Organization launched a lawsuit against ConnectU and its founders, seeking 50% of the settlement. The complaint says, "The Winklevosses and Howard Winklevoss filed [a] patent application, U.S. Patent Application No. 20060212395, on or around March 15, 2005, but did not list Chang as a co-inventor." It also states, "Through this litigation, Chang asserts his ownership interest in The Winklevoss Chang Group and ConnectU, including the settlement proceeds."[22] Lee Gesmer of the firm Gesmer Updegrove posted the detailed 33-page complaint online.[21][26]

On May 13, 2011, it was reported that Judge Peter Lauriat made a ruling against the Winklevosses. The Winklevosses had argued that the court lacks jurisdiction because the settlement with Facebook has not been distributed and therefore Chang hasn't suffered any injury. Chang alleges that he has received nothing in return for the substantial benefits he provided to ConnectU, including the value of his work, as well as i2hub's users and goodwill." Lauriat also wrote that, although Chang's claims to the settlement are "too speculative to confer standing, his claims with respect to an ownership in ConnectU are not. They constitute an injury separate and distinct from his possible share of the settlement proceeds. The court concludes that Chang has pled sufficient facts to confer standing with respect to his claims against the Winklevoss defendants."[27][28][29][30][31][32][33][34] A settlement was reached where Facebook acquired ConnectU for 1,253,326 shares of Facebook stock and an additional $20 million in cash.[35][36][37][38]

Fabric

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At Fabric, Chang co-founded and developed a mobile development platform that included a modular, cross-platform development suite with unified SDKs for iOS, Android, JavaScript, and C++. Within two years, the platform scaled to 2 billion active devices and served 225,000 developers.[39]

Films

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Wicked Magic Productions

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In 2017, Wayne Chang teamed up with Paul English (co-founder Kayak, sold to Priceline for ~$2 billion) to start Wicked Magic Productions. Their first movie together is Dear Dictator, a film starring Katie Holmes, Michael Caine, Jason Biggs, Seth Green and Odeya Rush.[40]

Chasing Coral

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Chang is also an Associate Producer for award-winning climate change documentary Chasing Coral,[41] which won an award at Sundance Film Festival in 2017.[42][43] Netflix announced it had acquired the film at the festival and it is now a Netflix Original. It debuted on Netflix in July 2017.[44][45][46][47] Movie review site Rotten Tomatoes gives it a 100% rating.[48]

Frame by Frame

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Prior to Chasing Coral, Chang is also an Associate Producer for award-winning documentary Frame by Frame.[49] It premiered at SXSW in 2015 and subsequently went on to win many awards. The Hollywood Reporter called Frame by Frame "a work of profound immediacy, in sync with the photographers' commitment and hope" [50] and BBC Culture proclaimed "the film features photographers passionate about telling stories of the true identity of Afghanistan – whether they are newsworthy or not."[51] In 2016, Time, Inc acquired the documentary. It has a 92% rating on Rotten Tomatoes.[52]

Awards

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40 under 40 by Boston Business Journal.[53]

Most Eligible Bachelor by The Improper Bostonian.[54]

Honorary doctorate (PhD) from the University of Massachusetts Amherst.[55]

Commencement Speaker for the Graduating Class of 2016 for the University of Massachusetts Amherst.[56][57][58][59][60][61][62]

Named one of 30 Most Disruptive People in Tech by Boston Magazine.[63]

Nominated Entrepreneur of the Year in 2013 by New England Venture Capital Association.[64]

Nominated Angel of the Year in 2015 and in 2016 by New England Venture Capital Association.[65][66]

Pop culture

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In Spring 2001, The Boston Globe profiled Wayne Chang in "e-Files".[67]

In Spring 2005, Newsweek profiled Chang in their issue, "The College Vanguard: 15 Students You Don't Know... But Will".[3]

In April 2005, the press, including USA Today, The Washington Post and Boston Globe, reported that the Recording Industry Association of America was filing lawsuits against users of i2hub.[68][69][70]

In July 2005, Chang was featured in CBS Sunday Morning News segment called "Networth".[67]

In August 2005, Chang was profiled by Boston Globe's Business section, "Software wiz follows dream out of college".[71][importance?]

In October 2005, The Daily Free Press wrote an article in their business section, "Wayne's World".[2][importance?]

In November 2005, the press, including MSNBC, BBC News and Boston Business Journal reported that Wayne Chang shut down i2hub.[72][73][74]

In August 2009, Chang spoke at an entrepreneur panel for The National Association of Asian American Professionals.[75][importance?]

In October 2010, the film The Social Network was released. The film depicts the battle between ConnectU and Facebook, which included the settlement at the end of the film that is the subject matter of the Chang v. Winklevoss case.[citation needed]

On December 14, 2010, ABC News wrote an article reporting on The Winklevoss Chang Group dispute, "Man Says Twins Who Sued Facebook 'Backstabbed' Him, Sues for Settlement Money".[76]

On December 16, 2010, Time Magazine wrote an article on The Winklevoss Chang Group dispute, "Facebook Watch: Former Business Partner Sues the Winklevi".[77]

On December 31, 2010, The New York Times wrote a front-page article on the Facebook lawsuits. Chang was mentioned in the blog post.[78][importance?]

In January 2011, BusinessWire and TechCrunch reported that Chang invested in OnSwipe's $1M seed round, along with Spark Capital, SV Angel, Betaworks, Eniac Ventures, Morado Ventures, Dharmesh Shah, Jennifer Lum, and Roy Rodenstein.[79][80][81]

References

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  1. ^ "Twitter Executive, Internet Entrepreneur Wayne Chang to be Commencement Speaker at UMass Amherst on May 6". 'UMASS Amherst News and Media Relations'.
  2. ^ a b c Anita Davis (October 21, 2005). "Wayne's World". The Daily Free Press.
  3. ^ a b "The College Vanguard: 15 Students You Don't Know... But Will". Newsweek. Archived from the original on April 16, 2005.
  4. ^ Wayne Chang (May 6, 2016). "Wayne Chang: Commencement Featured Speaker Address, 146th Commencement of the University of Massachusetts Amherst". UMASS.
  5. ^ a b "A Twitter Executive's Philosophy on Entrepreneurship : Isenberg School of Management : UMass Amherst". www.isenberg.umass.edu. Retrieved 2024-08-30.
  6. ^ Williams, Michelle (2016-04-21). "Twitter executive Wayne Chang to serve as University of Massachusetts Amherst commencement speaker". masslive. Retrieved 2024-08-30.
  7. ^ Ashline, Shelby. "Wayne Chang announced as UMass commencement speaker". Massachusetts Daily Collegian. Retrieved 2024-08-30.
  8. ^ Perez, Sarah (November 6, 2019). "Stealth fintech startup Digits raises $10.5 million Series A from Benchmark and others". TechCrunch.
  9. ^ "The Embroker 200 Top Startups". Embroker. October 12, 2020.
  10. ^ Gregory Gomer (October 13, 2011). "Crashlytics Raises $1 Million Led by Flybridge & Boston's Top Angels". BostInnovation.[permanent dead link‍]
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  28. ^ Sheri Qualters (May 13, 2011). "Winklevoss Twins Loses Again in Court". The National Law Journal.
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  66. ^ "And the NEVYs Nominees Are... Angel of the Year - New England Venture Capital Association". New England Venture Capital Association. May 8, 2015. Retrieved December 19, 2016.
  67. ^ a b "Wayne LinkedIn".
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  70. ^ Hiawatha Bray (April 13, 2005). "Music Suits Hit Use of Fast Network". Boston Globe. Archived from the original on January 31, 2013.
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  75. ^ "Entrepreneurial Spirit - Do you have it?". NAAAP. August 19, 2009.
  76. ^ Ki Mae Heussner (December 14, 2010). "Man Says Twins Who Sued Facebook 'Backstabbed' Him, Sues for Settlement Money". ABC News.
  77. ^ "Facebook Watch: Former Business Partner Sues the Winklevi". Time Magazine. December 16, 2010.
  78. ^ Miguel Heft (December 31, 2010). "Winklevosses' Carry On Crusade Against Facebook". New York Times.
  79. ^ "OnSwipe Raises $1M for Insanely Simple Tablet Publishing Platform". BusinessWire. January 13, 2011.
  80. ^ Tsotsis, Alexia (January 12, 2011). "OnSwipe Raises, Like, A Million Dollars". TechCrunch.
  81. ^ "9 Reasons Why You Need to Work At Onswipe". Onswipe.
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