Ben Chestnut
$5.3B
Born
Jun 15, 1974
Age
51
Source of Wealth
Email marketing
Residence
Atlanta, Georgia
Citizenship
United States
Marital Status
Married
Children
2
Education
Bachelor of Arts/Science, Georgia Institute of Technology
- Ben Chestnut founded what later became Mailchimp with Dan Kurzius in 2001 as a side project to their web design company.
- Mailchimp's email marketing software for small businesses garnered enough customers that in 2007 they committed to it full time.
- Wary of giving up control to outside investors, Chestnut and Kurzius bootstrapped growth from profits and took no outside money.
- In September 2021, Intuit announced it would acquire Mailchimp in a $12 billion cash and stock acquisition.
- At the time of announcement, Chestnut and Kurzius each owned 50% of the Atlanta-based company, which had $800 million in 2020 revenue.
- Chestnut learned about small business from his mom, who ran a hair salon from the family's kitchen in Georgia.
- He studied industrial design at Georgia Tech, taught himself how to build websites, and worked at Cox Interactive Media.
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