Do you use Discord and want to know who is behind this app? Read the full article to know who owns discord.
Discord is about giving people the power to create space to find belonging. The creators of Discord wanted to make it easier for you to talk regularly with the people you care about. The intention behind this app was to help people build genuine relationships with their friends and communities close to home or around the world. Original, reliable, playful, and relatable. These are the values that connect users and employees at Discord.
Discord is a social media platform, primarily a Voice over Internet Protocol (VoIP), digital distribution, and instant messaging. Users use voice, text, and video call features to communicate. The type of group makes it stand out from other social media. They are called servers, a collection of continuous chat rooms and voice channels.
The application runs on most operating systems, such as Mac, Windows, iOS, Android, Linux, and web browsers. As of 2021, the application had over 350 million user-ship registrations and an active user base of 150 million per month.
If you have been using Discord, you might be interested to know who owns Discord. The matter of ownership of Discord has always been somewhat private, so users or competitors often need help understanding. Nevertheless, by exploring the funding history and looking at its founders, we might have guessed who owns the most shares in the company.
Well, the origins of Discord started with Jason Citron after he created OpenFeint, a similar social platform for gamers that GREE purchased later. After OpenFeint’s sale in 2012, Jason Citron founded a game development company called Hammer & Chisel, Inc.
Within a couple of years, Hammer & Chisel, Inc. abandoned the idea of developing games and redirected its resources to Discord, which made its public debut in 2015. Hammer & Chisel, Inc. is now known as Discord Inc.
Jason Citron is thus the founder of Discord and its current CEO. You must know more about this brief overview of who owns Discord. There is much to learn about Discord’s working, operations, profits, and ownership. So, let’s dive into reading this piece of information.
What is Discord?
Dіѕсоrd іѕ а рорulаr іnѕtаnt mеѕѕаgіng рlаtfоrm thаt іѕ соnсеrnеd wіth соmmunісаtіng mеѕѕаgеѕ, tехtѕ, vоісе саllѕ, аnd vіdео саllѕ. Тhе аррlісаtіоn саn bе еffісіеntlу run оn ѕеvеrаl рlаtfоrmѕ ѕuсh аѕ Wіndоwѕ, MасОЅ, Аndrоіd, іОЅ, іРаdОЅ, Lіnuх, аnd wеb brоwѕеrѕ. Тhе соmраnу саmе іntо ехіѕtеnсе оn thе 13th оf Мау іn 2015.
Тhе lаnguаgе uѕеd іn dеvеlоріng this аррlісаtіоn wаѕ ЈаvаЅсrірt (wіth Rеасt), Еlіхіr, Руthоn, Ruѕt, еtс. Іt іѕ рrеѕеntlу in seven lаnguаgеѕ. Іn 2019, Dіѕсоrd dесlаrеd thаt thеу thеn саtеr tо аrоund 250 Міllіоn uѕеrѕ. Thе uѕеrѕ аrе rеgіѕtеrеd оn mоbіlе аnd othеr wеb рlаtfоrmѕ. Тhеу аlѕо ѕроkе аbоut оthеr gаmеѕ ѕuсh аѕ РUВG Моbіlе, Сlаѕh Rоуаlе, Rainbow 6 Ѕіеgе, Міnесrаft, Ѕреllbrеаk, аnd Fоrtnіtе.
How was Discord created?
Discord was once only a gaming element that the creators created; it never truly began as a chat application. The app was created by Jason Citron and Stan Vishnevsky’s video game firm. The firm created a multiplayer tablet game with built-in speech functionality to facilitate communication. Upon realizing that the built-in conversation was the finest aspect of their game, Vishnevekuy advised concentrating on making that feature into a product.
At the time, it was challenging to communicate while gaming. Most participants used programs (like Teamspeak or Skype) to share with their pals while playing video games. The old-fashioned nature of these programs, which produced a less-than-optimal gaming experience, was discovered by Citron and Vishnevskiy. They addressed this issue and created a platform enabling players to overcome these obstacles.
Even the most well-liked gaming servers, like Teamspeak and Ventrilo, had their fair share of problems then, so Citron and Vishnevsky had few rivals. These apps would request that users rent servers and make regular payments. Their buddies would then need to download the application once they shared their server’s IP address with them. Citron provided players with Discord software to resolve their communication issues. The platform has a straightforward, user-friendly layout. Additionally, using it was cost-free.
Users may send a simple link to their friends that could be accessed in any browser to invite them using a desktop and web application. The Discord creators used Reddit gaming threads to recruit its first members. As word-of-mouth spread, Discord soon replaced other communication tools as the preferred option for gamers.
Jason Citron, founder and CEO of Discord
Jason Citron, Discord’s founder, and CEO has always been passionate about gaming. He founded Openfeint in 2006, which he used as a platform to develop games for mobile devices like smartphones or tablets played online with other people worldwide via Wifi connections vs Dataquest (WiFi). In 2011, Jason sold his company GREE bought by them for $104 million after using some funds from Hammer & Chisel Studio.
The prime founder of Discord is Jason Citron. He founded this company back in 2015. He is now the co-founder and CEO of Discord, one of the largest chat platforms for gamers, with over 150 million users. Jason pivoted from game development in 2015 and launched Discord to unite players around the games they love. It has evolved into a top communications tool for everything from small groups of friends to the big game, developer, and stream communities.
Jason Citron not alone on his journey of founding Discord Inc. Stan Vishnevskiy was his co-founder and is also Discord’s current CTO. The collaboration between Jason and Stan has been a massive part of Discord reaching its current heights of success. There is no publicly accessible information on how many Discord shares Stan owns. However, as a co-founder, it is safe to assume he still has a large percentage.
The 37-year-old, internationally renowned mind behind the well-known social gaming platform. He was born on September 21, 1987, and he got his start in business at an early age. Jason Citron and Stan Vishnevskiy were childhood friends passionate about video gaming. Citron developed OpenFeint, a successful mobile social gaming application, before founding Discord. Later, in 2011, he sold it to GREE for $104 million.
He then changed his attention from game production to building a network that recognizes the undervalued gaming community. Together, they made a digital community where other players could treasure their metaverse relationships. Consequently, a significant issue was resolved, and a shared passion for video games helped unite gamers worldwide.
The proprietors of Discord persisted with tenacity even though it did not become successful right away. Jason Citron stated in an interview that “it wasn’t clear that it was going to work” At the time, we had maybe six users. Since then, Discord has become a large organization with stream communities from many nations. Discord’s CEO at the moment is Citron, and CTO is Vishnevskiy.
A wealthy family raised in San Francisco gave birth to Citron; with a very imaginative and clever intellect, his life had always centered around technology and the game industry since he was a child. His father’s unwavering encouragement helped the little flame of his interest in coding grow. Consequently, he is an authority on programming. By sixteen, Citron was already writing code for several technological firms as a freelancer.
Jason Citron pursued his aspirations by attending Full Sail University to earn a master’s in game design and development. After graduating, he developed his coding abilities by creating the Eragon video game for Stormfront Studios. He later joined Double Fine and started developing console games like Brutal Legend.
After entering the YouWeb community, he co-founded the business OpenFeint with Danielle Cassaley in 2009. He prefers to keep his personal life a secret, aside from his professional life. But everyone knows his family’s entrepreneurial spirit motivated him to improve the gaming industry.
In addition, he is not married and continues to live with his family despite having such a successful job. Such an incident demonstrates how much he values and cares about his parents. Additionally, he visits Florida regularly for business and to see his mates. His passion and fascination with technology and industry have shaped who he is today. With over 300 million members, discard is one of the most popular gaming social networks.
To reach its success so quickly, Discord has been the subject of several funding rounds throughout the years, with each round raking in millions and helping Discord get an organization valuation of more than $15 billion.
With each of these investments, the investors can acquire a large (or small) share of ownership over Discord.
All the investors are leading those funding rounds:
- Dragoneer Investment Group: Led September 16, 2021, Series H funding round investors. Dragoneer Investment Group and several other investors raised $500 million.
- Sony Interactive Entertainment: $3.3 million was raised during the secondary market funding round in 2021, with Sony as a lead investor.
- Greenoaks: Lead investor for a $100 million Series H funding round in 2020 and 2018 with $150 million
- Index Ventures: Raised over $150 million as lead investors in two funding rounds. One in 2017 and another in 2020.
- Greylock: They led one of the earliest funding rounds for Discord in 2016 with Spark Capital.
- Spark Capital: Partnered with Greylock as a lead investor for the 2016 $20 million funding round.
Naturally, funding rounds are backed by multiple investors. These other investors also receive a share of Discord’s ownership. Here, we provide you with a list of them:
- Franklin Templeton Investments, Fidelity Management, Research Company, Coatue, Baillie Gifford, and Sony Interactive Entertainment – Part of the 2021 funding round led by Dragoneer Investment Group.
- Mindrock Capital is part of the funding round under Sony’s lead.
- Tencent is part of two different funding rounds.
- Technology Opportunity Partners, FirstMark, and Institutional Venture Partners were the Investors for the 2018 funding round, with Greenoaks as lead investors.
- Benchmark – Invested in multiple funding rounds.
- Specialized Types and YouWeb – Investors for the Greylock/Spark Capital funding round.
In an interview with CNBC TV, Jason Citron said about the $500 million funding round, “The focus of the round is to give us the ability to continue to invest in making just the best community app and the services that we can bring to market for people and improve our ability to keep people’s safety.” He said, “We believe that people want to have safe environments where they can be themselves, relax, hang out with their friends … and a big part of that is feeling like it is your space, you have your privacy, and you’re safe.”
What is Discord CEO’s Net Worth?
Discord CEO Jason Citron has an estimated net worth of $1.8 to $3 million. He co-founded the gaming chat app in 2015 with his wife, Stephanie, and it now has over 250 million users. He previously co-founded OpenFeint, a social gaming platform for mobile devices, which was acquired by Japanese company GREE in 2011 for $104 million.
Suppose уоu hаvе а grеаt іntеrеѕt іn vіdео gаmеѕ аnd lоvеѕ tо рlау thеm, уоu muѕt knоw аbоut thе fеаturеѕ thаt Dіѕсоrd gіvеѕ tо іtѕ uѕеrѕ, аnd thіѕ ѕоftwаrе іѕ јuѕt lіkе а Ѕkуре оf оnlіnе gаmеrѕ: Dіѕсоrd іѕ а рорulаr аnd wеll-сhеrіѕhеd іnѕtаnt mеѕѕаgіng аnd dіgіtаl dіѕtrіbutіоn platform, сrеаtеd fоr соmmunіtіеѕ.
Ву uѕіng thе аррlісаtіоn, uѕеrѕ саn соmmunісаtе vіа mеѕѕаgіng, vоісе саllѕ, аnd vіdео саllѕ аnd ѕhаrе mеdіа аnd fіlеѕ. Ѕеrvеrѕ аrе аn ассumulаtіоn оf реrѕіѕtеnt vоісе сhаt сhаnnеlѕ аnd сhаt rооmѕ. Тhіѕ аррlісаtіоn wаѕ еѕtаblіѕhеd оn thе 13th оf Мау іn 2015 by Јаѕоn Сіtrоn аnd Ѕtаn Vіѕhnеvѕkіу, аnd nоw іt іѕ аvаіlаblе іn аlmоѕt 27 lаnguаgеѕ оn vаrіоuѕ рlаtfоrmѕ.
Тhe founders of Discord dеvеlореd thіѕ аррlісаtіоn tо ѕоlvе thе рrоblеm оf frіеndѕ whо trу tо соmmunісаtе whіlе рlауіng оnlіnе gаmеѕ. Воth thе fоundеrѕ оf thе Dіѕсоrd hаvе а grеаt fаѕсіnаtіоn wіth рlауіng vіdео gаmеѕ.
Net worth and earnings of Discord in 2023
The Discord app has been around for quite some time. It has primarily been a source of communication for gamers, alongside many other categories of users. The app has notably grown and currently holds impressive usage statistics.
Every week, millions of servers on Discord are operational with tons of active users, ranging from video games, gaming PCs, business, art, and many more. Moreover, the company has garnered over $482 million in total funding. It is currently worth $15 billion, rivaling firmly established websites like Reddit.
Without keeping you waiting, let’s now dig into the statistical data of Discord that shows its worth and other essential details.
Key Statistics for 2023
Following are the key statistics that you would want to know about Discord:
- 2023 projections place the number of daily active Discord users at 5 million.
- As of January 2023, there were 154 million active monthly Discord members.
- Discord generated over $220 million yearly income from premium subscriptions in 2022.
- Up until 2020, there will be 1 million paid Discord members.
- As of February 2023, Discord’s net worth is predicted to be $15 billion.
- Discord user demographics: 54% of users are female, and 79.46% are men.
2023 Discord User Statistics
- In 2023, there will be 154 million users of Discord.
- More than 20 million people use Discord regularly.
- As of January 2023, Discord had around 563 million registered members.
- From 2020 (100 million) to 2021 (150 million), Discord’s user base increased by 50 million.
- The typical US user logs onto Discord for 6 minutes or almost 5 hours.
- Up to February 2023, Discord received around 801 million monthly website views.
- Discord’s user base increased by 46% at the beginning of 2023.
- Discord users claim to use the app for non-gaming purposes 78% of the time.
- Every day, 4 billion minutes of chat are held on Discord servers.
Revenue, user, funding, and server statistics in 2023
These statistics will give a clear overview of multiple factors, including Discord’s popularity and success, such as the average time users spend on Discord, annual revenue, its worth, acquisition, and several other factors. Let’s dig deeper into these factors.
Average time spent on Discord in 2023
The platform’s users have no problem spending time with the application. According to Discord statistics, the standard Discord user in the United States spends 280.6 minutes per month on the site, roughly 5 hours each month, or 9 minutes per day, to be precise. This number is expected to increase with the applications’ popularity.
Discord’s annual revenue
Although investing years in creating new avenues for monetization, the company has generated a fair amount of money due to establishing a clear revenue strategy. Discord Nitro was formed in January 2017 by the company, and for a monthly membership price of $4.99, users got numerous benefits over non-paying Discord members.
The platform continued to expand on this, and in October 2018, it rebranded that offer “Discord Nitro Classic” and introduced an improved “Discord Nitro” for $9.99/month. The founders of Discord did not stop there, as Discord launched Server Boosts in June 2019, which provided additional functionality to a server for a $4.99/month charge.
In addition, Discord also introduced a vast selection of stickers you use for a fee. You can see that Discord is on an upward trend as they reported $45 million in revenue for 2019 and $130 million for 2020, according to statistics found in Discord.
The business generated $52.12 billion in sales. In the first quarter of 2023, Microsoft surpassed analysts’ forecasts by 11% ($49.61 billion). However, the corporation could not surprise analysts equally pleasantly in the second quarter, just missing their expectations. Wall Street expected $52.94 billion in sales in Q2 2023. However, Microsoft posted $52.75 billion. In contrast to expectations of $2.29, Microsoft’s profits per share were $2.32. The company’s overall sales climbed 2% year over year in the second quarter of its fiscal year.
Discord’s net worth – 2023
Discord statistics were valued at $7 billion at one of Discord’s 2020 fundraising rounds. Nevertheless, due to its increased popularity since then, this will alter dramatically with its positive trajectory.
According to online sources, Dragoneer Investment Group planned to spearhead an investment that would value Discord at approximately $15 billion in August 2021. Growth for the platform has been exponential within the last few years, and the pandemic may have had something to do with it since everyone was in quarantine for so long.
Aside from its internal endeavors with its application, Discord has had some other interests for Discord. The company acquired three organizations throughout the years to expand its empire. They bought Blitz App in November 2018, Sentropy in June 2021, and Ubiquity6 in July 2021.
Ubiquity6 uses computer vision to provide massively multiplayer, persistent augmented reality experiences on top of the physical environment. Blitz App is an AI-powered personal gaming coach for League of Legends, Valorant, CSGO, Fortnite, and other games.
Although the company started as a simple means of communication, they’ve grown to a highly loyal customer base and influence in its market space.
Monthly active users
Since May of 2019, Discord statistics have shown that it has gone from 56 million monthly users to over 140 million and counting. This is another factor in allowing the company to raise funding over time. To put it simply, Discord has a proven track record, and that’s been dramatically benefiting its growth.
Is Discord safe?
Unlike social media platforms, Discord uses no algorithm to control what people see on their newsfeeds. There is no news feed, endless scrolling, likes, shares, and things going viral. Discord is dedicated to talking and hanging out with friends, family, and communities. Millions of diverse communities are on Discord, from small groups of old friends to massive servers where hundreds of thousands can connect over shared interests.
Discord works strictly to keep its app safe for people and the community. The founders make sure Discord has the ability for everyone to have a safe, secure, positive, and inclusive experience. For that to happen, everyone must agree to rules that govern interactions on Discord. When you sign up to Discord, you agree to follow the set rules and refrain from behavior not allowed on the service.
The creators work hard to ensure everyone on Discord can have meaningful conversations and spend time with their communities safely, positively, and inclusively.
- All conversations are opt-in: Unlike other platforms where someone might message you or find you when you sign up for an account, this isn’t the case on Discord. Every person who signs up must accept another user as a friend before messaging them. For servers, they need to decide to join a community before being messaged by anyone on that server.
- Most servers are invite-only and private: An outsider cannot guess the link to a specific server, and invitation links expire after a maximum of 24 hours. Discord only lets users search for public servers. All searchable servers have been vetted by Discord staff and are required to maintain healthy and positive communities to remain publicly available.
- Conversations between users are private but not secret: We do not proactively read direct messages between users or exchanges on a server. We do not collect data for monetization purposes or to build user profiles. However, discussions on Discord are not end-to-end encrypted. When alerted to an issue, we investigate the behavior and act.
- We have a zero-tolerance policy for lousy behavior: We investigate and take action when we are alerted to violating our rules. We also work to identify illegal behavior and terminate it proactively.
- Discord is not an anonymous platform: Users are identified by their username, chosen by the user, followed by a # and a four-digit number, known as their Discord tag. Discord doesn’t ask for anyone’s real name, but we can track who is responsible for what by tying usernames to verified email addresses and IP
- Users control their experience on Discord: People come to Discord for different purposes, and we want them to tailor their experience on Discord to their own needs. We continuously build products to let our users control their security and privacy.
Dangers of Discord
Though Discord can be a positive space, some aspects should give every parent serious pause.
Discord is challenging to moderate.
Discord is dangerous for the same reasons as many other private communication apps. Real-time communication is difficult to control. Audio and video streams are gone right after they happen (unless someone is recording–another problem!).
Content moderation is mainly done on the individual server, so groups have different standards, and some are enforced better than others. Users can report problems directly to Discord, but that takes time, and your child may be exposed to adult content before you take it down.
Discord makes it easy for predators to contact children.
Like any place on the internet where you can meet strangers, people on Discord can lie about who they are. Predators can stalk children by chatting with them on a kid-friendly channel, then taking the conversation to direct messages which do not have moderators.
Discord makes cyberbullying even easier.
As mentioned before, audio and video streams on Discord disappear. That makes it a prime place for cyberbullying to occur without leaving any evidence. Kids can also use Discord for bullying by creating closed groups to exclude kids and share cruel memes and photos.
Four Steps to Safe and Secure Discord Account
Discord lets you choose the friends and communities you talk with. A crucial part of making this happen is setting up your account. With the below instructions, you will create your account as safe as possible.
1. Secure your account.
First, Discord ensures your account credentials and login information are as secure as possible.
Choose a secure password.
- Having a strong password is critical to protecting your account. Choose a long password with a mix of uppercase, lowercase, and special characters that are hard to guess and that you do not use for anything else.
- We recommend checking out password managers like 1Password (Mac) or Dashlane (Windows), making creating and storing secure passwords easy.
Enabling two-factor authentication (2FA)
- Two-Factor Authentication (2FA) is the most secure way to protect your account. You can use Google Authenticator, Authy, and other authenticator apps on a mobile device to authorize access to your account. Once you enable 2FA, you can further increase your account’s security with SMS Authentication by adding your phone number to your Discord account.
- You can enable 2FA in your User Settings.
2. Set your privacy and safety settings.
Your privacy settings are critical. They give you control over who can contact you and what they can send you. You can access them by entering your User Settings and selecting Privacy & Safety.
Explicit content media settings
Here, you can decide what content you are comfortable seeing.
- Keep me safe: With this setting, images and videos in all direct messages get scanned by Discord, and explicit content is blocked. This setting is on by default.
- My friends are lovely: With this setting, all direct messages sent by users not on your Friends List are scanned, and explicit content gets blocked.
- Do not scan: With this setting, none of the direct messages you receive will be reviewed or blocked for explicit content.
Direct messages (DM) settings
- You might only want certain people to contact you. By default, whenever you are on a server with someone else, they can send you a direct message (DM).
- You can toggle direct messages from server members to block DMs from users in a server who are not on your friend list. If you joined any servers before turning this off, you must adjust your DM settings individually for each server you entered.
- To change this setting for a specific server, select privacy settings on the server’s dropdown list and toggle “allow direct messages” from server members.
Friend request settings
The last thing to do in your security settings is to determine who can send you a friend request.
- Everyone: Electing this option means that anyone who knows your Discord Tag or is on a mutual server with you can send you a friend request. This is handy if you do not share servers with someone and let them friend you with your Discord Tag.
- Friends of Friends: Selecting this means that for anyone to send you a friend request must have at least one mutual friend. You can view this in their user profile by clicking the Mutual Friends tab next to the Mutual Servers tab.
- Server Members: Selecting this means users who share a server with you can send you a friend request. Unselecting this means that someone can add you with a mutual friend.
3. Follow safe account practices.
As with any online interaction, we recommend following some simple rules while on Discord:
Be wary of suspicious links and files
- Don’t click on suspicious links that appear to have been shortened or altered. Discord will try and warn you about questionable ties, but it’s no substitute for thinking before you click.
- Don’t download files or applications sent by users you do not know or trust. Were you expecting a file from someone? If not, do not click the file!
- Don’t open a file your browser or computer has flagged as potentially malicious without knowing it’s safe.
Never give away account information
- Don’t give away your Discord account login or password information to anyone. Discord never asks for your password and token; you should never give that to anyone.
- Don’t give away account information for any account you own on any platform to other users on Discord. Malicious individuals might ask for this information and use it to take over your accounts.
- DO report any accounts that claim to be Discord staff or who ask for account information to the Trust & Safety team.
4. Block other users when needed.
We understand that sometimes you might not want to interact with someone. We want everyone to have a positive experience on Discord and have you covered in this case.
How does blocking work?
- When you block someone on Discord, they will be removed from your friend list (if they were on it) and can no longer send you DMs.
- Any message history you have with the user will remain, but any new messages the user posts on a shared server will be hidden from you, though you can see them if you wish.
How Can I Buy Discord Stock?
Discord is still a privately held company. That means it’s not traded on any public exchange. You can’t simply place an order through your broker.
Discord has been targeted for acquisition several times. In early 2021, Microsoft reportedly considered buying the company for $10 billion.
Shortly after that story broke, the Wall Street Journal and Bloomberg reported that Discord had left the deal and was expected to launch an IPO instead. That means Discord shares may be traded on the open market soon.
Discord has not yet held an IPO, so there is no direct way to buy Discord stock. However, you may be able to purchase shares of Tencent, the investment firm that owns a minority stake in Discord.
Tencent is a Chinese company that trades on the Hong Kong Stock Exchange under the ticker “0700.HK.” The company also has a secondary New York Stock Exchange listing under the ticker “TCEHY.”
You can buy Tencent shares through any broker that offers access to the Hong Kong or New York stock exchanges.
Investors should note that buying Tencent shares comes with some risks. For one, the Chinese government has been cracking down on internet companies recently, which could negatively impact Tencent’s business. In addition, Tencent’s share price is highly volatile, and the company relies on a small number of critical industries.
Still, Tencent is one of the world’s largest and most successful tech companies, so that would be an excellent long-term investment. Moreover, as Discord’s largest shareholder, Tencent benefits significantly if the company succeeds.
Discord could also list its shares on a U.S. exchange through a direct listing or a particular purpose acquisition company (SPAC).
Invest Through a Pre-IPO Secondary Market
If you can invest in Discord shares ahead of the expected IPO, you could be set for a severe gain when the IPO hits. Here are three pre-IPO markets where you can buy Discord Stock before the IPO.
- Forge Global is the world’s largest single pre-IPO marketplace. There’s a $100,000 minimum investment; some shares may have higher minimums and be limited to qualified buyers.
- EquityZen is an online marketplace that acquires pre-IPO shares from employees, early investors, and other insiders and makes them available to qualified investors. The minimum investment is $10,000 and may be higher for some shares.
- SecFi is a pre-IPO marketplace that links employees wanting to liquidate their stock options with outside investors.
- Nasdaq Private Market provides access to private company shares for investors who meet SEC-accredited investor criteria.
There is no assurance that Discord shares will be available on any of these marketplaces at any given time. You must open an account and log in to get specific information on available shares.
When Discord Goes Public if you’re interested in buying shares of Discord when it goes public, you’ll need to wait until the company’s IPO. An IPO is when a private company raises capital by selling shares to public investors. Discord has not yet announced any plans for an IPO, so the exact timeline is unclear. However, the company reportedly works with investment banks Goldman Sachs and Morgan Stanley on the offering. If you’re interested in buying shares of Discord when it goes public, you’ll need to open a brokerage account. A brokerage account is an account that allows you to buy and sell stocks and other securities. You can open a brokerage account with any online broker.
When Will Discord Hold Its IPO?
Discord has been a popular chat platform for gamers and other communities since its launch in 2015, but the company has yet to hold an initial public offering (IPO). That could change soon, as Discord reportedly plans to go public in 2020.
There are a few reasons why Discord has yet to hold an IPO.
- The company has been profitable since 2017, so it hasn’t needed to raise capital through an IPO.
- Second, Discord is majority-owned by investment firm Tencent, which acquired a minority stake in the company in 2017. Tencent is known for its patience with investments, so it likely doesn’t want to see Discord rush into an IPO.
- Finally, Discord has been focused on growth over profitability in recent years. The company has been investing heavily in new features and expanding its user base, increasing costs.
- Discord is reportedly planning to go public in 2020. The exact timeline is unknown, but the company is working with investment banks Goldman Sachs and Morgan Stanley on the offering.
- Discord could delay its IPO if market conditions are unfavorable or the company’s growth slows down. However, given Discord’s strong position in the chat market and its recent momentum, it seems likely that the company will go public in 2020.
Financing and Growth
Discord has raised $279 million in venture capital from investors, including Tencent, Andreessen Horowitz, and Index Ventures.
The company has been profitable since 2017, but it has been investing heavily in new features and expanding its user base, which has led to increased costs. In 2019, Discord’s revenue was $130 million, and its losses were $45 million.
Discord is majority-owned by investment firm Tencent, which acquired a minority stake in the company in 2017. Tencent is known for its patience with investments, so it likely doesn’t want to see Discord rush into an IPO.
- Discord is a popular chat platform for gamers and other communities.
- The company has been profitable since 2017 but has invested heavily in new features and expanding its user base.
- Discord is majority-owned by investment firm Tencent, which acquired a minority stake in the company in 2017.
- Discord is reportedly planning to go public in 2020. The exact timeline has yet to be discovered, but the company is working with investment banks Goldman Sachs and Morgan Stanley on the offering.
Are There Any Concerns About Discord?
Discord has been profitable since 2017 but has invested heavily in new features and expanding its user base. This strategy may be risky, as it could lead to profitability problems down the road.
In addition, Discord is majority-owned by investment firm Tencent, which is based in China. The Chinese government has been cracking down on internet companies recently, which could negatively impact Discord’s business.
Still, Discord is a popular and growing platform with a large and loyal user base. The company has also been profitable for several years, so it can weather any storms that come its way.
How are Discord’s financials?
Discord is an accessible communication platform offering text and voice chat services. It was founded in 2015 by Jason Citron and Stanislav Dzhus. As of July 2020, Discord has over 250 million registered users. Discord’s financials are not publicly available as the company is privately owned. However, it is
estimated that Discord generated $90 million in revenue in 2019 and is on track to generate $140 million in 2020.
Discord has been profitable since 2017 and is one of the fastest-growing companies in the history of the internet. In June 2020, Discord raised $120 million at a valuation of $3.5 billion.
Reasons why investors may be interested in a Discord IPO
Discord has been one of the fastest-growing companies in the history of the internet. In June 2020, Discord raised $120 million at a valuation of $3.5 billion. This rapid growth will continue as Discord expands its user base and introduces new features.
Discord is profitable and has a strong financial position. 2019 Discord generated $90 million in revenue and is on track to generate $140 million in 2020. This makes Discord one of the most attractive tech IPOs in recent years.
Discord has a large and engaged user base. As of July 2020, Discord has over 250 million registered users. This makes Discord one of the largest communication platforms in the world.
Discord has a strong team with a proven track record. The company was founded by Jason Citron and Stanislav Dzhus, who have a successful track record in the tech industry. Discord also has a world-class team of engineers and product managers.
Discord could be an attractive acquisition target for a larger company. Given its large user base and strong financial position, Discord could be an attractive target for a larger tech company looking to expand its presence in the communication platform market.
What challenges is the company facing?
Discord faces several challenges that could impact its growth.
The first challenge is regulatory risk. In the past, Discord has been accused of being a haven for illegal activity, such as child pornography and terrorism. This has led to calls for stricter regulation of the platform. If Discord is subject to more excellent law, it could hamper its growth.
The second challenge is competition. Discord faces stiff competition from other communication platforms like Skype, WhatsApp, and Facebook Messenger. These companies have much larger user bases and more significant resources. As a result, they could pose a severe threat to Discord’s growth.
The third challenge is scaling. As Discord grows, it must invest heavily in infrastructure and personnel. This could impact its profitability in the short term.
Trade on Discord’s competitors.
If you’re interested in investing in companies that compete with Discord, you can trade shares of Skype (SKYPE), WhatsApp (FB), and Facebook Messenger (MSFT).
Discord Valuation & Funding
|Deal Type||Date||Amount||Raised to Date||Status||Stage|
|1. Later Stage VC (Series E)||08-May-2017||$50M||$104M||Completed||Generating Revenue|
|2. Later Stage VC (Series D)||24-Jun-2016||$20M||$54.2M||Completed||Generating Revenue|
Discord Cap Table
|Stock||# of Shares
|Par Value||Dividend Rate ($)||Original
|Conversion Price||% Owned|
Discord Competitors (14)
|Company Name||Financing Status||Location|
|Props||Venture Capital-Backed||New York, NY|
|–||Venture Capital-Backed||San Francisco, CA|
|–||Formerly VC-backed||San Francisco, CA|
|–||Venture Capital-Backed||Walnut, CA|
|–||Venture Capital-Backed||Tortola, British Virgin Islands|
Discord Executive Team (13)
|Jason Citron||Co-Founder, Chief Executive Officer & Board Member|
|Tomasz Marcinkowski||Chief Financial Officer|
|Stanislav Vishnevskiy||Co-Founder, Chief Technology Officer & Board Member|
|Clint Smith JD||Chief Legal Officer|
|Tesa Aragones||Chief Marketing Officer|
Discord Board Members (12)
|Amrita Ahuja||Self||Board Member|
|Daniel Rimer||Index Ventures||Board Observer|
|David Sze||Greylock Partners||Board Member|
|Jason Citron||Discord||Co-Founder, Chief Executive Officer & Board Member|
|Leslie Kilgore||Self||Board Member|
Discord Investors (51)
|Investor Name||Investor Type||Holding|
|SparkLabs Group||Venture Capital||Minority|
|Flat Capital||Venture Capital||Minority|
|Transcend Fund||Venture Capital||Minority|
|Wolfswood Partners||Hedge Fund||Minority|
Discord Acquisitions (4)
|Company Name||Deal Date||Deal Size||Industry|
What are Discord’s Highlights?
Discord’s highlights include its server roles feature, which allows users to assign different roles to members of their server, and its rich user interface, which offers a variety of options for customizing your Discord experience. Discord also provides robust tools for managing your servers, including an easy-to-use web interface and mobile apps. Discord is an excellent platform for communication and collaboration, and its highlights make it a great choice for gamers, developers, and other online communities.
Is Discord Stock Publicly Traded?
Discord is not a publicly traded company. However, it has received funding from several venture capital firms, including Kleiner Perkins, Index Ventures, and Andreessen Horowitz. Discord has been growing in popularity in recent years, especially among gamers. The platform allows gamers to connect for gaming purposes. It also offers voice and text chat features.
While Discord is not publicly traded, it is possible that the company could go public in the future. If that happens, it would likely be a highly anticipated event. For now, though, Discord remains a private company.
How Profitable Is Discord?
Discord is not a publicly traded company, so it is not required to disclose its financial information. However, the company has said that it is profitable.
In 2019, Discord raised $150 million in funding, which valued the company at $2.05 billion. This was up from a valuation of $1.6 billion in 2018.
Discord has been growing in popularity, especially among gamers. The platform allows gamers to connect for gaming purposes. It also offers voice and text chat features.
What other digital companies are planning an IPO?
Other digital companies recently announcing plans to go public include Roblox, Airbnb, and DoorDash.
How much money is Jason Citron worth?
The CEO of Discord is said to have a net worth that ranges from $1.8 million to $3 million. Experts think it is higher even with little public knowledge of Citron’s true net worth. A decision of this nature was conceivable, given the enormous popularity of his business.
Jason Citron has worked in this field for how long?
Citron was born on September 21, 1987, which means that in 2021 he will be 37 years old. Additionally, he entered the business world in 2009, making him one of the youngest CEOs. And when he sold his prior business for a stunning $104 million, he was only 26 years old.
What academic background does Jason Citron have?
Jason Citron selected a profession in gaming after pursuing his goals. He received his Master’s degree from Full Sail University, where he studied game design and development. He completed his undergraduate studies at Goteborg University before that.
What faith does Jason Citron practice?
Citron describes it as a horrifying remark because she is not religious. Because his grandpa fought for America against the Nazis in World War 2, he told the media that he was Jewish. Additionally, he believes this leads to radicalization, a concern that has followed him throughout his life.
What was Jason Citron up to before discovering Discord?
Citron established the mobile gaming network OpenFeint before starting Discord. He served as the CEO of this sizable community, which he eventually sold to GREE in 2011 for $104 million. He also worked as a freelance programmer and coder for well-known game firms at the same time.
Final Thoughts On Discord Worth And Stocks
Discord has been successful in the past couple of years. Due to the covid-19 pandemic, everyone stays online either for work or to communicate with friends or family. Jason Citron guided his team enough to take this business to the peak of success. Discord took the extra step to amalgamate numerous features into a user-friendly application. Their inclusion of servers, provisions of roles, voice channels, text channels, developer tools, and communities are unique to Discord, which makes it all the more attractive to users.
With the rising fame of this app, people have been curious to know who owns Discord. Jason Citron and Stanislav Sky are the co-founders of Discord. However, each share is unknown to the public as of yet