Inventor and Founder of Path - Dave Morin, Shawn Fanning, and Dustin Mierau

Did you know that the Path Social Network was formed with a fund-raising system by its founders. Company from San Francisco, United States was founded by three people namely: Dave Morin, Shawn Fanning, and Dustin Mierau. They managed to raise funds from donors, including: Ron Conway, Paul Buchheit, Ashton Kutcher, and others. As a base capital, the company raised $ 8.5 million in February 2011, coming from Kleiner Perkins Caufield & Byers and Index Ventures and Digital Garage from Japan.

When Path launches several new features In November and December 2011, its users increased from 30,000 to over 300,000 in less than 1 month. As of February 2012, the company was widely criticized as it accesses and stores contacts in the user's mobile phone without the consent of the users themselves. In a blog uploaded by CEO Path himself, the company apologized and stated that Path has changed this practice. In February 2013, Path was fined $ 800,000 by the FTC for keeping data from underage users and required to evaluate the privacy policy every 2 years during the next 20 years. Path

Ceo Path, Dave Morin

Path is a social networking application within a smartphone that enables its users to share images as well as messages. The use of the Path is targeted to be a separate place for users to share with family and friends nearby. Dave Morin, one of the founders of Path and CEO of the company said: "Our main vision is to create a network of high quality and make users comfortable to contribute all the time." The 

company started with apps on the iPhone as well as websites then released the later version of Android . The company is competing with other social networks like Instagram. Headquartered in San Francisco, California, the company was founded by Shawn Fanning and former Executive of Facebook , Dave Morrin. Path was established with the aim of creating an interactive journal for its users. 

Path usage differs from other social networks where only approved users can access one's Path page. The privacy status of this app makes Path more exclusive than the various social networks available. The path can be used on any iPhone, iPad, iPod Touch, and Android version. This app is spread through the Apple Application Store and various other app sites.

In january 2014 Path gets funding from Bakrie Group. Recode.net through its exclusive report entitled "Bakrie Global Group's Path Closes $ 25 Million Funding", on Saturday (10/1) named Bakrie Group as one of investors in funding of Series C rounds of US $ 25 million or equivalent to Rp 304 billion which has been held by Path since last year. Not explained in detail how the value of investment disbursed Bakrie. 

Bakrie is not the only investor participating in the funding of the final round. A number of old faces also come back. They are Greylock Partners, Kleiner Perkins, Index Ventures, Insight Venture Partners, Redpoint Venture Partners, and First Round Capital. 

A brief biography of the founders of Path

Dave Morin

Dave Morin is an American businessman, CEO and founder of Path social networking. former Executive of Facebook, he also created the Facebook Platform and Facebook Connect. 

Morin is a member of the board of directors for the US Ski and Snowboard Association (USSA), Eventbrite, and San Francisco Museum of Modern Art (SFMOMA).

Morin began his career at Apple, Inc. in 2003 where he took a position in marketing. In 2006, Morin left Apple, Inc. and joined Facebook as Executive. Morin co creates a Facebook Platform, a software network that allows third-party developers to create apps within Facebook, and Facebook Connect, a technology for Facebook users to connect their profile data and authentication to external websites. In 2010, Morin left Facebook and subsequently established Path. 

Shawn Fanning

Shawn Fanning (born November 22, 1980) is a computer programmerAmerica, Serial Entrepreneur, and Angel Investor. He's a Napster developer, one of the most popular peer-to-peer ("P2P") file sharing platforms, in 1998 with Sean Parker. The popularity of Napster was widespread and Fanning was the subject of conversation until he was on the cover of Time magazine. 

Dustin Mierau 

Dustin Mierau is co-founder and Chief Designer in Path, journals and social network for Android and iPhone. Before Path, he founded Macster, which eventually became Napster for Mac. Mierau takes a few minutes to talk to The Verge about the key points of designing great software, how to stay focused, and about remembering the internetbefore it's full of ads. You can find him on Twitter at @ dmierau.

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