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This article was published on August 19, 2015

Obama’s former CTO is headed to PayPal, it’s acquired his retail startup Modest

Obama’s former CTO is headed to PayPal, it’s acquired his retail startup Modest
Mic Wright
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Mic Wright

Reporter, TNW

Mic Wright is a journalist specialising in technology, music and popular culture. He lives in Dublin. He is on Twitter at @brokenbottleboy. Mic Wright is a journalist specialising in technology, music and popular culture. He lives in Dublin. He is on Twitter at @brokenbottleboy.

Harper Reed is a cool guy. He was CTO of Threadless, then worked on Obama’s 2012 election campaign in same role. He’s now… a PayPal employee. Um… okay, so that’s not quite as cool as the other stuff, but how he ended up there is actually pretty neat.

Reed’s retail startup Modest, which he co-founded in 2012 with Dylan Richard, has been acquired by PayPal. Both Richard and Reed will now join the company’s Braintree unit, along with their team.

What Modest was working on…
What Modest was working on…

A short explanation of what Modest is about: Reed and Richard wanted to make buying online more pleasant for merchants and shoppers. They led technology development at Threadless, so they’ve got serious chops and experience in the space.

While Reed was CTO on the Obama 2012 campaign, Richard was the organization’s lead engineer. Snapping them up is a big coup for PayPal. Expect to see very interesting things coming out of the company’s Chicago offices where the Modest team will be based.

PayPal Acquires Modest [Braintree]

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