Skip to content
Subscriber Only

Czech Startup Founders Turn Billionaires Without VC Help

  • Google picked JetBrains for key coding language for Android
  • Founders shunned VCs, bootstrapped to billion-dollar fortunes
Maxim Shafirov
Maxim Shafirov

Photographer: Alexander Naumov/JetBrains

While investment funds in Silicon Valley have turned the owners of many unprofitable startups into billionaires overnight, the founders of JetBrains s.r.o. have managed the feat without the help of venture capital.

The Prague-based startup, whose programming language last year became Google’s preferred development tool for Android, is worth about $7 billion, according to the Bloomberg Billionaires Index. That valuation would make Sergey Dmitriev and Valentin Kipiatkov, two of the three Russian founders who incorporated JetBrains in 2000, billionaires.