Jack Altman Net Worth: Financial Details 2024

As the co-founder and CEO of Lattice, a prominent cloud-based people management platform, Jack Altman’s impressive business background piques curiosity about his financial details and net worth.

His professional journey began after graduating from Princeton University in 2011 with a BA in Economics.

He then entered the startup domain as an early-stage venture capital investor, directing funds into future household names like Opendoor, Flexport, and PlanGrid.

Pivoting from financing emerging companies, Altman next served as VP of Business and Corporate Development at Teespring, an e-commerce organization with a custom apparel focus.

These combined experiences seemingly shaped his priorities for strategic workforce retention when launching Lattice in 2015.

Altman has stated his belief that companies undervalue their human resources.

Through Lattice’s employee performance software, he aims to provide tools for measuring turnover rates.

He also aims to offer people analytics to help organizations understand and reduce turnover.

Furthermore, he intends to use the software to nurture talent within organizations.

Still, in his early 30s, Jack Altman’s diverse leadership tenure showed his dedication to enabling businesses to optimize their most crucial asset: their people.

Jack Altman Net Worth

Financial analysts estimate Jack Altman’s net worth at approximately $3 billion.

Most of his wealth comes from his substantial stake in Lattice, the cloud-based workforce management platform he launched in 2015.

Jack Altman Net Worth — Jack Altman has made a name for himself in workforce management. (source: JBC)

Lattice, founded by Altman and Koslow, gained users rapidly through word-of-mouth due to its intuitive employee performance tracking features.

By 2019, the startup had gathered over 1,500 global customers and secured over $50 million in initial seed funding from venture capital groups like Thrive Capital, Canaan, and Inspired Capital Partners.

This timely injection enabled Lattice to scale even quicker over the subsequent 3 years.

Altman steered the company to offer new product lines for compensation management and diversity tracking as demand grew.

With legacy human resources software becoming inadequate for newly remote and hybrid workforces, Lattice’s next-generation platform proved especially appealing.

This solution captured the interest of high-profile clients like Slack, Monzo, and Mattermost.

By late 2022, another mammoth $175 million Series F funding round saw Lattice’s market value blast beyond $3 billion seemingly overnight.

As CEO and primary stakeholder, industry analysts now place Jack Altman’s net worth firmly in the billionaire’s club, with $3 billion representing a 5000x return on initial investments.

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Jack Altman Financial Details 2024

While the dollar figures around Altman’s Lattice windfall dominate headlines, his entrepreneurial career extends beyond this breakout success story.

After graduating from Princeton in 2011 with an economics degree, he entered the startup domain as an early-stage venture capitalist focused on pre-IPO tech companies.

During this period, Altman directly financed future unicorns like Opendoor, Flexport, and PlanGrid, which likely earned him a healthy return on investment.

He then pivoted to gaining firsthand experience guiding a promising startup, serving as VP of Business Development for custom apparel pioneer Teespring before founding Lattice.

Altman’s plans to intensify Lattice’s international reach in the 2024 region coincide with a favorable financial projection for his finances.

Having just entered his 30s, his billion-dollar fortune will likely continue ballooning in step with the trajectory of his high-growth company.

Most expect Lattice to pursue either a public listing or a private acquisition over the next 2–3 years.

Jack Altman family details

Hailing from St. Louis, Missouri, Jack Altman was born into a prosperous Jewish family.

His mother worked as a dermatologist, while his father previously owned a real estate brokerage.

As the eldest of four children, Jack grew up alongside brothers Sam and Max and sister Annie.

His brother Sam has achieved great prominence as CEO of OpenAI and former president of the renowned Y Combinator startup incubator program.

Jack notably officiated the wedding ceremony when Sam tied the knot, indicating their close fraternal bond.

Though now based in San Francisco, focusing on Lattice, Jack Altman remains connected to his Midwestern roots and supportive family network back home.