Pattern Founders Build $2.2 Billion Fortune as E-Commerce Firm Tops $4 Billion Value
Updated
Updated · Forbes · Aug 9
Pattern Founders Build $2.2 Billion Fortune as E-Commerce Firm Tops $4 Billion Value
1 articles · Updated · Forbes · Aug 9
Summary
David Wright and Melanie Alder held a combined $2.2 billion Pattern stake as of Aug. 7, plus nearly $90 million in cash after selling shares soon after the company’s September IPO.
Pattern’s rise has been driven by a stock price that nearly doubled since the listing and by revenue growth above 40% every quarter as it helps more than 200 brands sell across 70-plus online marketplaces.
Revenue reached $2.5 billion in 2025 and $1.6 billion in the first half of 2026, though the inventory-heavy model kept profits relatively thin at $16 million last year and $56 million in the latest half.
The company, started in 2013 from Alder’s living room reselling products on Amazon, now counts Amazon for 93% of revenue and has drawn scrutiny over workplace culture, executive turnover and a 2025 short-seller attack.
Wright says Pattern is positioning for AI-driven shopping as another marketplace opportunity, aiming to turn one of Utah’s most valuable public tech companies into its biggest.