Ben Pasternak facts for kids
Quick facts for kids
Ben Pasternak
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Ben Pasternak at Heureka Conference in Berlin, June 2016
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| Born | 6 September 1999 Sydney, Australia
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| Education | Reddam House Moriah College |
| Occupation | Entrepreneur |
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Benjamin Pasternak (born September 6, 1999) is an Australian technology entrepreneur. He is best known as the co-founder of Simulate, an American food technology company. Previously, Pasternak founded Monkey, a social networking app that enabled teenagers to video chat with like-minded people. He also founded the cryptocurrency project Believe, which has been the subject of investor litigation.
Pasternak was named as one of the world's most influential teenagers by Time in 2016. In 2021, he was included in the Forbes "30 Under 30" list (consumer technology category).
Early life and education
Pasternak was born in Sydney, Australia, to Anna Pasternak and Mark Pasternak. He has a younger brother, Jake, and a younger sister, Maya. Pasternak was raised in Vaucluse in Sydney's Eastern Suburbs. He was educated at Moriah College and Reddam House.
Pasternak started developing software at the age of 13. He designed his first publicly launched mobile app, Impossible Rush, while bored in science class at school. He showed the idea to his online friend Austin Valleskey, an iOS engineer from Chicago, and the pair subsequently developed the game. The game went on to be downloaded millions of times and peaked at No. 16 on the US App Store (iOS) top charts.
A few months after declining the offers, he dropped out of high school at the age of 15 and moved to New York City to accept venture capital funding for his first company.
Career
In April 2015, Pasternak founded Flogg, a social networking app for young people.
In late 2016, Pasternak shut down Flogg and pivoted the company's focus towards building Monkey, an app that enabled teenagers to video chat with like-minded people.
In February 2018, social networking company Holla announced that it had acquired Monkey for an undisclosed sum.
Simulate
In early 2018, Pasternak co-founded Simulate. The company's mission is to upgrade the world to a positive food system. Its first product, Nuggs, is a plant-based chicken nugget substitute. Simulate's Nuggs launched in July 2019.
CLOUT - BELIEVE
In January 2025, Pasternak presented his Web3 startup Clout, which focused on social media-related blockchain applications. The platform enabled the creation of cryptocurrency tokens associated with individual users who met certain follower thresholds on the app. Pasternak launched a token under the ticker $Pasternak.
In May 2025 Pasternak rebranded Clout to Believe.The company switched it's focus to launching tokens for memecoins and startups similar to their own token, newly renamed from $Pasternak to $Launchcoin. The rebranding hyped the token once more and brought it to it's all time high at $350 Million valuation or $0.35 per token.
On October 15, 2025, Pasternak announced another renaming of his token from $Launchcoin to $Believe. The migration, where holders had to "upgrade" their tokens on the Believe website, was forced as the remaining $Launchcoin were made near worthless afterwards. This sparked a dispute as the $Believe token had 33% more supply than the $Launchcoin token. The extra supply was given to Pasternak and the Believe team, seemingly with no lock. This resulted in 33% loss for all holders of the old token, who were not able to dispute or speak up against the decisson.
In December 2025, allegations were made by Avi Patel, founder of Kled.ai, regarding Pasternak’s handling of his supply of the $Kled company token, including claims of token sales following a prior fee arrangement. The valuation of $Believe dropped, from the migration date in October to December 17, the publication date of the mentioned accusations, by 90% in total.
On December 25, 2025, Burwick Law announced preparations for a class action lawsuit against Pasternak and the Believe platform. The lawsuit was filed in the United States District Court for the Southern District of New York on March 23, 2026. It alleged that Pasternak and his platform Believe conducted a coordinated campaign involving multiple tokens that resulted in significant investor losses. Mr. Burwick described the system as a cycle following the system of generating hype with promotional activity, followed by rapid price appreciation and a catastrophic decline.
The Believe platform generated a volume of approximately $6 Billion in volume and $54 Million in trading fees.
Personal life
Pasternak lives in the Soho neighborhood of New York City.
