Shawn Fanning Net Worth is$7.5 Million
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Profession: Programmer, Entrepreneur, Businessperson, Software Developer
Date of Birth: Nov 22, 1980
Nicknames: Napster Fanning
Country: United States of America
Shawn Fanning is a programmer, entrepreneur, and investor, originally from the US, with an estimated net worth of $7.5 million dollars. Shawn Fanning created Napster, the file- sharing platform. Napster was originally free, but after losing a court appeal, is now a subscription site. He also invested in a number of technology startups. Related celebrity: Sean Parker Net Worth
Shawn Fanning (born November 22, 1980) is an American computer programmer, serial entrepreneur, and angel investor. He developed Napster, one of the first popular peer-to-peer ("P2P") file sharing platforms, in 1998. The popularity of Napster was widespread and Fanning was featured on the cover of Time magazine.
The site in its initial free P2P incarnation was shut down in 2001 after the company's unsuccessful appeal of court orders arising from its encouraging the illegal sharing of copyrighted material. A paid subscription version of the site followed, and was purchased by Rhapsody on December 1st, 2011. Following his involvement with Napster, he joined, and invested in, a number of early-stage technology startup companies.
In 2002, Fanning was named to the MIT Technology Review TR100 as one of the top 100 innovators in the world under the age of 35. In 2003, he opened a new company, Snocap, along with Jordan Mendelson (Napster's Chief Architect), and Ron Conway. The company aspired to be a legitimate marketplace for digital media. However, their partners and the public did not respond well. Customer support was poor, and technical issues were numerous. One of their primary partners, CD Baby, wrote a scathing account of their relationship. In late 2007, Snocap laid off 60% of its workforce. ValleyWag wrote an article that Fanning had long left Snocap and began to work on another venture, Rupture. The ValleyWag article stated that the failure was largely due to Snocap's CEO Rusty Rueff and that of former CTO Dave Rowley, who "made a mess of engineering before he was fired".Snocap was looking to sell itself and fast. In 2008, they found a buyer; imeem acquired Snocap in a fire sale.
The Rupture project was announced in late 2006 with seed funding, and CrunchBase notes the date Shawn officially became CEO of Rupture was October 2, 2007. In December 2006, Fanning developed Rupture, a social networking tool designed to handle the task of publishing gamers' ind

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Shawn Fanning Latest News

Napster Cofounder Shawn Fanning Is Allegedly a Deadbeat Dad [Update]

When Jessica Wigsmoen first met Napster cofounder Shawn Fanning at a party at Sean Parker's West Village party house, she didn't think it would end like this. "I lived in New York, I had a really good life," Wigsmoen told me by phone last week. "I met this ...
Posted: January 22, 2014, 6:35 am

Shawn Fanning's Struggle

At the nondescript offices of Napster Inc. in San Mateo, Calif., I'm waiting to meet 19-year-old Shawn Fanning, its co-founder, for a lunchtime interview. Right now, Napster--a startup named for the company's free software program that lets users turn ...
Posted: April 30, 2000, 9:00 pm

Shawn Fanning's connected hardware platform Helium raises nearly $16M

Helium Systems, an Internet of things-inspired platform that aims to connect low-power devices without Wi-Fi or Bluetooth, today announced a $15.98 million funding round in a public company filing. The filing’s date of first sale aligns with a ...
Posted: October 1, 2014, 10:58 pm
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