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 Founder Shawn Fanning Holds News Conference

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. JOIE CHEN, CNN ANCHOR: All right, Bobbie, we want to take you out now and following up on that Napster story. The guy who founded and created Napster, Shawn Fanning, is ...
Posted: April 2, 2018, 9:09 pm

michael fanning

Michael Shawn Fanning, 50, passed away unexpectedly on July 11 ... Clemens Michigan on December 12, 1960 to Clifford and Judith (Jefferies) Fanning. He... Michael Fanning passed away in Niagara Falls, New York. The obituary was featured in Greater Niagara ...
Posted: January 5, 2018, 9:43 pm

Shawn Fanning

You’re 18, and you only learned how to use a computer a couple of years ago. But programming seems to be right up your alley. So you drop out of Northeastern University, buy a do-it-yourself textbook, pound your straight-A brain through a series of all ...
Posted: December 22, 2017, 11:07 am
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