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

Shawn Fanning And Sean Parker Are Back With An Ambitious New Project; Investors Abound

Longtime collaborators Shawn Fanning and Sean Parker are back together working on an ambitious new project, we’ve learned. In 1999, Fanning and Parker introduced the world to Napster. Their music sharing service was absolutely culture changing and ...
Posted: April 14, 2011, 5:00 pm

Sean Parker's Airtime Launch: Olivia Munn, Joel McHale, Jim Carrey & More Improvise As Event Unravels

Whatever Napster founders Sean Parker and Shawn Fanning paid the celebrities who attended this morning's unveiling of their new video-chat application, it wasn't enough. Olivia Munn, Joel McHale, Julia Louis-Dreyfus, Ed Helms and Jim Carrey were forced to ...
Posted: June 5, 2012, 6:45 am

Napster Founders Unveil a Video Chat Service

But this one is getting extra attention because of its high-profile founders: Sean Parker and Shawn Fanning, two of the creators of the music-sharing service Napster. Their start-up lets people use webcams to connect with their Facebook friends or random ...
Posted: June 5, 2012, 3:20 am

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 Helium Launches A Platform For Sticking Sensors Everywhere In The Enterprise

Helium was founded by Napster-creator Shawn Fanning and Amir Haleem, who used to work in the video game industry. Fanning currently serves as Chairman, while Haleem runs the company as CEO. The two founded the company because they started seeing their ...
Posted: October 27, 2015, 6:07 am
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