Industry Software development Defunct March 2001 Headquarters United States of America Ceased operations March 2001 | Fate closed Products Software Founded January 2000 | |
Key people Marc Hedlund, CEO
Nelson Minar, CTO | ||
Popular Power was a company founded in January 2000 that sold distributed computing software for CPU scavenging. The company was led by Marc Hedlund, CEO, and Nelson Minar, CTO.
The "Popular Power Worker" software was a downloadable Java-based application that Internet users could install onto their computers. It allowed users' computers to participate in a non-profit project to develop an influenza vaccine.
Although Popular Power was able to raise $1.6 million in angel round funding, it was unable to close the venture capital it needed to continue.[1] As a result, it had to permanently shut down operations in March 2001.
References
Popular Power Wikipedia(Text) CC BY-SA