| Industry | Software development |
|---|---|
| Fate | closed |
| Founded | January 2000 |
| Defunct | March 2001 |
| Headquarters | USA |
| Key people | Marc Hedlund, CEO Nelson Minar, CTO |
| Products | Software |
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.[1]
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.[2] As a result, it had to permanently shut down operations in March 2001.