"Gnutella is a fullydistributed, peer-to-peer solution--buzzword-compliant, " says Kan, who sat through dozens of VC meetings with his programmer friends Yaroslav Faybishenko and Cody Oliver.
Frustratingly, these instruments were drawn up at a time when computing power was owned and managed by the corporation using it, so neither Safe Harbor nor BCR agreements will stand up to a fullydistributed cloud.
It stopped all additions to the fund on 15th June, and the fund should be fully redeemed by August 22nd or slightly thereafter and proceeds distributed.