Shawn Fanning and Sean Parker team for Yo, a new video chat project
Shawn Fanning and Sean Parker, who worked together in 1990s during the early days of the music-sharing application Napster, have teamed up again and are building a new video chat project called Yo.
A source close to Fanning and Parker told The Times that Parker has been devoting a lot of time to Yo. Parker was previously Facebook's president and was recently played by Justin Timberlake in "The Social Network," a movie about the start of the world's most popular social media site.
Fanning is also involved with Path, former Facebook executive Dave Morin's photo-centric social networking start-up.
Parker, who is a managing partner at the Founders Fund venture capital firm, also works with Joe Green's Causes, a Facebook app that connects users with various causes and organizations so they can donate time or money.
The website TechCrunch reported Friday that its co-editor and founder, Michael Arrington, is one of Yo's investors.
-- Nathan Olivarez-Giles and Jessica Guynn
Photo: Napster founder Shawn Fanning, 20, attends a press conference in San Francisco on Feb. 12, 2001, a short time after a ruling by the Ninth Circuit Court of Appeals which said that Napster, the on-line music down-loading service, must prevent subscribers from sharing copywritten material. Credit: Lou Dematteis/Reuters