Harken Yacht Equipment is an international performance sailing hardware manufacturer headquartered in Pewaukee, Wisconsin, USA. The company was founded in a 60-foot trailer in 1967 by brothers Peter Harken and Olaf Harken. Originally, the brothers manufactured sailboats under the name Vanguard and kept the hardware business separate so they could sell to competing boatbuilders. Gary Comer, founder of Lands' End clothing company, advised and helped them distribute their first blocks by placing them in the Lands' End catalogue.
The Clipper Round the World Yacht Race was conceived in 1995 by Sir Robin Knox-Johnston and together with William Ward, founded Clipper Ventures, a company that would run the race. The first race set off a year later on 16 October 1996. The event gives paying amateur crew members the chance to sail around the world. The organizers own a fleet of identical yachts, and provide qualified skippers to lead each team. Crew can either sign up for the whole race, or one or more legs. In contrast to the slightly older Global Challenge, the Clipper race uses lighter, faster boats and the route follows the prevailing currents and winds.