Oracle Racing initially formed to compete for the 2003 America's Cup. It subsequently entered a team in 2007 before finally winning the regatta, as a representative of the Golden Gate Yacht Club, in 2010. The first campaign was funded primarily by Oracle CEO Larry Ellison. The following two campaigns attracted heavy contribution from BMW, which has since dropped out as a sponsor for the upcoming championship. With tech on its side, Team USA is the favorite to win the 2013 sailing apotheosis--but fans will have to wait a little over a year to see if all the pieces come together.