The program was operated by Bill Koch and Harry "Buddy" Melges in the 1992 America's Cup.

[1] The yacht, named America³, was built by Goetz Custom Sailboats Inc. in Rhode Island and the carbon fiber mast package was built by the Offshore Spars Co. in Michigan.

In 1995, Bill Koch revamped the program to begin the first nearly all-female, America's Cup boat.

America3's successor, Mighty Mary, was on her way to a race-off with Young America, the boat of the third syndicate that year, to determine who went through to the 1995 America's Cup, in the lead of what ended up being the last race of the Defender Series over Stars & Stripes.

But with a commanding lead of nearly 5 minutes, Dave Dellenbaugh (the only man on the otherwise all-female crew) committed a crucial tactical error and Stars & Stripes skipper Dennis Conner made a series of moves to beat Mighty Mary to the finish line by scant seconds.