The Nemesis originated as an attempt by Jon Sharp to build a Shoestring racer, with composite skins over a steel frame.

Along the way, Dan Bond convinced him to use an airfoil with extensive laminar flow and finally, Steve Ericson helped Jon design a sleeker, all composite airframe.

[2] Between 1991 and 1999, the plane won 45 of the 48 race events in which it was entered, including nine consecutive Reno Gold National Championships.

[4] To put the Nemesis performance in perspective, most production O-200 equipped aircraft are more commonly found flying at 100mph, and few can reach even half its maximum speed.

After the end of the 1999 racing season, Jon Sharp donated the aircraft to the National Air and Space Museum, and it was put on display at the NASM's Steven F. Udvar-Hazy Center in Chantilly, Virginia.