so that's where the term, 'vaporware' came from originally?

no I was being facetious.

He didn't actually own a company called "Vaporware Inc.", his company was alleged to have been seeking funding for vaporware or perhaps something unattainable by some knowledgeable people's standards would be a more polite way to put it.

The fact stands that "vaporware" was the word used to describe it by others.