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Open wallets for open-source software (News.com)
News.com is carrying a New York Times story on an upsurge in venture funding for open source companies. "Venture capitalists are again embracing open-source technology companies. JBoss, which offers a layer of software for controlling Web applications, was one of 20 such businesses that raised $149 million in venture money in 2004, according to estimates by research firm VentureOne. At least three open-source start-ups raised $20 million last month alone.
But given some spectacular open-source failures in the late 1990s, a natural question may be whether some of these venture capitalists have perhaps lost their minds."
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Conversely... Posted Apr 27, 2005 15:39 UTC (Wed) by b7j0c (subscriber, #27559) [Link] I wonder what the venture situation is like for anyone still pursuing the closed-source-ships-on-a-CDROM software business...
I am wondering if VCs have caught on to the fact that platform software in particular (RDBMS, webservers, OSs, etc) almost certainly need a "community" angle in order to survive and thrive.
Conversely... Posted Apr 27, 2005 17:45 UTC (Wed) by dmarti (subscriber, #11625) [Link] There might be some open source effect here, but don't forget that Microsoft, with Great Plains and others, and Apple, with all the i.* products, are aggressively competing with their own ISVs. That's probably a bigger deterrent to getting into the customer-hosted proprietary software business.
Open wallets for open-source software (News.com) Posted Apr 27, 2005 23:25 UTC (Wed) by bignose (subscriber, #40) [Link] One person's opinion on establishing a software company with venture capital:
"When people ask me if they should seek venture capital for their software startups, I usually say no. At Fog Creek Software, we have never looked for venture capital. Here's why. [...]"
<URL:http://www.joelonsoftware.com/articles/VC.html>>
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