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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