![]() |
Cloud, Digital, SaaS, Enterprise 2.0, Enterprise Software, CIO, Social Media, Mobility, Trends, Markets, Thoughts, Technologies, Outsourcing |
ContactContact Me:sadagopan@gmail.com Linkedin Facebook Twitter Google Profile SearchResources
LabelsonlineArchives
|
Wednesday, April 27, 2005VC's Open Their Wallets For Open Source Startups!!(Via NYTimes) Marc Fleury cold not succeed in raising money in 2000 for his idea based on opensource, as his business idea was based on open source - but four years later, his business, still based on the same idea, invited competition amongst VC's for financing. NYTimes writes, Venture capitalists are again embracing open-source technology companies. JBoss, was one of 20 such businesses that raised $149 million in venture money in 2004. At least three open-source start-ups raised $20 million last month alone. But given some spectacular open-source failures in the late 1990's, a natural question may be whether some of these venture capitalists have perhaps lost their minds. In 1999 and 2000, according to VentureOne, venture capitalists invested $714 million in 71 open-source companies. Most of those projects collapsed. |
Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld |