Venture Money in Open Source

prostoalex writes "Interesting statistics from VentureOne and New York Times on open source venture capital investments: "In 1999 and 2000, according to VentureOne, venture capitalists invested $714 million in 71 open-source companies." Even more interesting stats: "Most of those projects collapsed." The article talks about both successes and failures: Red Hat, TurboLinux, JBoss."

Comments

$714 million in 71 open-source companies.

[Ed Thomson]

How much are those investments worth now??? Evin if the majority of the investements fail the few remaining can make enough to offset the failed investments. VC's don't aim to lose money, they take calculated risks in the hope that some will pay off TO THE MAXX!!!.

you got a problem with tradition?

[alizard]

VCs tanking companies through greedy stupidity was happening before the dot.com boom or even a publically available Internet.

Saw this happen at a VC-funded company I worked at back in the 1980s when they put in their own CEO who dictated a $70 price point for a C-64 music software package.