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Open Source Venture Fund Unveiled

Posted by timothy on from the party-like-it's-1999 dept.

prostoalex writes "Over the next three years Simula Labs will finance 6-8 open source startups with $10-15 million it got from venture capitalists, News.com says. The venture financing enterprise is mostly interested in hiring the founders of the project and selling the services based around product infrastructure. LogicBlaze and Mergere are among the first startups who got financing from Simula Labs, and it looks like a logo that incorporates orange and brown is required before you apply."

4 of 66 comments (clear)

  1. Only 6-8? by Anonymous Coward · · Score: -1, Flamebait
    I think we need more than 8 new projects:
    1. another mp3 player
    2. another cdr recorder
    3. another window manager
    4. another x server
    5. another package management system
    6. another kernel
    7. another text editor
    8. another web browser
    9. another scripting language
    10. another shell
    11. another terminal
    12. another GPL-incompatible FLOSSSL license
    13. and much much more
    See?
  2. My Linux box is un-hackable by Anonymous Coward · · Score: -1, Flamebait

    You Bill Gates loosers think you can crash my Linux box? Try it, fags....

    61.233.18.53

  3. Open Source "venture"? by Anonymous Coward · · Score: -1, Flamebait

    Oh my, they have a lot to learn!

    Somebody is going to feel the sting of dumping a few million on projects that can be forked and renamed on a whim!

    Very, very difficult to wrap a business around anything open source unless you are huge.

  4. Un-hackable my ass!!! by Anonymous Coward · · Score: -1, Flamebait

    It's not un-hackable you fucking idiot, it has at least two exploitable holes that I know about after a simple nmap scan! You better patch it man or otherwise someone will hack it to prove that you are an idiot! lol!!