Open Source Venture Fund Unveiled

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."

Comments

Re:The transition from project to services

[Timesprout]

I will be interesting to see alright. LogicBlaze was formerly ActiveMQ a JMS implementation which while not bad has no compelling features in what is quite a competive arena. Mergere (what a stupid name) was formerly Maven, a tool which as far as I could see had a small vocal support group but engendered pathological hatred in most people who used it (disclaimer I tried it a while ago and despised it).

Anyway good look to them.

Re:Site Design & Structure

[updog]

Yes, looks like the sites are just placeholders created by Simula Labs - look at the contact info: Simula Labs 2321 Rosecrans Avenue, Suite 1265 El Segundo, CA 90245 Phone: +1 310 356 6888 FAX: +1 800 822 0471 LogicBlaze 2321 Rosecrans Avenue, Suite 1265 El Segundo, CA 90245 Phone: +1 310 356 6888 FAX: +1 800 822 0471 Mergere, Inc. 2321 Rosecrans Avenue, Suite 1265 El Segundo, CA 90245 Phone: +1 888 796 6737 Fax: +1 310 545 9786

Duplicate name for that venture capital company

[arcade]

Simula Labs is located in Norway, the country where the Simula programming language originated. The _real_ Simula Labs homepages are at http://www.simula.no/ :-)

Re:interesting

[Electrum]

Double your salary in benefits?

yintercept is half right. Doubling the salary is a good rule of thumb of the total cost of the employee. But that cost should include equipment, office space, management overhead, etc.