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: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