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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."

1 of 66 comments (clear)

  1. interesting by cyberfunk2 · · Score: 3, Insightful

    An interesting way to fund Open source based buisness ideas... but the captial seems a little small spread out over that many ideas... will it run out before the ideas pan out ?