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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."
I wonder how these ventures will work out. The transition from being an independent OSS project to being a captive part of a services organization can't be easy. Holding customers' hands as they deploy last-year's release is very different from writing the next bit of cool code.
The solution will be to find a management staff that can balance software development tasks versus providing services -- keeping both the project personnel and the customers happy. I'm guessing that they will do this by putting project people into "guru" positions and doing the bulk of the sales and service work with an army of hired underlings.
Two wrongs don't make a right, but three lefts do.
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
Collected these little gems from the two sites mentioned...
"Evolve your web services into real-time business processes"
"Enterprise Transaction Platform"
"JAVA-based developers are not asking if they should adopt automated build processes; they're asking how much standardization is best suited to their IT structures."
"Infrastructure Development Management (IDM)"
"Software Lifecycle Management (SLM)"
"With our message queue, enterprise service bus and clustered cache manager products, we significantly reduce the complexity and cost of integrating, managing, and maintaining distributed enterprise applications to enable organizational adaptability and flexibility in responding to constantly-evolving priorities and competitive drivers"
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