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Venture Capital in Open Source

Posted by ScuttleMonkey on from the throwing-money-at-open-source-can't-hurt dept.

conq writes "BusinessWeek has an interesting article on the recent interest of Venture Capitalists in Open Source. Also, a look at some of the latest companies they are supporting. According to the article, the first of three main criteria VCs look at in choosing an open source company is 'community. There has to be a huge amount of interest in it. [MySQL, Zend, and TrollTech] were already incredibly popular [when we invested]. The community is your marketing and evangelism arm. They're going to contribute and make sure this piece of software truly becomes mainstream.'"

2 of 68 comments (clear)

  1. Ironic by mysqlrocks · · Score: 5, Funny

    Entrepreneurs are every bit as eager. The words "open source" are finding their way into pitches and PowerPoint presentations around the world.

    Does anybody else find the above statement from the article ironic?

    --
    Bradley Holt
  2. Troll Community by Anonymous Coward · · Score: 5, Funny

    There has to be a huge amount of interest in it. [MySQL, Zend, and TrollTech]
    Perhaps you would be interrested in funding my new start-up: Tech Trolls; there is a huge community of us on /.