13 Open Source Hardware Companies Make $1+ Million

Posted by kdawson on Monday May 10, 2010 @01:46PM from the make-it-up-on-volume dept.

kkleiner writes "Selling products whose design anyone can access, edit, or use on their own is pretty crazy. It's also good business. At the annual hacker conference Foo Camp East this year, Phillip Torrone and Limor Fried from Adafruit Industries gave a rapid fire five-minute presentation on thirteen companies with million+ dollar revenues from open source hardware. The thirteen add up to $50 million this year. While this business model is counter-intuitive for those accustomed to our current patent- and copyright-encrusted system, Torrone and Fried estimate that the industry will reach a billion dollars by 2015."

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Why $1B in 2015?? by Bender_ · 2010-05-10 14:40 · Score: 0, Offtopic

Growing from $50m to $1B in five years would mean that the market for open sources increases twentyfold in just five years. OSS has been around since the 80ies, OSS companies have been around since the nineties. So it took 15 years for the market to grow to $50m, why on earth should it increase twentyfold in just five measly years? Like many analysts, he is just making up numbers.