LXer: The Venture Capital Reluctance Toward Linux
Nov 03, 2005, 02:30 (0 Talkback[s])
(Other stories by Tom Adelstein)
"The $40 million or so Novell paid for Ximian got Boston area
VC's Charles River and Battery Ventures out of a sour looking Linux
investment in August 2003. Other venture capitalists from angels to
the mega-billion dollar funders like Kleiner Perkins may have felt
a little envy. They all found themselves in a game of musical
chairs when the band stopped playing in 2001. In retrospect those
days seem akward.
"With Red Hat looking like a potential institutional stock and
Novell peeping around the corner again, one might think that Linux
companies would have a chance at serious financing. Don't count on
it. Venture Capital firms have little to no interest in
Linux..."
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