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LinuxStockNews: Exclusive Interview with the Linux Fund

Apr 24, 2000, 19:54 (0 Talkback[s])

"...Our current capital pool is over twenty million dollars and we have a letter of intent for over one hundred million. Our current investments include the seminal application company run by Miguel de Icaza, developer of the Gnome desktop that ships with Red Hat Linux and Nat Friedman; the Linux Utilities Company, developers of a set of software utilities akin to the Norton Utilities, and an application company developing the Linux equivalent of Quicken. In addition, we have two companies that are producing developer's tools, one that has an embedded version of Linux, one that has produced software that runs Microsoft Windows under Linux, and a company producing a Linux version of a secured operating system that the U.S. government has ruled will be required on all new government computers."

"My partner and I envision the Linux software world being divided into five different areas: applications, utilities, developer's tools, embedded systems, and games. We have spent the last year and a half developing relationships and signing letters of intent and term sheets with the companies that we have come to believe will dominate the Linux software world. We are actively looking at companies in each of these areas as well as in some new ones, such as wireless technology."

"Unlike many venture capital firms or mutual funds, The Linux Fund does not have a standard strategy of growing a company with the intent of selling it and distributing the gains. We are in the Linux business through a network of partner companies. The Linux Fund's goal is to become the premier Linux company by propelling Linux into the end user market."

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