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IT Manager's Journal: As Venture Dollars Flow to OSS Companies, CEOs Urged to be Picky

Sep 06, 2006, 20:15 (0 Talkback[s])
(Other stories by Tina Gasperson)

"It's no secret that the open source business model is attracting the attention of venture capital dollars. The list of companies that have received millions in funding recently includes JBoss, SugarCRM, SourceLabs, Hyperic, Zenoss, and Digium, to name a few. Still, if your OSS company is hoping to catch the eye of a venture capitalist, don't just jump on the first offer that comes in, say the experts.

"Source code is almost a commodity; a shroud of proprietary secretiveness is not what gives it value anymore. Now the open source community gives software away, making service and support the centers of profit for commercial enterprise. Not only can one make a living providing that support, but one can build a multi-million-dollar company as well, supporting a market that IT research firm IDC predicts will reach $2.8 billion in Linux server sales by 2008..."

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