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CNET News.com: Benchmark Capital invests in more open-source projects

Aug 26, 1999, 02:09 (1 Talkback[s])
(Other stories by Stephen Shankland)

"Benchmark Capital, one of Silicon Valley's most noted venture capital firms, announced an investment this week in another open-source project, dubbed Collab.net. Collab.net's central feature is SourceXchange, a project initiated by Hewlett-Packard and O'Reilly and Associates that lets companies tap into the talent of open-source programmers across the Internet."

" 'I'm a huge believer in open source," said Benchmark partner Kevin Harvey in an earlier interview. "Communally developed software, as opposed to one company hiring engineers and running the entire agenda, is a much more compelling way to advance the agenda.' "

"While it's not surprising to hear that a Red Hat investor boosts Linux, Harvey has some bold predictions for the success of the upstart operating system. It's already displacing Windows, starting with Windows NT and heading toward Windows 98. 'How long till it outstrips Windows? I think three to five years,' he said."

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