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Business 2.0: Cash for Code: Programmers jump on the money train

Aug 16, 2000, 00:49 (2 Talkback[s])
(Other stories by Dylan Tweney)

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"Let's not foster any illusions about open source software: If you're a programmer, it's not going to make you rich. Even as open source makes marketing geniuses and service providers rich, as Linux has done through the initial public offerings of Red Hat, VA Linux Systems, and Andover.Net, the coders who actually built the product don't generally participate in the upside. ... Steve Elfanbaum, the chairman and co-founder of St. Louis, Mo.-based Asynchrony.com, wants to change all that."

"Asynchrony is building a community of independent software developers who use the company's Website to form ad-hoc teams, undertake development projects, and eventually, if time and luck allow, produce marketable software. Once a project is complete, Asynchrony will take over the responsibility of testing, packaging, and marketing it, in exchange for a percentage of the proceeds (between 10 and 30 percent). The remainder of the revenue will be distributed to the project's developers, who will share in the wealth according to their relative contributions."

"With Asynchrony, Elfanbaum wants to adopt many of the aspects of open-source approach to software development–distributed teams, attention to detail, high standards of excellence and personal responsibility--while making it possible for programmers to benefit materially from their efforts."

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