Linux.com: It's Never About The Benjamins; Profit Push Destroying Linux Companies?Oct 17, 2000, 17:07 (9 Talkback[s])
(Other stories by Emmett Plant)
"A friend came up to me last week, and told me about the incredible pains that have put his Linux company through the wringer. Investors wanting to rush to the market for the quick buck, and having to drop staff members to find the fastest route to profitability. This certainly isn't what he had in mind when he started his company."
"It seems that the problem is that investors are interested in quick money, especially in the tech industry. The drive to move companies to the stock market as quickly as possible is put forth by investors, not by technology or the community. Investors need to move on the hot and popular, and the same hype that got Linux on millions of desktops is the same hype that is helping to destroy and dismantle the smaller Linux companies that started with a dream. My friend has a company that was originally intended to be owned by the community, not by the market."
"You know, I always thought we had to take back software from proprietary interests and monopolistic tendencies; I never thought we would need to take back Linux from the stock exchange. The initial run of big IPO's, like Red Hat, VA Linux, Cobalt and (then) Andover made a big impression on Wall Street, but I'm actually looking at next year's new Linux companies for some sound reasoning and strong business development."