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WinterSpeak.com: Interview with Sleepycat President and CEO, Michael Olson

Nov 02, 2001, 16:10 (1 Talkback[s])
(Other stories by Zimran Ahmed)
"Could you tell us a little about Sleepycat?
Sleepycat Software was founded in 1996 to develop, maintain and support the open source Berkeley DB product. Our approach to business has been very different from that of many other software companies that started during the past several years. We've always been funded by our revenues, and have never taken any capital from outside investors. We've been profitable since inception.

We have a dual licensing strategy that permits us to distribute an open source product but still make a living off of software licensing for that same product. Open source licensing has given us an enormous installed base and a large pool of developers who know and like our product. Our for-pay licensing strategy has allowed us to hire developers, salespeople and marketing staff, and to promote and support Berkeley DB.

We've doubled revenues annually since we started Sleepycat. Despite the tech downturn in 2001, we expect to record substantial growth in revenues this year as well. The company was started by two people, Margo Seltzer and Keith Bostic. Today we have thirteen employees, mostly in Boston and the SF Bay Area, with a few elsewhere."

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