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LXer: The Venture Capital Reluctance Toward Linux

Nov 03, 2005, 02:30 (0 Talkback[s])
(Other stories by Tom Adelstein)

"The $40 million or so Novell paid for Ximian got Boston area VC's Charles River and Battery Ventures out of a sour looking Linux investment in August 2003. Other venture capitalists from angels to the mega-billion dollar funders like Kleiner Perkins may have felt a little envy. They all found themselves in a game of musical chairs when the band stopped playing in 2001. In retrospect those days seem akward.

"With Red Hat looking like a potential institutional stock and Novell peeping around the corner again, one might think that Linux companies would have a chance at serious financing. Don't count on it. Venture Capital firms have little to no interest in Linux..."

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