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(Finally) Meeting Mr. Open Source Business

Oct 06, 2010, 01:34 (0 Talkback[s])
(Other stories by Glyn Mody)

[ Thanks to E5Rebel for this link. ]

"The careers of few people have been so intertwined with the history of open source as that of Larry Augustin. He was even present when the term "open source" was coined, at a meeting at the offices of his GNU/Linux hardware company VA Linux, on 3 February 1998. Present were Eric Raymond, John "maddog" Hall, Sam Ockman (from the Silicon Valley Linux User Group) and Christine Peterson, president of the Foresight Institute - and the person who actually came up with the name.

"The next year, VA Linux hit the headlines because of its IPO: the shares opened at $30 and closed at $239.25, an increase of nearly 700 percent - a record for the largest first-day gain of an initial public offering. Because leading hackers were allocated shares at the opening price, this meant that several big names became quite rich on paper - notably Linus Torvalds and Eric Raymond. The latter wrote a typically entertaining and self-regarding piece about it called "Surprised by wealth", which begins:"

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