(Finally) Meeting Mr. Open Source Business

Written By
GM
Glyn Mody
Oct 6, 2010

[ 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:”


Complete Story

GM

Glyn Mody

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