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IT-Director: Red Hat Linux money boosts open source

“One of the leading Silicon Valley venture capital outfits,
Benchmark Capital , saw a big pay back from its Red Hat investment
following the successful IPO. It has announced another investment
in the area, in Collab.net, the initiator of SourceXchange. This is
meant to let companies access the skills of open-source programmers
across the Internet. Whether this is the direction the open source
movement wants to go remains to be seen.”

“Benchmark took a 5% stake in Red Hat, one of the leading
vendors of Linux distributions. Following the initial public
offering, those shares are valued at over $400 million. Perhaps not
surprisingly, a partner in Benchmark is quoted as being a huge
believer in open source software.”

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