“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…”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
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