” In June 2001, Progeny Linux Systems was in crisis. Looking
around, co-founder and CEO Ian Murdock realized that the company
needed fundamental changes to survive. Four years later, Progeny is
back up to its former staffing levels and showing modest profits.
It is also one of the few Free/Open Source Software (FOSS)-based
companies from that era to survive. Murdock’s assessment of where
the company went wrong and his story of how it reinvented itself
offer some practical suggestions for other start-ups, especially
FOSS-based ones.“Progeny Linux Systems was founded in early 2001 with modest
funding from the Linux Capital Group, a short-lived venture in
which Bruce Perens was co-founder and president…”
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