Nuclear Winter for Tech Startups? Not if You’re Open Source

“What do we notice? These young companies are largely engaged in
selling Web 2.0 technologies to consumers. (Tesla, of course, is a
maker of electric cars.) They certainly use open source technology
(who doesn’t these days?), but as far as I can tell, they are not
engaged in distributing open source applications or
infrastructure.

“One reason Web 2.0 companies and those focused on SaaS
(software as a service) are taking hits is the sheer number of
startups funded in the last few years. Analyst Trip Chowdhry of
Global Equities says there were more than 900 such companies funded
in the last few years. “There are more companies than customers,”
he says.”

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