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IT Manager's Journal: Investing In Open Source Companies: Nobody's Getting Rich--Yet

Jan 08, 2004, 00:00 (2 Talkback[s])
(Other stories by Chris Preimesberger)

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"A panel of people who know about such things agree that if commercial open source software and services companies are to continue to be profitable, some of the current business models are going to have to be revisited and/or fine-tuned. Experts at the recent SD Forum Open Source Summit took on this very topic and came up with some cogent advice for would-be investors.

"Comprising the panel were emcee Fred Vogelstein, technology writer for Fortune magazine; Krys Corbett, lawyer with Wilson Sonsini in Palo Alto, Calif.; Mitchell Kertzman, a partner with Hummer Winblad Venture Partners in San Francisco; Pradeep Tagare, strategic investment manager of Intel Capital; and Peter Fenton, partner in Accel Partners.

"'First of all, will anybody get rich doing this (investing in open source)?' Vogelstein said. 'Well, this hasn't happened yet, but it also doesn't mean it won't happen...'"

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