Bountysource CEO talks open source crowdfunding and bounties for developers

Open source software projects are seeing some success on fundraising sites like Kickstarter and Indiegogo. But Warren Konkel believes open source software needs a better funding model that’s more aligned with how software is built. So Konkel, who was the first hire at LivingSocial, teamed up with his friend David Rappo, a producer for games like GuitarHero and Skylander, and founded Bountysource, a crowdfunding and bounty site specifically designed to help developers raise money for thier OSS projects, bug fixes and feature requests. In this interview, Konkel talks about how he recently snagged a $1.1 million investment in Bountysource and gives developers tips on launching a fundraising effort for thier OSS project.