Friday, April 29, 2005

View of Venture Capitalist

An interesting artible (New York Times) about Venture Capitalist on open source Company.

marc fleurySAN FRANCISCO, April 26 - The first time Marc Fleury tried to raise money for his technology start-up company, in mid-2000...

He was rejected, because he is doing open source and try to compete with IBM. Four years later his company received a combined $10 million from two prominent venture capital firms. The company is JBoss.

Something which is impossible few years back, is possible, JBoss prove it. JBoss startup small (20 developers), but with good technical background. The other open source company which doing well is Ximian (eventhough bought over by Novell now).

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