Filed under: Venture World
Open-source venture funding is up, some estimate close to $180m invested in open-source companies in 2005. For some reference, current estimates are $22b in venture funding in 2005 with about $5b invested in software companies.
http://news.com.com/Open+source,+open+wallet/2100-7344_3-5934144.html
Some folks are now questioning the open source "bubble", arguing that a $15m series-A to an open source company is probably a little excessive.
The trend is so popular, that there is now an open source venture fund.
A funny quote:
Frank Catalano joked that he had discovered at least one way to make money in the burgeoning open source movement. The technology guru, who was moderating a panel discussion on the topic, then held up a brochure from a law firm that was marketing seminars on open source software.
http://seattlepi.nwsource.com/venture/241908_vc23.html
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