Another day, another multi-billion IPO for open source
Mike Volpi, a partner with Index Ventures, had just secured a billion-dollar payday with Confluent’s IPO ($1.3 billion, to be more exact). So when he told TechCrunch that venture capitalists weren’t too “hyped” about investing in open source in 2015, and that this changed only recently, he can be forgiven for a bit of revisionist history.I get it. But VCs have been pouring money into open source since Red Hat lit the fuse back in 1999 when it went public, with no deceleration since then. What has changed is the kind of open source investment that succeeds. Open source used to succeed by copycatting proprietary software. Now it’s winning by creating whole new categories. (And yes, Volpi has been successful by investing in both.)To read this article in full, please click here
Mike Volpi, a partner with Index Ventures, had just secured a billion-dollar payday with Confluent’s IPO ($1.3 billion, to be more exact). So when he told TechCrunch that venture capitalists weren’t too “hyped” about investing in open source in 2015, and that this changed only recently, he can be forgiven for a bit of revisionist history.
I get it. But VCs have been pouring money into open source since Red Hat lit the fuse back in 1999 when it went public, with no deceleration since then. What has changed is the kind of open source investment that succeeds. Open source used to succeed by copycatting proprietary software. Now it’s winning by creating whole new categories. (And yes, Volpi has been successful by investing in both.)
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