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Power of the open source constant
Power of the open source constant
Investment in open source technologies and companies has been going strong for more than two decades. Credit: Dreamstime
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).
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.
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The 15 people fined in Bath on the same day for breaking Covid rules
Some had been caught at illegal gatherings
Bath Magistrates Court (Image: Bath Live)
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Fifteen people have been fined by Bath Magistrates Court in one day for breaking Covid regualtions.
On June 15, the court proceeded 15 single justice procedures involving coronavirus fines.
Getty Images
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.)