article thumbnail

The Other Amazon Deal this week. Drupal founder attracts over $100 Million in 3 months.

Scalable Startup

is the for-profit company founded by Dries Buytaert, the inventor of Drupal, to support his open source project. When Open Source software projects are launched, the progenitors often start a for-profit sister company to garner some income from training, support and consulting. Because they are open source.

Founder 42
article thumbnail

Congrats to Backupify! A Great Exit Story for the First Company I Ever Backed

This is going to be BIG.

I started reading a great blog called Business Pundit in 2004. He was an interesting guy and I watched him throughout a bunch of interesting projects, like a complete open source business where all the employees got to make the decisions. Venture Capital & Technology' That was the year Twitter took off.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The IPO Market: Is Larry Bird Walking Through that Door?

Growthink Blog

For perspective, before 2001 over 40% of all venture capital exits were via initial public offerings. For the period from 2004 to 2010 a mere 324 did. That's 30 years ago, folks. By 2010, that percentage had declined to a mere 3%. Or, in hard numbers from 1990 to 1996, 1,272 U.S. companies went public.

IPO 78
article thumbnail

Splunk Founder Now Launches Entrepreneurs, Not Startups

ReadWriteStart

Michael Baum ( @michaelbaum ), whom I first met at LinuxWorld at in 2004, has a charismatic personality and an extraordinary track record, largely unheralded. We weren’t open source, but we appealed to the open source mindset. The Founder.org sister venture capital fund invested in seven of them.

Founder 60
article thumbnail

19 Psychological Tactics for Successful Crowdfunding Campaigns

ConversionXL

Education plays a major role in venture capital. But indirect reciprocity plays a powerful role in online communities, such as open-source development. And they want to be seen displaying compassion because they want to be loved themselves.” ( West, 2004 ). Describe Your Education and Past Successes.

article thumbnail

Hazards of Hiring

www.ericsink.com

2004-07-08 15:59:32 Hazards of Hiring. Many venture-capital-funded companies work this way. Twelve years later, I think there is some wisdom in hiring people who have made significant contributions to an open source community project. About Eric. twitter.com/eric_sink. Version Control by Example.

Hiring 40
article thumbnail

Economic Moats: Who Has Them? And How Do You Get One?

ConversionXL

Until 2004, when the U.S. Image source ). It’s one that many venture capital–funded startups deploy. Musk, by making his fast chargers available to others and open-sourcing Tesla’s patents , has intentionally filled a potential moat. If you left your provider, you lost your phone number.