Jeff Atwood addresses this question on a blog entry. His answer: there aren’t supposed to be and probably never will be any — because part of the idea of open source is to eliminate excessive profits. His post generated a long list of comments — an interesting read. (Thanks Wm for pointing this one out.)
Monthly Archive for April, 2007
According to a recent NASF report, Oregon received $90,806,100 in venture investments in Q1, out of a total U.S. pot of just over $7 billion – so Oregon received about 1.3% of the total. That’s up quite a bit from the 0.42% Oregon received in Q1 of last year. Fluke or trend? Overall, seed and startup firms received 2.4% of the funds.
In his Silicon Forest blog, Mike Rogoway reported that there were $50M in VC investments in Oregon in 2007 Q1. Combined with the recent Ensequence $40M round, that’s $90M so far in 2007.
A Red Herring article describes how a new website, VentureHacks.com claims it will “open source” the kind of advice that top legal and financial advisors provide. As of this posting, the front page of the site features “Term Sheet Hacks”. Worthwhile reading for anyone negotiating a term sheet.
Boston Business Journal: With a recent study showing that total hedge fund assets grew by an estimated $1.89 trillion last year, fund managers are scrambling to invest quickly as they can. And in their rush to deploy these assets, it’s likely the competition they give private equity and venture capital investors — themselves awash in capital — will get more intense.
A recent San Jose Mercury News article says that Y Combinator provides seed financing, guidance and killer contacts to entrepreneurs. Y-Combinator doesn’t just back promising young companies; it helps create them.
John Cook’s Venture Blog reported that OVP has invested an undisclosed sum in a company called Collaborative Software Initiative which was started by Stuart Cohen, former CEO of the Open Source Development Labs (OSDL).
The Portland Business Journal reported today that Daverci has named Marc Cameron as CEO. Rohan Coelho is remaining with the company as executive vice president
SeattlePI.com reports that the state authority that governs the Washington State Life Sciences Discover Fund received letters of intent from 102 researchers, representing 26 institutions. Many of those applications involved partnerships with additional organizations and researchers.
A recent Forbes article reports that venture capitalists say that while the (IPO) boom is back, there is a fundamental change: The era of the overnight IPO, they say, is gone forever. That means that almost all of the Web 2.0 companies that have sprung up in the past few years simply aren’t mature enough to go public.
