Happy ninth (public) birthday, Red Hat
I had nearly overlooked the fact that Red Hat went public nine years ago on August 11, 1999 with one of the top-ten single biggest gains in Wall Street history. Impressive.
And yet those stock gains weren't to last.
What did endure, however, was Red Hat's commitment to open source. Nine years later, Red Hat has yet to reach $1 billion in sales, but it gets closer each year and has provided cover for a wide array of open-source startups aiming to get funded as the "Red Hat of [insert application category]."
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