VC funding for OSS-related vendors in 2009
The latest report from the 451 Group’s CAOS (commercial adoption of open source) practice is now available, presenting an analysis of venture capital funding for open source software-related vendors in 2009.
VC funding for OSS-related vendors was down considerably in 2009, as predicted. However, the decline was not actually as steep as I or others had predicted, and figures from the National Venture Capital Association and PricewaterhouseCoopers indicate OSS-related vendors fared better in terms of investment compared to software as a whole.
As well as an overview of the statistics from 2009, the reports also includes an update on the trends seen in investment for open source-related vendors since the investment in Cygnus Systems from Greylock Partners and August Capital in 1997.
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