LinuxQuestions.org
Did you know LQ has a Linux Hardware Compatibility List?
Go Back   LinuxQuestions.org > Forums > LinuxQuestions.org > Linux - News
User Name
Password
Linux - News This forum is for original Linux News. If you'd like to write content for LQ, feel free to contact us.
All threads in the forum need to be approved before they will appear.

Notices

Reply
 
Search this Thread
Old 08-13-2013, 12:01 PM   #1
jeremy
root
 
Registered: Jun 2000
Distribution: Debian, Red Hat, Slackware, Fedora, Ubuntu
Posts: 10,609

Rep: Reputation: 2652Reputation: 2652Reputation: 2652Reputation: 2652Reputation: 2652Reputation: 2652Reputation: 2652Reputation: 2652Reputation: 2652Reputation: 2652Reputation: 2652
Why Ubuntu’s creator still invests his fortune in an unprofitable company


Quote:
Ubuntu's desktop "on its own will die"—Shuttleworth on why Canonical must expand.

When Mark Shuttleworth founded Canonical in 2004, he made a promise to his staff: "You can count on me for two years."

The idea was "to get the team to relax" and focus on the newly created Ubuntu operating system. Shuttleworth wanted to eliminate the pressure of becoming a blockbuster business overnight.

He issued no ultimatums. And although Shuttleworth wanted Canonical to be self-sustaining, he didn't threaten to abandon Ubuntu if it lost money. "When we started, I told the team two years," he recently told Ars. "I didn't say, 'till it's profitable.' I said, 'You can count on me for two years. What I want to really see is evidence of a clear path to success and really interesting disruption.'"

Now nearly 10 years later, Canonical remains unprofitable. Shuttleworth is worth an estimated half-billion dollars, having made his fortune by creating a digital certificate authority that he sold to VeriSign for $575 million in 1999. Today, he continues funding Canonical from his own fortune.

The desktop will die without a mobile counterpart

Shuttleworth still isn't issuing any ultimatums over profitability to Canonical employees. In fact, he's increased the amount he invests in the company as it moves beyond its desktop and server businesses into the mobile phone and tablet market with Ubuntu Touch.

"I think the desktop on its own will die," Shuttleworth said, explaining that it must be paired with mobile success to embrace the shifting nature of personal computing.
More at Ars Technica...

--jeremy
 
  


Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Can't open company website from outside only when inside the company lan perfectpol7 Linux - Server 6 01-16-2012 10:42 AM
LXer: Android software development relatively unprofitable LXer Syndicated Linux News 0 09-02-2009 12:40 PM
LXer: Red Hat Invests In Open Source Business Intelligence Company LXer Syndicated Linux News 0 12-10-2008 02:40 PM
LXer: AMD Invests in Ailing Chip Company Transmeta LXer Syndicated Linux News 0 07-07-2007 02:16 AM


All times are GMT -5. The time now is 09:41 PM.

Main Menu
Advertisement
My LQ
Write for LQ
LinuxQuestions.org is looking for people interested in writing Editorials, Articles, Reviews, and more. If you'd like to contribute content, let us know.
Main Menu
Syndicate
RSS1  Latest Threads
RSS1  LQ News
Twitter: @linuxquestions
identi.ca: @linuxquestions
Facebook: linuxquestions Google+: linuxquestions
Open Source Consulting | Domain Registration