LXer: How to get VC investment for your open source business
 

Published at LXer:

So, you've got the greatest open source idea since Firefox. It's guaranteed to be bigger than TCP/IP. All you need now is some scratch to get your project off the ground. Given the genius of your idea, you're sure you'll have to beat off potential investors with a stick. If you think that's reality, I've got some subprime mortgages to sell you. Getting venture capital (VC) to fund your business is hard work, even if you have a commercial product to sell. The degree of difficulty ratchets up many times if you're an open source developer. It can be done, but it takes such single-minded focus that getting turned down multiple -- maybe even dozens -- of times won't faze you.

Read More...