Much has already been made of a recent investment proposal filed by private equity firm Stephen Norris Capital Partners with the court overseeing the dwindling assets of the now bankrupt SCO Group. The story possesses all the ingredients of a sensational story: a high profile court case, an unnamed Middle Eastern investor, and a headline-grabbing $100 million dollar numbers.
Read more »Much ado about SCO
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VC Funding for Open Source: A Tough Sell
http://www.linuxinsider.com –
The new frontiers for open source companies are social networking-related applications and Software as a Service, said Paul Sterne, CFO of Open-Xchange. "The appetite now in the venture community is to identify companies, like ours, that sell open source products into the Software as a Service environment," he said.
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