Welcome to the open source renaissance

Gigaom

In the span of just a few years, open source has produced businesses that are incredibly attractive to the investment community. In 2012, open source venture investment jumped 80 percent over the prior year with $553 million invested, compared to $307 million in 2011. VCs have flocked to darlings like MongoDB, Open Stack, Cloudera, Puppet Labs and Hortonworks because these companies are solving incredibly difficult challenges in the cloud and big data arena faster than any proprietary software vendor could.

So why the big increase in interest now? Open source software has been around for years, in many cases implemented on the fringes by developers who prefer the freedom and flexibility of contributing to the evolution of the platforms with which they choose to work. There were even early glimmers of promise; for example, Linux proved to be a fast, effective server platform for many businesses before it grew…

View original post 724 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s