How open-source software took over the world | TechCrunch

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It was just five years ago that there was an ample dose of skepticism from investors about the viability of open source as a business model. The common thesis was that Red Hat was a snowflake and that no other open-source company would be significant in the software universe. Fast-forward to today and we’ve witnessed the growing excitement in the space: Red Hat is being acquired by IBM for $32 billion (3x times its market cap from 2014); MuleSoft was acquired after going public for $6.5 billion; MongoDB is now worth north of $4 billion; Elastic’s IPO now values the company at $6 billion; and, through the merger of Cloudera and Hortonworks, a new company with a market cap north of $4 billion will emerge. In addition, there’s a growing cohort of impressive OSS companies working their way through the growth stages of their evolution: Confluent, HashiCorp, DataBricks, Kong, Cockroach Labs and many others. Given the relative multiples that Wall Street and private investors are assigning to

How open-source software took over the world | TechCrunch How open-source software took over the world Mike Volpi 9:00 AM PST · January 12, 2019 It was just five years ago that there was an ample dose of skepticism from investors about the viability of open source as a business model. The common thesis was that Red Hat was a snowflake and that no other open-source company would be significant in the software universe. Fast-forward to today and we’ve witnessed the growing excitement in the space: Red Hat is being acquired by IBM for $32 billion (3x times its market cap from 2014); MuleSoft was

How open-source software took over the world | TechCrunch

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