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You should also consider seed funding. If the Open source project is in good shape and has a viable business model, you could seed fund and take some equity. I
by neilxdsouza 14y ago
You should also consider seed funding. If the Open source project is in good shape and has a viable business model, you could seed fund and take some equity.
I am from India, and it is really difficult to raise even a small amount of money here. The deal I was offered by a Seed Investment firm was - give us 5% stake (for 0 investment) and we will prepare you for seed funding. This is how bad it is here: I have working compilers and a client.
What I was looking for from seed funding was about Rs 50,000 a month which is about USD 1000 a month, so that I can work full time on my project and move it forward.
- pytrin 14y agoInteresting point. We're considering something along those lines - a crowdfunding option for open-source projects, i.e, kickstarter for open-source. The problem with pre-funding a project, is that it's much harder to create interest (unless you hit a very common, painful need) vs. an existing solution that can be used right now. We'll be looking into it more in the future.
- neilxdsouza 14y agoMy point was along the lines of something like nginx (before it was commercialised), a growing open source project. If you felt you could make a business off nginx, you could have approached the author directly made an investment and taken some equity.