Here's why investing in an open source software startup during an economic downturn is a good idea, according to one of the top lawyers in the field
"Nothing can stop open source now — not any downturn, not anything," Meeker told Business Insider.
The money comes from building commercial versions with additional features and customer support to make IT departments happy. This model was pioneered and arguably perfected by Red Hat, now a subsidiary of IBM after a $34 billion acquisition. Meeker had similar experiences working through the dotcom bust and the Great Recession. When she launched her career as a law firm partner in 2002, she says many of her peers lost work or got laid off as work in mergers and acquisitions and commercial licensing slowed down.
Another advantage open source software startups have is that they can be launched with very little money, Meeker says. Once developers put their software to the public, it can spread quickly without sales or marketing teams since the software is free for anyone to try out.
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