Open Source investment takes off

For any who doubt the rise and acceptance of Open Source, take a look at ComputerWire’s report on how much venture capital is being invested in this space. Not only did those investments more than double from last year, not only is it nearing a total of $1 billion invested since 2000, but this growth is “vastly outpacing” investments in the rest of the IT market. The market demand for open source solutions is driving proliferation of new products and the financial backing for those companies focused on developing them and bringing them to market. And, most of the VCs I know want to see a 10x return on their investment over 5 years, making the 2011 valuation look pretty sizable. The article is a highly worthwhile read.