AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Bessemer venture partners11/16/2023 ![]() ![]() We believe this trend is only going to intensify as we see large software giants struggling to compete with a new kind of competitor who instead of spending hundreds of millions on sales and marketing, leverages a broad and vibrant community of users to penetrate the market. ![]() In the past few years, the world has seen open source software replace some closed-source incumbents, with enterprises ripping and replacing critical infrastructure with newer and better open-source alternatives. So where exactly is open source creating value? Managed open source leader, Tidelift, reported in a recent survey that 92% of developers surveyed said their applications contain open source components.Īs big believers in developer-centric businesses, we have been closely watching the rise of open source software and are excited about the potential win-win omnipresent in these businesses: value for the community and the entrepreneur. In fact, a major portion of the codebase of newly developed applications consists of open source software. ![]() One major development is worth emphasizing: once considered the cheaper version of closed source software, open-source software is now viewed as the superior alternative offering higher quality, better support, and more flexibility.Īs decision-making power continues to shift to developers, companies large and small are more willing than ever to embrace open source software and all of its benefits into their production software. Much has been written about the dramatic shift in attitude towards open source in recent years-from the creation of the GNU project out of MIT back in 1983, to the launch of Github in 2008, through the acquisition of RedHat by IBM for $34 billion last year-so we won’t rehash the history of open source here. In just the past two years, there has been over $80 billion in liquidity value generated from the acquisition, merger, and IPOs of open source software-based businesses, so it should come as no surprise that the pace of venture investments into this space is growing faster than ever. It’s no secret that open source is taking over the software development world. ![]()
0 Comments
Read More
Leave a Reply. |