boldstart
  • Companies»
  • People»
  • Resources»
  • Events»
  • Jobs»
  • News
  • FAQs
  • Contact
« Back to Resources

Investing In Open-Source Projects: Here’s What VCs Are Looking For (crunchbase news)

  • First Check
  • |
  • 12.11.2021
By
  • Shomik Ghosh
Share!

By Shomik Ghosh

Red Hat’s IPO was more than 20 years ago, and open-source is hardly a novel new approach to software. But the recent astronomical success of public companies like MongoDB and Elastic has created an investor feeding frenzy for would-be startups with open-source origins.

Subscribe to the Crunchbase Daily

If you’ve been steadily growing your project and wondering if you’ve got what it takes to attract venture funding, let’s take a look at some of the key criteria for getting VCs excited.

Solving a frequent problem for millions of developers

One of the most attractive characteristics of open-source from an investment perspective is pretty obvious: The enormous total addressable market of tens of millions of developers on the planet. As investors, we get really excited when we see open-source projects that scratch an itch faced by the majority of this massive market.

CloudQuery, a boldstart ventures-backed company, is a great example.

More here…

©2023 boldstart ventures.
This field is for validation purposes and should be left unchanged.