Peter Fenton, general partner at Benchmark Capital, discusses what the future may look like with open source software, and how competitors view open source software companies.
Course
Accel Partners: The Benefit of Picking the Right VC
6 Lectures
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The logic behind backing a company that does not charge anything for their product is sometimes hard to understand. Fenton explains the unique relationships between a venture capital firm and an open source company they fund.
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Marc Fleury, creator of JBoss, explains why it is important, for those in business with an engineering background, to not abandon the science but embrace it. Striking a balance between the two will make for a more successful entrepreneur.
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Fleury talks about how along with financial backing, VC's have a unique body of knowledge that is highly useful for anyone starting their own business.
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Fleury talks about establishing and maintaining a critical mass within the market. Without it, he explains, you will find yourself in a very difficult situation and VCs will view you differently.
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Fleury believes the relationship between VC and entrepreneur is very important. Therefore, it is essential to pick the right VC, he says. He offers a few pointers on how to find the VC that is right for you.