Thunder Funder on Nostr: Many think that open-source companies don't make any money. Here are some examples of ...
Many think that open-source companies don't make any money. Here are some examples of highly profitable open-source projects: 👇
🎩 Red Hat: The OG of open-source profit. Built an empire on Linux and got scooped up by IBM for $34 billion in 2019. Not too shabby for "free" software!
🍃 MongoDB: This NoSQL database is no joke in the profit department. Went public in 2017 and hit $1 billion in revenue in 2023!
🔍 Elastic: The brains behind Elasticsearch. Went public in 2018 and is raking in hundreds of millions annually.
🦊 GitLab: DevOps darling that went public in 2021. Worth billions now. Turns out, developers love paying for tools that make their lives easier!
🌊 Confluent: Riding the Apache Kafka wave to the bank. IPO'd in 2021 at an $11+ billion valuation.
⚡ Databricks: The spark in Apache Spark. Still private but valued at $30+ billion.
🔒 HashiCorp: Securing the bag with open-source infrastructure tools. Went public in 2021 at $10+ billion valuation. Security sells!
🐘 Cloudera: Hadoop's golden child. Taken private in 2021 for $5.3 billion.
The lesson? Open source can be insanely profitable when done right. It's not just about free software, it's about building communities, solving real problems, and offering value-added services.
Published at
2024-08-12 13:46:58Event JSON
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"content": "Many think that open-source companies don't make any money. Here are some examples of highly profitable open-source projects: 👇\n\n🎩 Red Hat: The OG of open-source profit. Built an empire on Linux and got scooped up by IBM for $34 billion in 2019. Not too shabby for \"free\" software!\n🍃 MongoDB: This NoSQL database is no joke in the profit department. Went public in 2017 and hit $1 billion in revenue in 2023!\n🔍 Elastic: The brains behind Elasticsearch. Went public in 2018 and is raking in hundreds of millions annually. \n🦊 GitLab: DevOps darling that went public in 2021. Worth billions now. Turns out, developers love paying for tools that make their lives easier!\n🌊 Confluent: Riding the Apache Kafka wave to the bank. IPO'd in 2021 at an $11+ billion valuation. \n⚡ Databricks: The spark in Apache Spark. Still private but valued at $30+ billion. \n🔒 HashiCorp: Securing the bag with open-source infrastructure tools. Went public in 2021 at $10+ billion valuation. Security sells!\n🐘 Cloudera: Hadoop's golden child. Taken private in 2021 for $5.3 billion. \n\nThe lesson? Open source can be insanely profitable when done right. It's not just about free software, it's about building communities, solving real problems, and offering value-added services.\n\nhttps://image.nostr.build/611fbb0cf948f6da63a0fac74b5d1dba48eceee6b8ee9fdd956ea99ed3f54a54.jpg\n",
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