Seems Rod isn’t immune to the typical startup hunger for cash. They raised another $15 million today. To put things into perspective, Jboss raised $10 million in 2004. When we got acquired in 2006 we had only burned through 5-6 million and that was after the Arjuna acquisition, building a new 2 floor office, and adding 150 people to the payroll. I’ve been at startups that burned through 10 million in 6 months then went out of business. I hope this is good news rather than bad news for the SS. Even though I do trash them every once in awhile, every professional open source success is good for the industry and inches the industry closer to an open source model.
Archive for July, 2008
SpringSource goes for 15M more
Posted by billburke on July 9, 2008
Posted in business, spring | 3 Comments »
