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+ - Making a Living from open source (a year later)

Submitted by
asimbaig
asimbaig writes "Its been over a year since I last posed a question on whether its "really" possible to make a decent living building open source software. I got a lot of good feedback from slashdotters and the open source community. I thought I would provide an update on our experience. In one short year, CATS, our open source Applicant Tracking System has become the number one ATS in the market including commercial packages. We didn't have any revenue last year and we didnt focus on it either since we were too busy building the sofware. We started selling the hosted solution this year and have sold about 100 seats in 2 months bringing us $3000/month in recurring revenue. We just signed an OEM / Source Code license agreement with a large company for $200k. I expect to sell 4-5 of these OEM deals this year. I think making CATS open source played a significant role in our success to date....Marketing."

The reason that every major university maintains a department of mathematics is that it's cheaper than institutionalizing all those people.

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