Cygnus going public in the next six months? 19
Lazzaro writes "Red Herring has an interview with the VC Firm
that's funding Cygnus, the last paragraph quotes
the VC as listing Cygnus along with a few other
companies in their portfolio, and saying "most
of these companies will go public in the next
six months"." There definitely will be a wave of open
source IPOs in the next year. The questions are who? (Red
Hat and Cygnus are prime candidates despite the fact that
neither is saying anything) and others like VA who are
up front that going public is their future. And the other
question is when.
Re:Cygnus already Public - NASDAQ (Score:1)
Public Means THEY OWN YOU! (Score:2)
2cents.
Re:When companies go public... (Score:2)
Money is not bad, and in fact, if you have a lot of money (from your company going public, perhaps) you no longer have to worry about paying the bills, and are THEN free to do what you like without having to worry about pleasing anyone else. Look at Woz, for example.
IPOs and such (Score:3)
On the topic of Red Hat, Cygnus and VA.
Red Hat claims not to be interested in an IPO. However the evidence indicates otherwise.
As far as Cygnus, I have no information at all.
On the matter of VA;
As they say, "The rest is left as an excercise for the reader."
Re:Public Means THEY OWN YOU! (Score:1)
Besides, the work they've done is GPL'd so we wont loose it anyhow.
Nope (Score:1)
They already are businesses, and they need to keep on being as profitable as possible - regardless of whether or not they're public.
I don't think that just because they're going public means they have to change their business models. They ALREADY HAVE models that work!
Actually... (Score:1)
But the real question noone is asking is, does Alan Cox have Redhat stock options? And if not, why not? Dude needs a bigger house.
Re:Cygnus already Public - NASDAQ (Score:1)
Re:Counting on Slashdot (Score:1)
I can't wait for this. I think it would be very interesting to start an Open-Source mutual fund. That would be very interesting.
Gordon
Re:Public Means THEY OWN YOU! (Score:1)
Counting on Slashdot (Score:1)
When companies go public... (Score:2)
Re:When companies go public... (Score:5)
And if Cygnus has VC backing, they already have someone telling them what they should do (or not, depending on the VC firm). Also, it's always good to have an employee stock option incentive plan to retain and reward employees--and stock option plans don't work unless the company goes/is public.
People like you seem to have a distorted view of capitalism and seem to think that just because a company wants to use Wall Street to raise money, they've all but sold their soul and that somehow before this they were giving away product for free, and that employees eschewed salaries in favor of prancing around in a cyber-commune, as opposed to cashing paychecks so they can buy copyleft t-shirts and the latest gear for their home computer.
The bottom line is, you're wrong. Making money and the GPL can coexist. And for linux to take over the world, they have to, because starving and hacking for nothing only gets you so far.
Re:Cygnus already Public - NASDAQ (Score:1)
Cygnus, Inc.
400 Penobscot Drive
Redwood City, CA 94063-4719
415-369-4300
Nasdaq National Market
Common Stock
Develops and manufactures diagnostic and drug delivery systems, primarily a painless, bloodless and automatic glucose monitoring device and transdermal drug delivery systems which provide for controlled release of drugs directly into the bloodstream through intact skin.