2008-07-02 08:00:03
Venture funding for open-source companies rose to $115 million in the second quarter, a 14 percent increase over the same period a year ago, according to The 451 Group. And funding for the first half of the year is up 62 percent over the first half of 2007. That's all the good news. The bad news is that seed and series A funding remains anemic and may continue to remain so while venture-backed companies struggle generally to find a public exit, i.e. an initial public offering. In the second quarter, there were exactly zero IPOs for venture-backed companies--whether they were open source or otherwise. 

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