Effects of Open Source on Venture Capital

TRUTH ABOUT RAISING VENTURE CAPITAL

Don.Sheu@ThreeMice.net@ulysseas

French born, naturalized as US citizen

Founded American Research and Development

Invested in DEC

AT THE BEGINNING

Hewlett Packard founded in garage

Symbolic founders of Silicon Valley

Name decided by a coin toss

SILICON VALLEY

SILICON VALLEY

Fairchild Traitorous Eight

Eugene Kleiner formerly of Fairchild & Tom Perkins student of Georges Doriot found Kleiner Perkins

VENTURE CAPITAL BACKGROUND

LINEAGE TO TRAITOROUS EIGHT

Same year 1972, Don Valentine founds Sequoia Capital

As of 4/2012 Y-Combinator top 172 Companies worth US$7.8B

October 2013 Y CombinatorAnnounces Top 300 companies worth and aggregate value of $13.7Bi

Y Combinator invests $14,000 for single founder$17,000 for two founders

VENTURE CAPITAL BACKGROUND

OPEN SOURCE TOOLS

Raised $250 million

MINIMUM VIABLE PRODUCT

GAO says cost $350 million

Vogelstein of Wired saysoriginal iPhone $150 million

Neither understand Open Source

US 2012 becomes a stage for IT

Romney spent $40 million on IT

ARS estimates Obama campaignspent $11.3million