Interest of Venture Capital Companies in Open Source-Based New Ventures

2012 ◽  
Vol 3 (4) ◽  
pp. 1-16
Author(s):  
Stefan Koch ◽  
Mürvet Ozan Özgür
Keyword(s):  
Venture Capital ◽  
Open Source ◽  
Open Source Software ◽  
Business Models ◽  
New Ventures ◽  
Qualitative Interviews ◽  
Community Support ◽  
Special Focus ◽  
Venture Capital Firms ◽  
Start Ups

This study focuses on the attitudes of venture capital companies with regard to investments into open source software-based start-ups in Turkey, with a special focus on their preference for different possible business models which these start-ups could be based on. A series of in-depth qualitative interviews has been done with managers of venture capital firms with an IT focus operating in Turkey. Currently, no investments proposal have been received, and an analysis of barriers has resulted in showing lack of support from institutions (especially universities) and insufficient community support, which blocks the development of related expertise. On the other hand, interest exists based on perceptions of open source software-based new ventures as more innovative with higher probability of returns when compared to their proprietary counterparts. This confirms prior theories. For future applications, venture capital firms would prefer dual or hosted business models when investing. Another major outcome is that researchers should step back and focus attention on reasons related with the immaturity of open source-based projects in Turkey.

scholarly journals The CELLmicrocosmos Tools: A Small History of Java-Based Cell and Membrane Modelling Open Source Software Development

2019 ◽  
Vol 16 (3) ◽  
Author(s):  
Bjorn Sommer
Keyword(s):  
Open Source ◽  
Open Source Software ◽  
Biological Networks ◽  
Special Focus ◽  
Database Integration ◽  
Software Suite ◽  
Software Frameworks ◽  
Cell Components ◽  
History Of ◽  
Student Projects

AbstractFor more than one decade, CELLmicrocosmos tools are being developed. Here, we discus some of the technical and administrative hurdles to keep a software suite running so many years. The tools were being developed during a number of student projects and theses, whereas main developers refactored and maintained the code over the years. The focus of this publication is laid on two Java-based Open Source Software frameworks. Firstly, the CellExplorer with the PathwayIntegration combines the mesoscopic and the functional level by mapping biological networks onto cell components using database integration. Secondly, the MembraneEditor enables users to generate membranes of different lipid and protein compositions using the PDB format. Technicalities will be discussed as well as the historical development of these tools with a special focus on group-based development. In this way, university-associated developers of Integrative Bioinformatics applications should be inspired to go similar ways. All tools discussed in this publication can be downloaded and installed from https://www.CELLmicrocosmos.org.

Firm and Group Influences on Venture Capital Firms’ Involvement in New Ventures

2008 ◽  
Vol 45 (7) ◽  
pp. 1169-1194 ◽  
Author(s):  
Dirk De Clercq ◽  
Harry J. Sapienza ◽  
Akbar Zaheer
Keyword(s):  
Venture Capital ◽  
New Ventures ◽  
Venture Capital Firms

How do Open Source software companies respond to institutional pressures? A business model perspective

2017 ◽  
Vol 30 (4) ◽  
pp. 534-554
Author(s):  
Khaireddine Mouakhar ◽  
Albéric Tellier
Keyword(s):  
Open Source ◽  
Business Model ◽  
Open Source Software ◽  
Business Models ◽  
Institutional Environment ◽  
Institutional Pressures ◽  
Strategic Choices ◽  
Content Type ◽  
Software Companies ◽  
Key Resources

Purpose Open Source software companies (OSSCs) are confronted with institutional pressures from Open Source software (OSS) communities. They must find an acceptable balance between the expectations of these communities and their own business model. However, there are still few studies that try to analyse the OSSC business models. The purpose of this paper is to highlight OSSC typical business models by using rich empirical data. Design/methodology/approach The methodology is based on a combination of quantitative analysis of a sample of 66 OSSCs and qualitative analysis of three typical situations resulting from that sample. Findings The quantitative study enables the authors to highlight three typical business models. The in-depth study of three typical cases enables the authors to specify these OSSC business models. The authors can distinguish four key dimensions: the relationship developed with the OSS communities, the strategic manoeuvres made, the key resources and competitive positioning. Research limitations/implications The results indicate that it is possible for firms to accommodate both profit and non-profit logics using different strategic manoeuvres to position themselves with regard to the Open Source institutional environment. Such accommodation requires the development of key resources and the adoption of suitable competitive positioning. Practical implications This study allows the authors to highlight two main practical contributions for OSSCs’ directors. First, the different manoeuvres identified may help them to ensure coherence between their strategic choices and the business model chosen. Second, the results can help OSSC founders identify value creation mechanisms more clearly by analysing four key variables. Originality/value This paper provides new insight about OSSCs business models. It aggregates four dimensions that provide a more “fine-grained” analysis of business models, while other studies often emphasise one dimension (usually the regime of appropriability).

scholarly journals The Economics of Open Source Software: A Survey of the Early Literature

2002 ◽  
Vol 1 (1) ◽  
Author(s):  
Aaron Schiff
Keyword(s):  
Open Source ◽  
Open Source Software ◽  
Business Models ◽  
Recent Literature ◽  
Future Research ◽  
Research Directions ◽  
Early Literature ◽  
Future Research Directions ◽  
Closed Source

This paper reviews the recent literature on the economics of open source software. Two different sets of issues are addressed. The first looks at the incentives of programmers to participate in open source projects. The second considers the business models used by profit-making firms in the open source industry, and the effects on existing closed source firms. Some possible future research directions are also given.

scholarly journals Chan Zuckerberg Initiative (CZI) Essential Open Source Software for Science, Cycle 2 Center for Open Science (COS) Proposal - Advancing Sustainability and Innovation of Open Manuscript Services

2020 ◽  
Author(s):  
Kevin Schroeder ◽  
Nicole Pfeiffer ◽  
Brian A. Nosek ◽  
Dasapta Erwin Irawan ◽  
Khaled Moustafa ◽  
...  
Keyword(s):  
Open Source ◽  
Open Source Software ◽  
Business Models ◽  
Cost Model ◽  
Open Science ◽  
Scholarly Publishing ◽  
Open Model ◽  
New Business ◽  
Open Review ◽  
Peer Community

Preprints (early, complete versions of manuscripts made available online before journal-organized peer review) are shifting the scholarly publishing model by accelerating open access and, potentially, open review. Making these tools interoperable with preprint infrastructure will increase the confidence of the scientific community in preprints. In addition, it will influence commercial publishing services to embrace new business models to innovate towards openness.OSF Preprints is open-source software maintained by the Center for Open Science (COS). OSF Preprints hosts 26 community-run services, providing the ideal conditions to integrate with open review platforms such as Peer Community In (PCI), PREreview, and Hypothes.is and to assess whether a fully open model can compete with and disrupt scholarly publishing across disciplines. We integrated hypothes.is and now propose to add the other platforms.With support from the Alfred P. Sloan Foundation, we are investigating how to improve trust in preprints with signals of credibility to improve chances that an open model can innovate scholarly publishing. Making those signals standard, interoperable, and machine-readable with validation will facilitate adoption and impact. We propose to build open-source open science badges for preprints to be interoperable with other scholarly publishing platforms.In 2020, COS advanced its sustainability plan for the preprints infrastructure with a distributed cost model for the shared infrastructure. Six of the services primarily serve under-resourced scholarly communities in the developing world. We request the costs for maintenance of those services for 2020 to extend their opportunity to develop institutional support for sustaining their services.

scholarly journals The chemfp project

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Andrew Dalke
Keyword(s):  
Open Source ◽  
Open Source Software ◽  
Similarity Search ◽  
High Performance ◽  
Business Models ◽  
Nearest Neighbor ◽  
Lessons Learned ◽  
Nearest Neighbor Search ◽  
Memory Bandwidth ◽  
Software Project

AbstractThe chemfp project has had four main goals: (1) promote the FPS format as a text-based exchange format for dense binary cheminformatics fingerprints, (2) develop a high-performance implementation of the BitBound algorithm that could be used as an effective baseline to benchmark new similarity search implementations, (3) experiment with funding a pure open source software project through commercial sales, and (4) publish the results and lessons learned as a guide for future implementors. The FPS format has had only minor success, though it did influence development of the FPB binary format, which is faster to load but more complex. Both are summarized. The chemfp benchmark and the no-cost/open source version of chemfp are proposed as a reference baseline to evaluate the effectiveness of other similarity search tools. They are used to evaluate the faster commercial version of chemfp, which can test 130 million 1024-bit fingerprint Tanimotos per second on a single core of a standard x86-64 server machine. When combined with the BitBound algorithm, a k = 1000 nearest-neighbor search of the 1.8 million 2048-bit Morgan fingerprints of ChEMBL 24 averages 27 ms/query. The same search of 970 million PubChem fingerprints averages 220 ms/query, making chemfp one of the fastest CPU-based similarity search implementations. Modern CPUs are fast enough that memory bandwidth and latency are now important factors. Single-threaded search uses most of the available memory bandwidth. Sorting the fingerprints by popcount improves memory coherency, which when combined with 4 OpenMP threads makes it possible to construct an N × N similarity matrix for 1 million fingerprints in about 30 min. These observations may affect the interpretation of previous publications which assumed that search was strongly CPU bound. The chemfp project funding came from selling a purely open-source software product. Several product business models were tried, but none proved sustainable. Some of the experiences are discussed, in order to contribute to the ongoing conversation on the role of open source software in cheminformatics.

Competition Among Proprietary and Open-Source Software Firms: The Role of Licensing in Strategic Contribution

2020 ◽  
Author(s):  
Terrence August ◽  
Wei Chen ◽  
Kevin Zhu
Keyword(s):  
Social Welfare ◽  
Open Source ◽  
Open Source Software ◽  
Business Models ◽  
Consumer Surplus ◽  
Development Effort ◽  
Enterprise Software ◽  
Proprietary Software ◽  
Software Market ◽  
Software Firms

In enterprise software markets, firms are increasingly using services-based business models built on open-source software (OSS) to compete with established, proprietary software firms. Because third-party firms can also strategically contribute to OSS and compete in the services market, the nature of competition between OSS constituents and proprietary software firms can be complex. Moreover, their incentives are likely influenced by the licensing schemes that govern OSS. We study a three-player game and examine how open-source licensing affects competition among an open-source originator, an open-source contributor, and a proprietor competing in an enterprise software market. In this regard, we examine (1) how quality investments and prices are endogenously determined in equilibrium, (2) how license restrictiveness impacts equilibrium investments and the quality of offerings, and (3) how license restrictiveness affects consumer surplus and social welfare. Although some in the open-source community often advocate restrictive licenses such as the GNU General Public License because it is not always in the best interest of the originator for the contributor to invest greater development effort, such licensing can actually be detrimental to both consumer surplus and social welfare when it exacerbates this incentive conflict. We find such an outcome in markets characterized by software providers with similar development capabilities yet cast in favor of the proprietor. In contrast, when these capabilities either become more dispersed or remain similar but tilt in favor of open source, a more restrictive license instead encourages greater effort from the OSS contributor, leads to higher OSS quality, and provides a larger societal benefit. This paper was accepted by Chris Forman, information systems.

Sign in / Sign up

Export Citation Format

Share Document