Since 2021, Stockholm and London-based VC fund Oxx has been highlighting the work of young open-source software ventures that have the potential to become investor-friendly sustainable businesses. When it comes to marketing and growth potential, open-source businesses offer some very real advantages over peers working in similar segments. The problem is that in the early stages at least, they don’t offer up the kind of metrics that venture capitalists are looking for. Oxx’s research sets out to put that right.
As Oxx partner Bob Thomas sees it, open-source software ventures often start out as a result of frustration on the part of their founders. For instance, they