Money can't buy you happiness, but Meteor, a web-apps startup focused on enterprise app development, seems to think it can buy it an open-source community.
Instead of the standard startup funding announcement, proclaiming that the company will use its funding for product development, marketing and so on, Meteor says it "will use the money to build the open source community around its offerings."
Is that so? Who knew all you needed for an open-source community was $11.2m in venture funding?
This may be a bit harsh. After all, Meteor's board is filled with people who understand that money can't buy a community. David Skok invested in and helped to build JBoss's commercial business. Rod Johnson built up a massive, two-million strong Spring community. Peter Levine also has an open-source pedigree, having run XenSource until its acquisition by Citrix.
But guess what? In exactly zero of those cases did venture money buy a community. The opposite, in fact, happened. Read more...