13 Open Source Hardware Companies Make $1+ Million 149
kkleiner writes "Selling products whose design anyone can access, edit, or use on their own is pretty crazy. It's also good business. At the annual hacker conference Foo Camp East this year, Phillip Torrone and Limor Fried from Adafruit Industries gave a rapid fire five-minute presentation on thirteen companies with million+ dollar revenues from open source hardware. The thirteen add up to $50 million this year. While this business model is counter-intuitive for those accustomed to our current patent- and copyright-encrusted system, Torrone and Fried estimate that the industry will reach a billion dollars by 2015."
Open Source (Score:1, Funny)
How much does proprietary software/hardware make? It's hard to examine, but it's probably more than $50 millions.
Re:$1M revenue is not "making a million" (Score:1, Funny)
Don't apply sound business techniques to the open source discussion.
That said, what book or books represent the definitive "this is the open source model"?
One MILLION? (Score:5, Funny)
You know, Dr. Evil, a million dollars isn't exactly a lot of money these days. Virtucon alone makes over nine billion dollars a year!
It's dot com again (but it doesn't work anymore) (Score:5, Funny)
Re:Why $1B in 2015?? (Score:3, Funny)
1 Simple way to become a millionaire with FOSS (Score:5, Funny)
Re:$1M revenue is not "making a million" (Score:4, Funny)