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Me: Oh, @penpot sounds good, let me see what it’s like…
*goes on site*
“Login with Google”
*alarm bells*
Hmm, who funded this?
*searches*
Venture capital firm (Kaleidos Ventures SL)… how interesting that their site never once mentions an exit even though that’s how venture capitalists make their money…
So, yeah…
Don’t you just love “open source?”
(And how it doesn’t mean “free as in freedom?”)
@aral @penpot I think I know what happened here? the "ventures" term misled you, which is understandable but if you take a look at our website kaleidos.net you won't see any VC. Instead you'll see a bunch of free & open source enthusiasts that want to create great free & open source technology. Some useful resources might be https://kaleidos.net/culture https://kaleidos.net/products https://blog.kaleidos.net/Taiga-and-Penpot-lead-our-new-chapter-at-Kaleidos/ and this no-bullshit non-conforming podcast interview https://possiblefutures.tech/posts/interview-with-penpot-ceo-pablo-ruiz-muzquiz-on-open-source-design-and-ethical-funding
@diacritica @penpot Thanks for clarifying. Will listen to the interview (and believe me, I’ll be very happy to be wrong on this) :)
One question: do the open source enthusiasts themselves fund the projects (ala a cooperative) or is the funding by external investors? In either case, how do you make money (when/how do you make a return). The thing that worried me most was not seeing a business model.
(With VC, the sale of the company is the return. I’d like to understand yours.)
@aral @penpot Yes to the first question. The parent company, Kaleidos Open Source SL is 100% employee owned and funded and we created Kaleidos Ventures so separate consultancy work (no longer active) from our open source products adventure. We also took some seed capital from business angels (F&F) and Seed VC but we took much care is making sure that 1) we are aligned (incl potential exits) 2) full control is ours.
@aral @penpot VCs exits vary A LOT. the sale of THEIR investment (equity) is the return, but not the company, which they don't control at all in many cases (certainly not ours). This is key. As for business model, we are not in a hurry but we are having very specific internal workshops to address this and share it asap. It seems that addressing enterprise executive buyer-type personas needs for specific premium features might do the trick but we are still working on this.
@diacritica @penpot Thanks for the detailed response. Looking forward to seeing it. I hope you can monetise it in a way that protects it from enclosure. And best of luck with it; Penpot already works really well and has a huge amount of potential.