Open Source CRM Application Company Gets Funding

Draper, Fisher, Jurvetson (DFJ), my favorite VC firm, has just invested $2 million in SugarCRM Inc., an open source developer of CRM software. The company was formed earlier this year by three experienced Silicon Valley execs. Using open source development, they are launching their first commercial CRM application in record time.

“In less than two months SugarCRM has had over 6,500 downloads of its software and over 100,000 visitors to its open source project and websites.”

Momentum is building for open source. It’s a super efficient model. As more code becomes available for free, companies can focus on unique value add, rather than re-inventing software that has already been written ten thousand times. In the end, businesses and consumers benefit the most from open source.

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