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Open-Source Business Models

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The open-source business model, as used by many
tech-driven organizations, is currently not well understood. Although open-source is built free with its source code available for everyone to use and tinker with, it still generates revenue amounting to millions, even billions of dollars.
Hence, its successes still remain a mystery to many. This model has been used to build multi-billion-dollar companies, like Confluent ($4.5B), HashiCorp ($5.3B), Databricks ($6.2B), Elastic ($9.3B), and MongoDB ($13.6B). How did these companies utilize the open-source business model to grow from free projects to multi-billion-dollar companies? This super guide on open-source business models will help you to understand the core principles of open-source and how to apply them in real-life situations. It will guide you through the process of implementing the model, take away any guesswork, and help you to focus on the creation, delivery, and capture of values.

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