New Linux Companies Hope To Get Rich Quick (#4)
The buzz surrounding Linux and Open Source during 1999 has produced a
large number of billionnaires. However, people who weren't employed by Red
Hat or VA Linux, or who didn't receive The Letter, are still poor. The
visionaries at The IPO Factory want to change all that.
As the name suggests, this company helps other businesses get off the
ground, secure investments from Venture Capitalists, and eventually hold
an IPO that exits the stratosphere. "You can think of us as meta-VCs," the
IPO Factory's founder said. "You provide the idea... and we do the rest.
If your company doesn't hold a successful IPO, you get your money back,
guaranteed!" He added quickly, "Of course, if you do undergo a billion
dollar IPO, we get to keep 25% of your stock."
The company's first customer, LinuxOne, has been a failure. "From now on
we're only going to service clients that actually have a viable product,"
an IPO Factory salesperson admitted. "Oh, and we've learned our lesson:
it's not a good idea to cut-and-paste large sections from Red Hat's S-1