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Crowd-Funding Is Working For Open Source Projects


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Several people adding funds to a piggy bank.

The company behind the LiveCode development tool raised more money via crowd-funding than it had anticipated.

Credit: Under30CEO

The company behind the LiveCode development tool has used crowd-funding to raise the money it needs to create an open source edition of its software. The goal was to raise about $500,000 via Kickstarter, and there were some concerns leading up to the final days of the campaign, but the company ended up raising nearly $750,000.

Although many open source initiatives are worthwhile projects, funding is nearly impossible to find. However, the success of the LiveCode campaign suggests crowd-funding could help fund open source projects in certain circumstances.

The developers behind the image organization tool Shotwell recently started a crowd-funding campaign through indiegogo because they want to continue to develop an open source email client called Geary; they hope to raise $100,000.

From Network World
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