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Open source software developers who were active in the late 1990s might find themselves yearning for those good old days, when venture capital flowed like wine at Napa Valley party.

Open source software's fall from grace was dramatic and sobering, but it wasn't alone and it doesn't mean open source is a dead industry. In fact, while investors are magnitudes more careful than they were back in the day, money is still being offered to open source companies that meet VC's often varying criteria.

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