Wrong about Firefox/Mozilla
after more carefully reviewing the mozilla press release and getting comments here, i realize that the new for profit subsidiary is wholly owned by mozilla foundation. i would be interested to understand how they are compensating board members, but cant say those people as well as employess of the venture wouldnt deserve equity upside for their participation. will be fun to watch.
August 11, 2005 in firefox | Permalink | Comments (2) | TrackBack
Firefox Team Cashing in?
i read that mozilla is launching a 'for profit' subsidiary so they can 'better compete with microsoft's IE'. there is a lot in this i dont follow. first, why does a for profit stand a better chance of competing? i guess they think they can attract more capital which makes sense to me. but, i'm really confused about how you distribute equity in such a venture. how does a non-profit transfer assets and then equity ownership to individuals? i just cant see a fair way to do this. if this is possible, why wouldnt all companies start as non-profits and then change status and transfer valuable assets (cash and IP) at a convenient time? there must be a big piece of this story i'm missing. can anyone fill me in?
August 4, 2005 in firefox, venture capital | Permalink | Comments (3) | TrackBack
