The Other Half of Funding Open Source  🔗 **Source:** [The Other Half of Funding Open Source](https://marucchi.com/funding-open-source-private-equity/) ## Highlights - Public funding can keep the open-source commons alive. But who funds the companies that bring it to the enterprise? The commons represents only part of the funding ecosystem that supports & advances open source. - Note: 📚 Open source funding requires both public commons and private commercial capital · **Location**: Opening paragraphs · #atom/literature/h1 - The firm took dividends along the way, but they came from genuine cash flow, not from leveraging the company against its own balance sheet. Adding value, not extracting it. That was the work. - Note: 📚 Traditional PE focused on operational improvement not financial extraction · **Location**: Mid-article historical analysis · #atom/literature/h2 - Open source is even more sensitive. Communities take years to build trust. Maintainers do not respond well to being treated as cost centers. And the moment a stewarding company must choose between mission and extraction, the talent that made it valuable starts looking for the exit. - Note: 📚 Compressed hold periods damage open source communities specifically · **Location**: Analysis of consequences section · #atom/literature/h3 - Patient capital outperforms extraction in technology because craft requires time - Note: [[Digital sovereignty creates enterprise demand]] — because applies-in procurement contexts · - [[Digital sovereignty creates enterprise demand]] — because applies-in procurement contexts · #atom/zettel/z1 - Research Emilia Capital's actual portfolio performance vs. traditional PE benchmarks #fleeting #research - Note: ✏️ Fleeting capture #atom/fleeting/f1 - Track which WordPress ecosystem companies have PE backing and their community health trajectories #fleeting #wordpress - Note: ✏️ Fleeting capture #atom/fleeting/f2