John Tapsell tapselj0@cs.man.ac.uk wrote:
What VC horror stories are you thinking about?
I'm sure you can find them if you look. Email me off-list if you want me to point fingers. ntk has linked to a few.
I'm not actually sure if they are VC's - they help me set up a limited company, and lend me some money to get going, etc.
Depends on the terms: do they get shares? Do they get control?
Also, I can't see a way to make back my costs if I open source it
Go get yourself business books and look at existing companies that are profitable on free software. (No, we're too young to be a good example yet. We're also deathly secretive about such things, because we're a private company.)