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Being a uni student, I'm obviously very pleased and excited, but if I did this I would have to make it closed source,
Have the VCs explicitly said that?
They said that in business you need to find a way to protect your goods by 'black box'ing it.
and indeed actively protect it.
What if you made it time-delayed open source, like Ghostscript? Would they go for that?
I got mixed reactions about this - they said companies tend to look at a period of 1.5 years - so even if I told the companies I was going to open source it in 2 years time, they wouldn't care and it wouldn't affect their plans to buy it.
Also my exit strategy is 3 years - I couldn't OS it before then - in the third year I'd be paying back close to several thousand pound a month in loans, so I daren't do anything to upset the cash flow during that time ;)
But after that it would be fine. But then who knows where we'll be in 3 years...
Again, the problem is that it would benefit (IMHO) linux a lot,
Even as closed source?
Nope - thats the problem.
JohnFlux