If we look at open-source, it seems the idea of creating a business model around it may seem counterintuitive. Yet, more and more startups are moving towards the open-source business model due to its freedom and the collaborative effort it provides. Plus, there can be much more value that startups can derive from providing extra services around the software product.
In this article, we take a look at the most prominent companies which focused on open source as the basis of their growth strategy and became unicorns. We can see that the trend is clear– A large number of open source unicorns are functioning in the space of analytics and real-time business intelligence.
[Source: Analytics India Magazine]