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Philip Copeman responds to Matt Assay on the Financial valuation of Open Source Projects .

Matt the idea of applying price earnings ratios to Open Source Projects is 20th century Dot Com thinking. This is not how Open Source projects are valued, I should know I own one - TurboCASH Accounting.

Get this part Dude - Open Source does not require  public money (external investors)  to run and to grow. The TurboCASH Project now has 100 000 users and we grow at 40%. This compares to an industry growth standard of 3%, by "Commercial Companies". It is the external shareholders that hold you back!

No obligations makes us very lean with a very big bark. We do not answer to external shareholders and do not have to produce a profit for anyone. If we choose to give it all to our users, that is entirely at our disposal. That is the right of freedom. You should sniff some freedom, its very addictive.

The buying or selling of Open Source companies is simply a strategic play, based on the reach and response of the community that uses that software. Revenue has little to do with it.