

Balancing Community and Monetization in Open Source with Birthe Lindenthal
16 snips Jan 10, 2024
Birthe Lindenthal, Co-founder and CMO of OpenProject, discusses the benefits of being open source, monetizing the user base, and the challenges of marketing an open-source product. She shares the motivation she feels when contributing to something larger than herself and talks about merging branding between free and paid versions of the software. Birthe also gives advice for founders of open-source companies and discusses the difficulty of creating a glossary of company terminology.
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From Custom Dev to Open Source
- OpenProject started as a custom development project that evolved into an open source project management tool.
- Clients wanted to use the tool, which led to forking and building OpenProject as its own open source product.
Transition from Custom Work to Revenue
- Finance your open source product initially by custom development projects aligned with product vision.
- Slowly reduce custom work as you achieve product-market fit and move to recurring revenue.
Bootstrapping vs. VC Funding
- Bootstrapping offers the freedom to follow your own vision but can make the journey long and harder.
- VC funding may accelerate growth and product focus but changes the dynamics and pressures.