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No money in tools?Rachel Chalmers, April 4, 2006 @ 1:50 pm ET
I had a lot of fun at EclipseCon 2006 talking to small, profitable companies with no VC. The Eclipse ecosystem is rapidly becoming awesome, but it’s not the only place where startups like these appear: Cygnus and Sleepycat were similarly bootstrapped. You always hear that there’s no money in tools, but I finally realized why (and who is saying it): there’s no money in tools… for venture capitalists. For engineer/entrepreneurs, a tool-based startup running off its consulting revenues and keeping overheads low can be a very nice living indeed.
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