The Wordpress and open source communities have lots of thoughts on Matt Mullenweg’s actions after his talk at WordCamp. Much of this commentary has overlooked what I think is a core concern at the heart of Matt’s argument: the growing role and influence of private equity in tech, particularly in open source.
PE firms raise money from institutional investors and high net worth individuals to buy companies, restructure them, and sell them later for a profit.
I don’t know why it’s a surprise when someone who doesn’t actually care about a business, ruins a business.