Stephen O’Grady gave a lecture on Open Source Business Models at WordCamp 2008 in San Francisco. Stephen’s main point was to prove that Open Source projects and profitability are not mutually exclusive concepts. His assertion is that there is definitely gold in them there hills!

By the way, I’m sorry for the poor audio quality in portions of the video. Again, I was not in control of the audio system and the guys running the equipment were way off at times.
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