Joseph Jacks bets on open source startups, a 'paradox of philanthropy and capitalism' | TechCrunch
Briefly

The juxtaposition of "philanthropy" and "business" is at the heart of OSS Capital's investment thesis, according to Jacks – he believes there should be more open source in the world.
Jacks remarked, "The cool thing, though, about these open source companies is they are inherently philanthropic, while at the same time capitalistic and pursuing business models that actually generate sustainable revenue outcomes."
Jacks further emphasized, "I think capitalism can promote positive and sustainable behavior much better than philanthropy can for positive and sustainable behavior."
Jacks declared, "I believe that capitalism itself is the penultimate manifestation of philanthropy, and commercial open source networks and startups are the most well-suited type of capitalism toward accelerating open source in the world."
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