Yesterday, it was announced that SkySQL has raised an additional 2.5 million dollars in Series A funding from California Technology Ventures.

This comes along with the news of the new CEO, Patrik Sallner, taking the CEO role at SkySQL on July 1st.

Here are some relevant snippets:

“SkySQL also announced today that CTV, a venture capital fund that makes direct investments in technology and life science companies globally, invested an additional $2.5 million as part of the company’s recent A round of funding. With this latest investment, SkySQL has collected EUR 6 million to fund further growth.”

“About California Technology Ventures, LLC
California Technology Ventures, LLC is a venture capital fund that makes direct investments in technology and life science companies. CTV has built a strong reputation for its entrepreneurial approach to investing and working with companies. They believe in guiding …

Last fall, before I joined Zendesk, I took a role as an Executive-in-Residence at Scale Venture Partners. A lot of people asked me about this, so I've written an article at GigaOm that describes my thought process and what I ended up working on.

While there are as many variations on the EIR position as there are venture firms, there are two flavors, generally speaking: Entrepreneur-in-Residence and Executive-in-Residence. Most firms have some experience with Entrepreneur-in-Residence programs. Essentially, they give office space, coffee and food to a proven entrepreneur so he or she can spend a few months researching or prototyping a new …

Topics for this podcast:

*The latest in VC funding for open source
*VMware’s SpringSource buys cloud messenger Rabbit
*Open source monitoring vendors’ key cloud partnershps
*Oracle moves ahead, back on MySQL, OpenSolaris

iTunes or direct download (25:38, 7MB)

Topics for this podcast:

* Open source getting, and going without VC investment
* Oracle contributions to Linux and open source
* Sun’s latest moves with MySQL database and version 5.1
* Linux in high-end computing

iTunes or direct download (25:50, 6.0 MB)

Today at the Venture Capital Forum in Hilton Arc de Triomphe, Paris, I received the EVCA “Hall of Fame” Award on behalf of MySQL AB. What a timing, to meet with investment bankers and venture capitalists now!

In these times of a deep finance crisis, of no credit handed out by banks and of general doom and gloom, it felt great to be somewhat of an “everybody’s darling”. In the VC community, MySQL is seen as a great success — and in particular, we’re seen by European VCs as a European success story (despite over 50 % of our personnel and most of our Management Team being US-based, at the point of time when the VCs exited).

Side note: I don’t mind MySQL being seen as a European success story. We’re used to portraying ourselves as belonging to whatever geography is relevant for the moment. That …

Lukas Kahwe Smith has an awesome post titled "Open Source is not making enough rich people richer" .
Indeed, there is much talk that the VC's , the Investors and different others aren't seeing the big money fast enough, according to them that is.
Does that mean that the open source industry is going bad ? Does that mean you can't make a living when working in the Open Source industry ?

Absolutely not, as he points out there are uncountable people gaining a good living with Open Source, developers working on the different projects as their day job, system administrators managing open source platforms. We are helping out customers to implement Open Source and Free Software. And there are numerous other Drupal, Mysql, Xen, shops out there. Some have their own open source products and create a business on top of …