It's been a long time since I have been trying to establish a company based on the open source software business model. I guess there is no better time to do it then now, so along with a close friend of mine we started it off.
Our philosophy is to follow open standards and open architecture and be open minded. We feel the success of such a start up is based on a few key factors. I see good potential if we can keep up with the demands. At some areas we have to create demand and confidence. I know it's a challenge but I am confident that we can make it.
Obviously financing such a start up is one of the hardest things. Presently we are trying to keep our expenses to a minimum. A work space, a motivated team and some level of funding is what we have now. I am sure this is more then enough, though it's tight we can see a good future.
Personally for me I can't quit my day job as of now, but I am really looking forward to being full time involved with the teams on the projects. I feel exciting times are ahead.