Good news from the 451 Group to startups and cash strapped incumbents: venture capital funding for open source vendors grew almost 40 percent to $89 million in the first quarter of 2010.
The exact figure is 37.9 percent.
That's a complete turnaround from last year, when funding declined overall by about the same amount -- 37 percent, the 451 Group blog also announced today.
The jump will likely be a topic of much discussion at a host of open source conferences taking place this week, including Oracle's MySQL Conference, the Open Source Think Tank 2010 and
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