Shuttleworth: Canonical may need 3-5 more years of funding

Canonical, the commercial backer of the Linux-based Ubuntu operating system, is not yet turning a profit, but founder Mark Shuttleworth said Monday during a teleconference that he is prepared to bankroll the company for three to five more years.

“We continue to require investment and I continue to be careful with my pennies in making those investments, but I consider this a good proposition,” said the billionaire technologist. “Canonical is not cash-positive, but our offering is very attractive to those who want to pinch their pennies in the Linux space.”

The dismal economic climate could, in fact, is driving business, Shuttleworth added.

Read more at LinuxWorld

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