The reinvention of Progeny: How one FOSS company survived the dot-com crash
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In June 2001, Progeny Linux Systems was in crisis. Looking around, co-founder and CEO Ian Murdock realized that the company needed fundamental changes to survive. Four years later, Progeny is back up to its former staffing levels and showing modest profits. It is also one of the few Free/Open Source Software (FOSS)-based companies from that era to survive. Murdock's assessment of where the company went wrong and his story of how it reinvented itself offer some practical suggestions for other start-ups, especially FOSS-based ones. Progeny Linux Systems was founded in early 2001 with modest funding from the Linux Capital Group, a short-lived venture in which Bruce Perens was co-founder and president. By May, Progeny was hiring rapidly and beginning develop Linux NOW (Network of Workstations), an updated version of Sprite, a research operating system developed at the University of California-Berkeley that provided a single system image to a cluster of work stations.
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