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Openads, formerly known as phpAdsNew, is one of the more successful open source development projects. Its online advertising software is used by many thousands of domain owners who want to make a profit on their Web content by selling advertisements. Scott Switzer, the project leader, recently went commercial with the project, securing $5 million in venture capital and a new CEO straight from Skype. The key to the company's success? "I have really seen the value in what a community can give to a software project," he says.
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