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Shuttleworth in no hurry to make a profit

Canonical isn't making a profit, but founder Mark Shuttleworth isn't too worried about it. He's still got lots of money left from when he sold his security company, Thawte, to VeriSign. To Shuttleworth, Ubuntu is a "good investment," but might never make huge profits.

4 Nov 2008

South African Internet billionaire Mark Shuttleworth has enough cash to pump into his software company, Canonical, saying he is being careful with his pennies but is willing to continue supporting a good investment.

Shuttleworth founded Canonical in 2004 to develop free software for companies and private users around the world. He committed an initial US$10 million, despite admitting he was not sure whether giving away its software could ever be commercially viable.

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