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Free 'basic' versions and paid 'pro' versions of software are very common, so it's definately _possible_ that it could be viable. If you want to get investment you'll have to make as convincing an argument as possible that 1) in your hands, 2) with your product, and 3) with your market, it _will_...

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Hi! The best way to manage a team of folks for an open source project is via GitHub. It allows everyone to contribute to the code at the same time in a way that avoids conflict, and also adds a social aspect, where users can see what other developers are up to, which projects are popular, etc. ...

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Typically open-source projects that end up generating a profit have an active product that's already being used. So step 1. Is to open source it and see if anyone uses it - then you can make money in a bunch of ways. Checkout Wordpress, MySQL, Linux for examples - but typically it's providing p...

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I would use pay-as-you-go model which lets me scale as and when required and pay accordingly. The traditional problem with Home grown software is you can't accurately predict the growth when you open the floodgates. So choosing a pay-as-you-go model works perfectly here. The other constraint I s...

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One option is to provide dedicated support while letting the code be open. There are plenty of businesses that run on open, freely available architecture, and they make all their money by selling a "Pro" plan that allows people the security of being able to pick up the phone and ask a question. H...

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I mentor startups on the application of product management processes to help them make better decisions. Before you try to do sales analysis and forecasting, you need to find out if your potential licensees see value in using your solution. The best way to do this is to talk to some of their pro...

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