Red Hat CEO Likens Company to Facebook, Wikipedia in Collaborative Innovation
Red Hat Chief Executive Officer Jim Whitehurst, finishing his second year as head honcho of the world's most commercially successful open source software company, told eWEEK Aug. 18 that he believes his company is as innovative within the world's IT business culture as Facebook and Wikipedia are in the Internet culture.
"If you think about it, at Red Hat, we're defining a whole new business model," Whitehurst said. "Abstract away from open source software for a minute: Open source is nothing but a specific instance of the power of participation. It's applying the power of participation as Facebook or Wikipedia do, specific to computer source code."
Other than the commonly used advertising model, Red Hat is the only other model that exists now to be able to monetize something that's free, Whitehurst said.
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