IDG Contributor Network: What we can learn from ownCloud's collapse

OwnCloud was founded by Frank Karlitschek in 2010, a KDE developer who created many other open source projects. Concerned about the rise of proprietary cloud, Karlitschek's vision for ownCloud was to give users complete control over their cloud storage and sync software.
After the successful launch of the project, Karlitschek started looking to build a business model around it. In 2012, he co-founded ownCloud Inc. with Markus Rex. They raised over $10 million in venture capital and the company