Data center Seeweb flickr

Now SwiftStack rides the OpenStack wave, raising $16M

SwiftStack, a startup that has built object-storage software based on the Swift object-storage portion of OpenStack’s open-source cloud software, is announcing today a $16 million funding round, following on months of renewed interest in OpenStack.

Soul for sale

The exit: Hey founders, you weren’t using your soul, were you?

Here’s an extreme version of what you can expect to hear just before signing over your startup in an M&A deal: “Our counsel says including your first born child in reps and warranties is totally standard. We have never had any pushback on this!”