“The Linux market is still very small–much smaller than the Mac market,” said Loki co-founder and President Scott Draeker in an email interview with LWN.net. While the community as a whole has been very good to the company, and the press has offered high praise for their products and support, no one is making a fortune at the small California based company. “Some [people] have assumed that all the good news and good work we were doing meant that we had all become instant millionaires. Not a chance.”
In fact, Draeker says they aren’t even making money yet. Then again, that doesn’t mean they’re ready just yet to shut the doors to the business. “We’re in this for the long haul. We want to build a Linux gaming industry. That takes time and plenty of sweat and cash. And no, we are not profitable. But we aren’t going anywhere either.”
Finding cash has been a high priority for Draeker since last year. He says the company knew back in December that funding wasn’t becoming available and that employees were told about the situation. “We told them they were welcome to stay,” noted Draeker, “or start to look for other jobs. A number of people left over a period of 3 months. At that point most had gone about as far they could with the ups and downs associated with being a start up in a down market.” Now the company is running at break even levels. Says Draeker, “We’ve cut back to a size where we can sustain our operations exclusively from sales revenue. That said, we are still looking for funding partners.”
Furthermore, Loki has announced a new bulk discountprogram for Linux Users Groups. If you’re a member of your local LUG, make a point to let them know aboutthis promotion. Thanks to Rob Seace for the news.