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Lessons from 20 Years of Bootstrapping an Open Source Business to $50M+

Event: Heapcon 2026

Location: Belgrade

Dates: 5 November 2026 – 6 November 2026

Presentation: 5 November 2026

Speaker: Peter Farkas

Building a successful open source company without venture capital is rare - scaling it past $50M in revenue is even rarer. This talk distills two decades of hands-on experience growing and sustaining a commercial open source business from zero to global scale.

We will share the real strategies that worked - navigating product-market fit, monetizing open source while keeping the core free, building a distributed team long before remote work was mainstream, and developing a repeatable go-to-market engine without external funding. We’ll also explore what didn’t work, the pitfalls we hit along the way, and the lessons learned from building a business that competed against well-funded alternatives.

Whether you’re a founder, engineer, community leader, or simply curious about the business side of open source, you’ll walk away with practical insights, battle-tested frameworks, and a clearer understanding of how to build and scale an open source company the hard way - by bootstrapping.

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Lessons from 20 Years of Bootstrapping an Open Source Business to $50M+

Speakers

Peter Farkas

Peter Farkas

Peter Farkas is a seasoned open source leader with over 15 years of experience building sustainable open source projects and businesses. He currently serves as the CEO of Percona, a global leader in open source database software and services.

Before joining Percona, Peter was the Co-Founder and CEO of FerretDB, the truly open source MongoDB alternative that enables developers to use MongoDB drivers seamlessly with PostgreSQL as the backend.

Peter is a strong advocate for open source solutions, believing that they can drive innovation and sustainable growth on par with-or beyond-proprietary software.

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