Open source to open source, corporation to corporation.
Basically, you can do just about anything with MIT- or BSD-licensed software. But the GPL tries to make everything around it GPL too. If you build software that integrates with a GPL'd library, you have to release your software with a GPL (or similar) license.
So Zed's plan is to offer his software under a GPL license for free (open-source to open-source), and also sell it without the GPL license for pay (corp to corp).
Good place to go for GPL info: the GPL FAQ (http://www.gnu.org/licenses/gpl-faq.html)