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Joseph (JJ) Jacks for COSS Community

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COSS Weekly #104

Here's the one-hundred fourth issue of COSS Weekly, the global commercial open source (COSS) company category newsletter, brought to you every weekend by the team at OSS Capital, creators and stewards of COSS Community and Open Core Summit.

We deliver only the most fresh 😋 news from the previous week in COSS across: Funding, Content, Jobs, Liquidity and $COSS (Public Markets).

Last week saw $39.25M in funding for Gitpod, FlowForge, Budibase, and OpenBioML, the acquisition of Remix by Shopify (and OSS Capital's first exit!), and major news for Godot and Cal.com!

Enjoy!


COSS Funding: $39.25M+

  • Gitpod, a platform for cloud developer environments (CDEs), announced their $25M Series A led by Tom Preston-Werner. Link
  • FlowForge, a low-code enterprise platform for Node-RED, announced their $7.25M Seed led by Cota Capital. Link
  • Budibase, a platform for building internal tools, announced their $7M Seed Extension led by SignalFire. Link
  • OpenBioML, a machine learning biology research lab, announced funding led by Stability AI. Link

📚 COSS Content

  • Open Source Startup Podcast🎙: "⚡️E61 of the Open Source Startup Podcast is LIVE⚡️ && in time to celebrate hitting 🥳25K listeners🥳 Check out @tnachen & @amanda_robs convo with @mxcl 👉 CEO of @teaxyz_, the platform to get OSS devs paid && founder of package mgmt project Homebrew https://t.co/2WQGpTBh6jLink

  • Ben Tossell: "@eladgil and @EMostaque chat about: *Stability.AIs journey *Stable Diffusion + Gen Models *Image gen use cases & startup opportunities *Other types of generative models *Open source & AI - what does the world look like in 5 years? *AI safety *Global AI https://t.co/KpYdOFLzhjLink

  • clem 🤗: "Screw data network effects and "access to compute" advantage! Stable Diffusion (AFAIK without any big tech involvement) is another example that big tech won't be dominating AI & machine learning. The economics will be the same as always aka startups disrupting incumbents!" Link

  • JJ: "So damn true. https://t.co/fl5euUF3Ge // @ohhsayan https://t.co/jJbW8Nek0DLink

  • Kate Kaye: "Until now, the borderless, open-source software movement that has helped bring together AI developers and tech from the U.S. and China has risen above geopolitical tensions. Could national security crackdowns tear it apart? https://t.co/6XcabCPYZqLink

  • Godot Engine: "The /r/godot subreddit has reached 100,000 subscribers! To celebrate the milestone we're organizing an AMA (Ask Me Anything) with #GodotEngine contributors! Come along and ask us anything you'd like to know about Godot! https://t.co/jfKDFqlHnCLink

  • JJ: "Several people have asked me if @OSSCapital will launch something like @microacquire or @awilkinson's Tiny.. but focused on COSS startups. We don't plan to, but this would be a very good idea. And someone should do it." Link

  • NYSE 🏛: "It's an exciting week for @Grafana as they kick off the #ObservabilityCON conference and launch two new open source projects. We talk with Founder & CEO Raj Dutt on #NYSEFloorTalk | @nopzor https://t.co/ZPxZ2wlmPSLink

  • Godot Engine: "We are happy to announce that the Godot project will soon be moving from @conservancy (to which we are forever grateful) to its very own Godot Foundation! https://t.co/miF77s7h7oLink

  • Guillem: "Our 2022 European Open-Source Report is out. Key takeaway: COSS companies are weathering the storm much better than their closed source counterparts 👇 https://t.co/eudde4TW8A #opensource https://t.co/0EWbZhXUpwLink

  • JJ: "Open source is the ultimate manifestation of democracy." Link

  • Juan Linietsky: "Having cute, colorful logos to differentiate from the cold, boring, enterprise and "professional" proprietary software has always been a staple of FOSS and it never hampered adoption (despite ever existing criticism). I am personally proud that Godot follows this trend. https://t.co/14ue9S0NyRLink

  • Didier Lopes 🦋: "How to grow your open source community from scratch in 5 steps👇🏼 with analogies from my experience of growing an open source project from 0 to 17k+ GitHub stars" Link

  • JJ: "I strongly agree with George that both TF and PyTorch are both overly complex and bloated for the next-gen of neural network model development ... Well done! https://t.co/OMBKczQYXCLink

  • Omar McPizza 🍕: "Watching and seeing what @peer_rich is doing with @calcom restores my faith in humanity! It's so refreshing and such an inspiration to see the openness of their team, product and ideologies. Some people dream of becoming the next G, N or FB, I dream to build like @calcomLink

  • Peer Richelsen 🗓🍊: "⭐⭐⭐ 14K STARS ON @github ⭐⭐⭐ y'all rock!! 🚀❤️ https://t.co/EpiXSVGkpF https://t.co/n22Ay7dfxALink

  • Jamin Ball: "Confluent quarter: - $152M rev (+48% YoY) vs $144M consensus (5% beat) - $162M next Q guidance vs $160M consensus (1% raise) - Raised full year guide by ~$10m - $57M (+112% YoY) Confluent Cloud rev - 65% GM - (30%) FCF Margin $CFLT" Link

  • TechCrunch: "George Hotz, aka 'geohot' is leaving https://t.co/olWGzEUDsy for a lofty AI project https://t.co/Wgb2Su7It6 by @kirstenkorosecLink

  • JJ: "Just crossed 1,000 active registered members 🌱 on @COSS_Community --- join and learn about the latest weekly funding news, $COSS markets, 100+ hours of @OpenCoreSummit content and a lot more: https://t.co/hFhh4gAXiWLink

  • JJ: "Love to see this. More powerful consumer-grade versions of this will come ... open source is eating the world of gaming consoles, too. 😏 https://t.co/42UuHSTnZ1Link

  • JJ: "Congrats to RStudio on the rebranding to @posit_pbc - one of the very first leading COSS companies to embrace the PBC structure: https://t.co/BMB1VvIhj7Link

  • Product Hunt 😸: "2 years ago @calcom launched on Product Hunt. Fast forward to today, the company has raised $30M+ and has the mission to connect 1B people by 2031. https://t.co/NSv4V0vl0TLink

  • Karaminder: "My paid annual calendly account ended yesterday and I've completely switched over to @Calcom. Thank you for helping me reduce my overheads as an indie creator embarking on my journey of economic growth. https://t.co/mXnzdZpmNpLink

  • JJ: "Agree. ✅ And @birdwatch is open source: https://t.co/mQ6TF98KOL https://t.co/630YWR8yvZLink

  • JJ: "The @rustlang ecosystem is on fire... these projects didn't even really exist a couple yrs ago 🔥🦀 --- @TauriApps, 190+ contribs / 50K+ stars --- @rustdesk, 100+ contribs / 30K+ stars --- @appflowy, 100+ contribs / 29K+ stars --- @spacedriveapp, 50+ contribs / 15K+ stars + many more" Link


💸 COSS Liquidity (M&A + IPOs)

  • Remix 💿: "We are beyond excited to announce that Remix is joining Shopify! 🎉 Thank you all for joining us on this journey. It's only getting better from here! Learn more 👇 https://t.co/0dpHX7aRrwLink

  • Ryan Florence: "Remix is already revolutionary. Now it can stay that way. With the stability @Shopify gives us, the support they've already shown us, and the huge playground of use cases both internal and external, the stage is set for Remix is to become a generationally important technology https://t.co/qMh6miRlgPLink

  • COSS Community 🌏: "@remix_run https://t.co/0CjSahiGoc" [Link](https://twitter.com/remix_run/status/1587261810373120000)

  • Michael Jackson: "JJ is an exceptional talent in VC. We couldn't have built Remix without his help. I know people are sometimes skeptic of VC, and I know why. But just like any field, there are all sorts of players. If you find the ones who believe in you, you can do awesome stuff together 👍 https://t.co/lJ58B0ufvGLink


🛠️ COSS Jobs

  • 6,254 jobs and 251 companies hiring! Link

📊 $COSS - Public Markets

  • $COSS markets down 12.00% last week

  • Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.

Koyfin market data

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