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Joseph (JJ) Jacks for COSS Community

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COSS Weekly #105

Here's the one-hundred fifth 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 $17M in funding for the GitHub accelerator fund and Directus, Ionic's acquisition by OutSystems, and exciting developments in data science and AI!


COSS Funding: $17M+

  • GitHub launches $10M COSS accelerator fund for open-source dev tool projects, backed by M12, Microsoft's venture arm. Link
  • Directus, an open data platform, announced their $7M Series A led by True Ventures. Link
  • JJ: "I'm honestly totally shocked this is only a $10M fund. It should be $1B+. Regardless, great step in right direction... yet another COSS-focused fund for the world! 👏🏼
  • Jaana Dogan ヤナ ドガン: "TIL: GitHub has $10M to fund companies working on open source developer tools. If you are looking for early stage investment, please consider applying:

📚 COSS Content

  • Didier Lopes 🦋: "Leaving London and trying to find a new owner for my 2m whiteboard. Couldn't miss this opportunity for free advertisement for @openbb_finance 🦋

  • JJ: "Enjoyed mtg @zachlatta today, founder of @hackclub. Thx @calcsam for intro. Zach easily one of top 10 most impressive humans I've ever met. Started @hackclub when he was 16. Please donate to @hackclub to accelerate the future of open source and high school (+ earlier) coding." Link

  • Hack Club: "At 17, @realGeorgeHotz was the first to jailbreak an iPhone. Now he's built, an open source toolkit to make cars self-driving, and is currently making a PyTorch alternative. This Friday (11/11) at 7pm ET, join our AMA! RSVP here:

  • JJ: "I really love the simplicity of Tinygrad. 🤓 Extremely promising minimalistic alternative to PyTorch by the inimitable George Hotz:

  • Matt Mullenweg: "Now we're more in fun mode. Should we switch the backend to @WordPress? Join the fediverse? Support @matrixdotorg / @bluesky ? We 100% want as much of Tumblr to be open source as possible." Link

  • Emad: "Probability these run in closed source model frameworks: 0

  • Tim Bendt: "@rometools is legit. Have to make a few adjustments to their default linting rules, but it's suuuuuper-fast and easy to use. And I love their vision of an integrated dev tooling stack built this same way." Link

  • Emad: "Going to be big advances (again) in AI in the coming weeks from text to image etc. Folk dismissing this as a toy/wondering what use should dig in and realise this augments communication, understanding & a whole lot more that is core to value creation. Exponentials are crazy." Link

  • Peer Richelsen 🗓🍊: "i think private open source companies have a more inclusive and sustainable model funded with proper legal private securities and an open source community that shares the upside" Link

  • Remix 💿: "📝 Open Development for Remix We're completely opening up our development process, join us!

  • JJ: "I just used @OpenAI's Playground to generate a few new "open source" neural network licenses... one output proposes ethical use constraints. Most are just fairly basic. This is absolutely fascinating! 🤔" Link

💸 COSS Liquidity (M&A + IPOs)

🛠️ COSS Jobs

  • 6,111 jobs and 252 companies hiring! Link

📊 $COSS - Public Markets

  • $COSS markets up 9.15% last week

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

Koyfin market data

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