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Joseph (JJ) Jacks for COSS Community

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COSS Weekly #113

Here's the one-hundred thirteenth 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 $15M in funding announcements from Rapid Silicon, acquisitions from DataStax and HPE, and open-source updates from Twitter and OpenAI, exciting new projects in the space.


💰 COSS Funding: $15M

  • Rapid Silicon, building technology for Field Programmable Gate Arrays (FPGAs), announced their $15M Seed led by Cambium Capital. Link

📚 COSS Content

  • Open Source Startup Podcast🎙: "Woohoo 31K Open Source Startup Podcast Listeners🥂 Here are our top episodes👇

  • Dries Buytaert: "Blog post: Acquia retrospective 2022 In my retrospective, I reflect on our business momentum and the evolution of the Acquia Experience Platform throughout 2022." Link

  • Sid Sijbrandij: "Thank you @loganbartlett of the @CartoonAvatars podcast for the great conversation on how transparency @GitLab impacts our product, our internal communications & recruiting - all helping us be an innovator and leader in #DevSecOps and remote work.

  • nic (legacy blue check) carter: "so you're excited about GPT, DALL-E, stable diffusion, etc. but it seems so crowded -- is the opportunity 'priced in'? the answer is clearly... no" Link

  • JJ: "Awesome open source weather forecast API written by a coastal engineering PhD ( 👋🏼 @alexanderrey42) 📡🌊⚡️🌥️☃️☀️

  • JJ: "Love to see when COSS builds on COSS. In this case, @temporalio is powered by @DataStax. 💪🏽♥️🤝

  • JJ: "I'm so happy that @karpathy (co-founder of @OpenAI) is now so committed to working on truly open source AI. ❤️

  • JJ: "Open source is more a consumption model than it is a distribution model. Cloud is more a distribution model than it is a consumption model. Neither are business models. Few." Link

  • JJ: "Literally every one of the markets this PE-birthed Frankenstein business serves are seeing rapid open source transformation like never before. Good thing!

  • Alex: "Marketing open source tools takes a different approach than your traditional strategies. I spoke with open source founders to get their marketing advice. Big thanks to @mikaelnida @SukhaniShri @jeniksoft @_jayfk // #opensource #oss #coss

  • OpenBB 🦋: "With the OpenBB Terminal, the possibilities are endless. Learn how you can change the data source of several commands. For example, in this video, we changed the data source from YahooFinance to CCXT.

  • Andrej Karpathy: "Didn't tweet nanoGPT yet (quietly getting it to good shape) but it's trending on HN so here it is :) : Aspires to be simplest, fastest repo for training/finetuning medium-sized GPTs. So far confirmed it reproduced GPT-2 (124M). 2 simple files of ~300 lines

  • JJ: "Surveillance? ̷P̷r̷i̷v̷a̷c̷y̷.̷ That's iPhone. Open Source Smartphones can't come soon enough.

  • JJ: "COSS in Israel 🇮🇱 has been taking off over the last few years. Awesome to see:

  • JJ: "🌱🌳☀️ Incredibly thorough report on open source environmental sustainability progress and challenges. So honored to be quoted and COSS recognized in this work. Excellent effort by @protontypes 🙌🏼

  • JJ: "Wow. @OpenBB is now officially an open startup sharing lots of real-time metrics. 🦋😎

  • Sid Sijbrandij: "What's the most effective framework for monetizing open source without selling out? Find out in this @thenewstack article, where I discuss the importance of #OpenCore companies being explicit about pricing.

  • OSS Insight: "Introducing #DataExplorer, an AI-powered querying tool for effortless #dataexploration. To get started, simply ask it a question and it will: 1️⃣ Generate #SQL 2️⃣ Query 5+ billion rows of #GitHub data 3️⃣ Visualize the results 👉 Try it now: 🧵

  • COSS Community 🌏: "🧐 🐘

  • Chris Aniszczyk ( ""Beware the Gifts of Dragons: How D&D's Open Gaming License May Have Become a Trap for Creators" via @effLink

  • JJ: "TONS of battle-tested (millions of users) open source alternatives exist vs. closed products, often objectively the superior product/tool. Is it possible to say that for Crypto/Web3? Not yet. What about for the "AI/LLM-Native" space? Not yet. COSS remains underestimated+++." Link

  • JJ: "VCs have poured > $60 BILLION into Web3 startups over the last 3 ~ years alone!! 🤣 AI-Native/AGI startups have crossed $20B in < 1 year. 😳 Meanwhile COSS has only 1,500 startups in the ENTIRE freaking historical pool and > $250B in liquid outcomes..only raised $30B so far. 😇" Link

  • Julien Chaumond: "Prediction: there'll be 10 open reproductions of ChatGPT in 6 months and if i understand correctly, models are quite smaller than LLMs so they might be significantly easier to deploy at scale (maybe even single-GPU)" Link

  • Elon Musk: "Twitter will publish tweet recommendation code & make account/tweet status visible no later than next month. Transparency builds trust." Link

  • OSS Capital: ""Open source a core part of Twitter in less than 30 days by my command!". We need more leaders executing with such urgency and confidence.

  • JJ: "This is how you win.

  • Connor Boyack 📚: "@elonmusk Tesla open sourced their designs for anyone to see/replicate. Why not open source Twitter's code for anyone to see? Not just tweet recommendation --- go deeper, build even more trust." Link

  • JJ: "My partner @HeatherMeeker4 and I are publishing a 33,000~ word book this year on all things COSS --- how to take your FOSS open source project and design/build/scale a successful COSS startup business around it! Including contributions from many super stars in the COSS world. 📕 ✨" Link

💸 COSS Liquidity (M&A + IPOs)

  • TechCrunch: "HPE acquires Pachyderm as looks to bolster its AI dev offerings by @kyle_l_wiggersLink

  • JJ: "Observation: Since the correction started in late 2021, I haven't seen a single publicly traded COSS company implode (get crushed > 90% from highs of private market prices / IPO). OTOH, there's a bunch that have in SaaS. Working on a post that explores this further with data." Link

  • VentureBeat: "Real-time streaming vendor @DataStax acquires #AI vendor @KaskadaInc to provide data foundation and #featureengineering to power AI inference engines.

🛠️ COSS Jobs

  • 4,637 jobs and 259 companies hiring! Link

📊 $COSS - Public Markets

  • $COSS markets up 10.79% last week

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

Koyfin market data

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