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Joseph (JJ) Jacks for COSS Community

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COSS Weekly #116

Here's the one-hundred sixteenth 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 $58M in funding announcements from Onehouse, PenPot, Jetpack, TigerBeetle, and Tooljet, Netlify's acquisition of GastbyJS, Nostr's debut in the App Store, an interview with JJ and Kelsey Hightower, and more!


💰 COSS Funding: $58M

  • Onehouse, the cloud-native lakehouse service based on Apache Hudi, announced their $25M Series A led by Greylock and Addition. Link
  • Penpot, the Figma alternative for designers and coders, announced their $12M funding round led by Decibel. Link
  • Jetpack, building infrastructure for development environments, announced their $10M Seed led by Coatue and GV. Link
  • TigerBeetle, the fastest financial accounting database, announced their $6.4M Seed led by Amplify Partners and Coil. Link
  • Tooljet, a low-code platform for building internal tools, announced their $4.6M Pre-A led by Nexus Venture Partners. Link

📚 COSS Content

  • JJ: "Evolution of the word professor is one of the most exciting and transformational areas in software --- both in terms of market dynamics and end user capabilities. Open source is playing a very central role here with projects like @nocodb and @appflowy leading the way." Link

  • Patrick DeVivo: "Spent some time today putting together a CLI that uses @OpenAI codex models for natural language -> SQL: (taking what we learned doing it in @mergestat-lite), but generalizing for any SQL database" Link

  • JJ: "Accurate. Even more accurate: The 21st century is being delayed because so many things are not yet open source !

  • Matt Asay: "In my opinion, Google blew it with open source layoffs. Cutting the very people who built the open source foundation that supports its cloud success seems shortsighted and, frankly, baffling by @mjasay for @InfoWorldLink

  • Open Source Startup Podcast🎙: "E72 of the Open Source Startup Podcast is UP🎧 @tnachen & @amanda_robs interview @byAnhtho, CEO of open source billing platform @GetLago💸 Anh-Tho came highly recommended & this episode does not disappoint! Packed w/ nuggets for any open source founder💪

  • JJ: "To maximize digital abundance, we must maximize open source." Link

  • JJ: "Since 2020 alone, Venture Capitalists may have funded open source more than all of Big Tech has (combined!) since 1999. 👀

  • Peer Richelsen 🗓🍊: "collecting logos like magic cards

  • Armon Dadgar: "Excited to open source two new @HashiCorp projects! First, Helios is our design system that we've worked on for a few years. It's bringing a consistent look and feel across our products but also allowing us enhance accessibility.

  • Armon Dadgar: "Second, is Hermes. We have a document heavy culture (PRDs, RFCs, memos, etc) and we've invested in internal tooling to make it easier to author, publish, discover, and subscribe to relevant documents.

  • JJ: "Open source will eat everything said differently... That proprietary software has any value at all is the biggest lie ever sold in the history of capitalism, thus far." Link

  • JJ: "EPIC presentation by @mojombo on the early days and history of founding @github ...

  • JJ: "TIL @automattic (creators of @WordPress, run by @photomatt) made their VERY first acquisition in 2007... and that project was @gravatar (still alive today!)... And Gravatar was @mojombo's side project just before he founded @github. 🤯🤯🤯🤯🤯🤯🤯🤯🤯🤯

  • JJ: "So many @OSSCapital portfolio companies .. 🤝✨

  • jack: "a milestone for open protocols... #nostr is now officially on the Apple App Store with @damusapp

  • JJ: "So... @YCombinator has invested in 100+ COSS startups since 2008 (80%+ of those over the last 2 years alone!). If this were abstracted out as a distinct fund, it would do extremely well... like a 100X fund, I think, and that's not an exaggeration. 😁

  • Runa Capital: "ROSS index is back but with a twist. 🤸‍♀️🪢 This time we've complemented our quarterly analysis with an annual report. That's right, we've listed the top 50 fastest-growing open-source projects in 2022! 🤩 So, where do you feature? 🫣👇

  • Emily Omier: "This week Heather Meeker (@HeatherMeeker4), General Partner at @OSSCapital joins me to chat about the legal elements of open source. The Business of Open Source:

  • Jordan Segall: "(1/7) Excited to introduce Segfault, a newsletter focused on devtools. First up: I collected open source traction data from 80 startups at the time of their Seed/As to create a data-driven guide to OS fundraising and what successful OS traction looks like:

  • Open Source Initiative "The Open Source Initiative improves its licensing rules | Open Source Watch via @sjvn

  • JJ: "Disappointing and sad! The opposite should be happening.

  • JJ: "Nostr is an evolution of the legacy client/server architecture where the server owner governed the control of the data and experience the client received...Nostr makes the client as valuable as the server instead of the other way around." Link

  • Grafana News: "How Grafana Labs uses and contributes to OpenCost, the open source project for real-time cost monitoring in Kubernetes

  • JJ: "Very much looking forward to this. Kelsey is one of the kindest & smartest humans I know, and I always learn something new whenever we speak.

  • JJ: "WOW... Nearly 10% of ALL games published on @Steam are built with @godotengine. 🔥 📈 🤖

  • COSS Community 🌏: "👀

  • Elad Gil: "🆕 @saranormous & I just launched "No Priors," a podcast w/ leading founders & researchers in AI Guests include: @polynoamial@EMostaque@c_valenzuelab@ashVaswani@mustafasuleymn, Daphne Kohler... Listen here:🎙Link

  • Juan Linietsky: "The amount of games published to Steam using Godot has been growing very strongly these past years (5x in 2 years). Once Godot is available as supported middleware by console manufacturers (we are on this with @W4Games), I hope we will see this grow even faster..

  • Kelsey Hightower: "I learned a lot from @JosephJacks_ today. Tons of insight on what it takes to bootstrap a VC firm from the ground up, the history of open source as it pertains to building a software business, and why some projects and maintainers are able to transition from projects to products.

  • nocodb: "What is NocoDB? 🤔 NocoDB is a new, free, open-source alternative to AirTable. We take the best of spreadsheets & databases and combine them into one platform. 🙌 With over 34,000 stars and counting on GitHub, join us to see what the hype is about:

  • JJ: "Open Source = Your IP is my opportunity." Link

  • JJ: "That your core source code is open source has very little to do with the defensibility of your business model. That your high rate of iteration and innovation is sustained over long periods of time, however, absolutely does." Link

  • JJ: "Here's a 65 tweet thread on how open source can disrupt the multi-trillion-dollar health care industry... 🧵😤" Link

  • Peer Richelsen 🗓🍊: "i think the health of an open source repo is correlated of the comments and amount of labels on the tickets + a good ratio of closed/open tickets

💸 COSS Liquidity (M&A + IPOs)

🛠️ COSS Jobs

  • 4,148 jobs and 259 companies hiring! Link

📊 $COSS - Public Markets

  • $COSS markets up 6.39% last week

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

Koyfin market data

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