Here's the one-hundred nineteenth 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 $17.8M in funding announcements from Replicate and Svix, Hoppscotch reaching 50,000 GitHub stars, the return of Open Core Summit in 2023, and exciting updates on LLMs and open-source AI.
💰 COSS Funding: $17.8M
📚 COSS Content
COSS Community 🌏: "@ffo_sesp @OSSCapital @descopeinc @lightspeedvp @OligoSecurity @pydantic @sequoia @reduzio @rywalker @weiliendang @Dries https://t.co/gWyAMXVLmZ" [Link](https://twitter.com/ffo_sesp/status/1627423889340116993)
JJ: "Today, I'd like to give a special shoutout to the awesome @sambutlerUS. 😍 On October 18th, 2020, Sam contacted me cold on LinkedIn. I responded instantly. Over 2 years later, Sam has tirelessly shipped every COSS Weekly (@COSS_Community) well past 100 issues! https://t.co/EZyeNLo2PB" Link
JJ: "This articulates the value proposition of an open vs. closed source ERP/CRM quite well. ERP/CRM markets together represent $50 billion dollars per year in spend actively getting transformed by open source!! // @Odoo ✨ @SAP 😬 @Salesforce https://t.co/v1zZRLeBam" Link
Peer Richelsen 🗓🍊⚡️: "damn with Indonesian 🇮🇩 we're adding our 33rd translation this week to @calcom our mission is to connect 1 billion people by 2031 -- only a truly accessible product can achieve this" Link
Liyas Thomas: "Just hit 12,500 followers on @ThePracticalDev 👩💻👨💻 Sharing my open-source journey building @hoppscotch_io has been an incredible experience. Thanks to the amazing community and @bendhalpern for making it all possible 💚 https://t.co/VUUSJNpjAz" Link
Stability AI 日本公式: "日本語に特化した、今までないチャットボット「Stable Chat(日本語版)」を開発します！ 世界トップクラスの技術、大規模GPUクラスター、オープンコミュニティの力など... 私たちの強みを生かした透明性の高い最高の大規模言語モデル(LLM)を構築します。 1/2" Link
JJ: "Good Day Everyone, so today's GitHub top trending charts are open source GPTs, open source diffusion and open source YouTube downloading ... what a time to be alive! 🥲 https://t.co/ExUoXHzy2D" Link
Hoppscotch: "50,000 Stars on GitHub --- to the moon 🛸 🌔 🚀 . . . . . . . . . . 💥 🌏" Link
Liyas Thomas: "Hoppscotch crossed 50,000 GitHub stars today 🎉 We're just getting started. Excited to build the truly open source API development ecosystem for all developers 💚 Here's a sneak peek 👀 at the upcoming features in Hoppscotch's March release. 🧵 https://t.co/hpB9Dhcp34" Link
Open Source Startup Podcast🎙: "E74 of the Open Source Startup Podcast is LIVE🎙️ @tnachen & @amanda_robs talk with @bsideup, CEO of dev-first testing platform @AtomicJarInc built on @testcontainers 🔥 Listen here 👉 https://t.co/RqUBbvqoRp https://t.co/BnUqqrIZ5K" Link
JJ: "Open Source is the Alpha and the Omega, the beginning and the end." Link
JJ: "✨ HUGE NEWS ✨ We are reviving @OpenCoreSummit this year and will be producing a major in person event later this year --- OCS III. The COSS startup and company ecosystem is bigger than ever now. 🔥 Stay tuned with more details on our partnerships, dates and more soon. 👀" Link
Alessio Fanelli: "Super excited to launch the Latent Space Podcast w/ @swyx 🔭 Our guests will be the best people working at the cutting edge of the AI space, from founders to PhD researchers. (1/2) https://t.co/qTOiq3LVal" Link
Open Source Startup Podcast🎙: "Ep 75 of the Open Source Startup Podcast is LIVE🎙️ @amanda_robs & @tnachen talk with @JamesMikrut, founder of the headless CMS built with Node.js, React & MongoDB ✨@payloadcms✨ https://t.co/5QwHltusx7" Link
Coinbase: "1/ 🔵 We're excited to announce @BuildOnBase. Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps. Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy. https://t.co/RmwZFJzGGs" Link
Qualcomm Research & Technologies: "Generative AI is now running completely on an edge device. Learn how @Qualcomm #AI Research deployed Stable Diffusion, a popular 1B+ parameter foundation model, on a @Snapdragon phone through full-stack AI optimization. https://t.co/J2B6N4wmUR" Link
JJ: "Creating an open standard should be Priority #1 for every COSS business.. at least for the first few years. Unfortunately, many COSS startups die because they fail to realize the criticality of this --- and instead focus on the wrong things too much, too early." Link
Amjad Masad ⠕: "There's a surprising lack of cooperation among VCs. For example, if there was great OSS foundation models all startups would benefit and by extension they would too --- so they should pool their resources and train some large models." Link
JJ: "Open LLM alternative to GPT-3 but very cleverly published: GNU licensed requires all weight changes to be upstreamed ... and no commercial use. Still, huge step forward for truly open source AI. 👏🏼 Well done @ylecun and team. https://t.co/K2iMebp5XO" Link
💸 COSS Liquidity (M&A + IPOs)
- JJ: "Alphabet has $113 BILLION in cash, an 18% decline from 2018...! Imagine how many enormous LLMs you could train and scale with that much cash. Microsoft used to have $130B in cash until recently --- now only $90B. These are staggering numbers NOT including $2 Trillion+ in equity." Link
🛠️ COSS Jobs
- 3,865 jobs and 266 companies hiring! Link
📊 $COSS - Public Markets
$COSS markets down 4.34% last week
Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.