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Joseph (JJ) Jacks for COSS Community

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COSS Weekly #130

Here's the one-hundred thirtieth 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 $5.2M in funding announcements from AlphaOmega and Leantime, OpenBB's release of Terminal 3.0, comments from Jack Dorsey and Heather Meeker on open-source and AI, and other exciting conversations.


💰 COSS Funding: $5.2M

  • AlphaOmega, an OSSF security project, announced $5M in funding from Microsoft and Google. Link
  • Leantime, a project management software, announced $225K in investment and support accelerator from the AWS Impact Accelerator. Link

📚 COSS Content

  • Peer Richelsen 🗓🍊⚡️: "if i had a billion dollars i would probably blow it into open source projects highest ratio of return for money + philanthropy" Link

  • Yann LeCun: "@erikbryn @elonmusk @SmokeAwayyy With open-source LLMs popping everywhere, I wish him luck. People are seeing LLMs as a basic infrastructure and demand it to be open. Just like the software infrastructure of the internet; TCP/IP, Linux, Apache, Javascript, PNG, etc. All open & free. Remember Solaris+Java,...

  • JJ: "TIL that @formbricks is awesome. 👌🏼" Link

  • Roelof Botha: "My conversations with the team @MongoDB and with @jack convinced me that we @sequoia should do more to directly support Open Source development. This is a great start! @dittycheria @dmerr @eliothorowitz

  • Juan Linietsky: "I made this graphic to explain how I see in my mind the difference between proprietary and FOSS innovation. FOSS is everywhere and relies on the collective intelligence, while proprietary can focus investment better and advance faster in specific areas.. but.. 🧵

  • JJ: "My employer @OSSCapital has: --- Made ~ 50 investments since late 2018 (nearly 5 years full-time now) 🗃️ --- 90% of each dollar went to startups we cold-contacted (no "deal flow") 🥶 --- 100% of our companies are remote first / WFM friendly / mostly devoid of physical offices 💻 ---...

  • "@peer_rich and @BaileyPumfleet wrote an open letter about who we are, and what we're aiming to do. if you haven't gotten the chance to read, it's totally worth your while. link below for the heart behind ❤️

  • OpenBB 🦋: "OpenBB Terminal 3.0 is out. Nothing has changed, yet everything is different. A game-changing update empowering users with interactive charts and tables. Don't sleep on this new version. Try it for free today.

  • Alessandro Perilli ✍️ Synthetic Work 🇺🇦: ".@openbb_finance is one of the most important open source projects out there, and one of the most promising businesses based on open source we have today. They have been on my Startups Worth Watching list* for a long time. @OSSCapital and @JosephJacks_ know that this is just...

  • JJ: "Someone should build an open source AI-phone ... AI-native smartphone to disrupt the iPhone with local compute and inferencing capabilities to run the most powerful LLM and diffusion models locally with zero remote cloud/web API calls. Fully open source including the core runtime." Link

  • Rust Foundation: "The Rust Foundation is excited to welcome our newest Silver Member, @appflowy! Don't miss this Member Spotlight blog featuring AppFlowy Co-Founder & CTO @nathanfooo to learn how the company is using Rust, why they decided to join the Foundation, etc.

  • JJ: "Sam Altman on actually open source AI: "OSS models will always be 3 years behind closed models, and that's a good thing" "Meta should just open source LLaMa at this point" "Capabilities of OSS models will likely continue to impress us overall"

  • Emad: "We are getting ready to open source dream studio (stable studio!) plus a bunch of other stuff and build language models and others in the open. I think the emergent nature of open source versus directed (think bitcoin core) is v interesting, it feels we are missing a meta layer" Link

  • JJ: "My partner @HeatherMeeker4 on copyright and open source licensing in the context of neural networks (aka AI).

  • Draw Things: "Took longer than expected. But we are getting there!

  • OpenBB 🦋: "Exciting news! Introducing the OpenBB Hub's latest feature: Routines on the go! 💼📲 Create financial files on the fly and import them seamlessly into your account. Now you can manage your routines anytime, anywhere. Check out the video below to learn more!

  • JJ: "Rusty factoid: the @OSSCapital portfolio holds the largest collection in all of VC of the fastest growing @rustlang projects globally. 🦀

  • Garry Tan 陈嘉兴 🛡️: "Open source LLMs are actually incredibly important for vibrancy and competitiveness in this next phase of software eating the world Otherwise a generation of startups might end up paying high rent on expensive land they can never own

  • MIT Technology Review: "The future of how AI is made and used is at a crossroads.

  • JJ: "Bard thinks @EMostaque used to work at @GoogleAI 🤣

  • VentureBeat: "@H2OAI today launched two open-source products: #H2OGPT, an open-source #generativeAI product, and #LLM Studio for fine-tuning models.

  • Unusual Ventures: "Open source is now the biggest driver in advancing the AI-native stack forward. In a NEW blog post, Unusual Ventures investors @weiliendang and @DavidSHershey explain why open source impacts every layer of the AI stack.

💸 COSS Liquidity (M&A + IPOs)

  • JJ: "Woah. Here's @jack on his latest Q1 2023 earnings call for $SQ (@blocks) a couple days ago talking about how open source protocols are growing as fast as AI. 🔥

🛠️ COSS Jobs

  • 3,477 jobs and 274 companies hiring! Link

📊 $COSS - Public Markets

  • $COSS markets up 1.74% last week
  • Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.

Koyfin market data

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