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Joseph (JJ) Jacks for COSS Community

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COSS Weekly #134

Here's the one-hundred thirty-fourth 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 $33.5M+ in funding announcements from MindsDB, LlamaIndex, and GGML, the launch of the Open Weights Foundation, milestones and updates on COSS projects, and more!


💰 COSS Funding: $33.5M+

  • MindsDB, the ML database, announced $25M in funding led by Mayfield Fund and Benchmark. Link
  • LlamaIndex, a data framework for LLM applications, announced their $8.5M Seed led by Greylock VC. Link
  • GGML, an ML library for performance on commodity hardware, announced their initial funding led by Nat Friedman and Daniel Gross. Link

📚 COSS Content

  • JJ: "Proliferation of super-intelligence is a good thing. Open source is already (and will continue to be) the ultimate manifestation of decentralized super-intelligence.

  • Emad: "The response I sent to the team to allegations here: Didn't cover everything but feel free to ask if you have any queries. Or like ask about actually interesting things 🤷🏾" Link

  • JJ: "Open source is eating software itself... way faster than software is eating the world. And AI is accelerating this dynamic by an order of magnitude or more. 🚀

  • COSS Community 🌏: "@didier_lopes" [Link](

  • JJ: "✨ Excited to 'open source' our @OSSCapital pitch deck... sanitized to avoid violating SEC regulations. I've iterated this same deck since founding the firm in 2018 and raised > $100M since. Team + disclosed portfolio info here:

  • The New Stack: "A new(ish) open source Jira alternative called Plane has landed on the scene and has begun generating developer interest. #opensource #DevOps #softwaredevelopment" Link

  • Peer Richelsen 🗓🍊⚡️: "🥺🙏😍

  • OpenBB 🦋: "OpenBB Vision?

  • Open Source Startup Podcast🎙: "New Open Source Startup Pod ft open source financial cloud @formancehq founder @superzamp☁️💸 We dig into the benefits of open source ledgers, building in a modular way, their monetization framework & much more!

  • Liyas Thomas: "Today, I receive this heartwarming message from a user. Their gratitude for @hoppscotch_io, keeps me motivated to continue building and improving Hoppscotch. Thank you for being part of this incredible journey! ❤️" Link

  • Wasmer: "🎨 Did you notice something different on our website? Today we are incredibly excited to ship a "branding-new" experience for Wasmer. Check it out! 👇" Link

  • JJ: "Since RMS invented Free Software in 1983, 40 years ago, we've never before witnessed a more critically important moment for accelerating Open Source innovation... especially on the backdrop of increasingly corosive government regulation of cryptocurrencies and AI." Link

  • Marc Andreesen: "Why AI Will Save The World By Marc Andreessen The era of Artificial Intelligence is here, and boy are people freaking out. Fortunately, I am here to bring the good news: AI will not destroy the world, and in fact may save it. 🧵" Link

  • TechCrunch: "Automattic launches an AI writing assistant for WordPress by\
    @indianidle" Link

  • Elon Musk: "This platform will provide email addresses of subscribers (who opt in) to content creators, so that creators are able to leave this platform easily & take their subscribers with them if they want" Link

  • JJ: "📸 Ente is a beautiful open source alternative to Google/Apple Photos: @enteio

  • JJ: "Wise of Sequoia to do this. I've also witnessed firsthand these conflicts they cite --- it is a major growing issue in an increasingly competitive world --- relatedly, Asia and specifically India are major growth areas for open source.

  • Brian Armstrong 🛡️: "Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules. Remember: 1. The SEC reviewed our business and allowed us to become a public company in 2021. 2. There is no path to "come in and...

  • GitHub Education: "🚀Joining forces with @rustdesk for Octernships! Help shape the future of remote work with 'Elevate Privilege with Rust'. Get involved at #GitHubEducation #Octernships #RustDesk

  • Stratechery: "6-8-2023 ($) An Interview with Vercel Founder Guillermo Rauch

  • JJ: "✨ NEWS: As promised, we are launching the Open Weights Foundation, Manifesto, and our first proposed License. Open Weights is Open Source applied to AI models (neural nets and specifically their weights). Very excited for community contribution and feedback! 🤝

  • Lago: "@OssStartup from @amanda_robs & @tnachen They Interview Open Source Startup founders, we loved the newest one with @superzamp and the one with our co-founder @byAnhtho 👀 Podcast here:

  • Open Source Startup Podcast🎙: "New Open Source Startup Podcast featuring open source ecosystem guru @ab415 🎧 @amanda_robs & @tnachen dig into Abby's experience as CTO of @puppetize, CEO of @cloudfoundry & her advice for open source startups 💪 This episode is a MUST for founders ⚡️

  • AppFlowy: "v0.2.0 is out, the biggest update since v0.1.0 --> This release includes loads of database and editor enhancements 🚀" Link

  • GitStart: "We've hit the 💯 mark for @calcom! Huge props to team for the continuous support! 🚀 We are proud to be part of the open source community and supporting open source projects! ❤️

  • Yann LeCun: "Zuck on Lex about LLM open sourcing: "It's agreed upon that open source software is generally more secure and safer."

  • daniel roe 🇺🇦: "⚡ I mentioned that creating bounties on someone else's repo would be interesting, and two days later it's live on @algoraio. I'm very interested to see how this will end up being used.

  • Peer Richelsen 🗓🍊⚡️: "comfirmed zuck is COSS evangelist

  • vitalik.eth: "The Three Transitions:\

  • Formbricks: "Formbricks v0.15 is out 🙌 Fully revamped Webhooks almost made it, but we decided against making significant changes to our data model on a Friday night 🤓 Will test over the weekend and 🚢 on Monday." Link

💸 COSS Liquidity (M&A + IPOs)

  • Jamin Ball: "GitLab quarter: - $127M rev (+45% YoY) vs $118M consensus (8% beat) - $130M next Q guidance vs $127M consensus (2% raise) - Raised full year guide by $11m (2%) - 128% DBNR - 45 months GM adj. CAC payback - 89% GM - (9%) FCF Margin $GTLB" Link
  • JJ: "Really rough day for @HashiCorp stock getting hammered (down 23%, wiping out > $1B in market cap) due to a revenue miss. Comments from CEO ... 🧐
  • Jamin Ball: "Hashicorp quarter: - $138M rev (+37% YoY) vs $133M consensus (4% beat) - $138M next Q guidance vs $142M consensus (3% miss) - Reduced full year guide by 4% (relative to guidance on last earnings call) - 127% NDR - $6m net new ARR ($95m S&M last Q) - 81% GM - 1% FCF Margin $HCP" Link

🛠️ COSS Jobs

  • 3,559 jobs and 284 companies hiring! Link
  • JJ: "📲 Looking for a rockstar designer to work on @AppStore promo materials (screenshots, screen recordings) for an iOS app. The developer has some major updates coming and wants to revamp as part of latest launch. Very exciting consumer AI startup. DM / reply if this is you! 🔥 👀" Link

📊 $COSS - Public Markets

  • $COSS markets down 0.38% last week
  • Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.

Koyfin market data

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