COSS Weekly #138

#cossweekly

Here's the one-hundred thirty-eighth 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 $8M in funding announcements form Bluesky, big revenue for MongoDB, discussions on Open Weights, progress for Godot, and more!

Enjoy!

💰 COSS Funding: $8M

Bluesky, the social media platform, announced their $8M Seed led by Neo. Link
JJ: "Big congrats to @bluesky on unveiling their $8M seed led by a group of amazing angels including friends @jbeda @CaretakerBob @kelseyhightower @automattic @HeatherMeeker4 and many others ✨ https://t.co/QZe66aSv6p" Link

📚 COSS Content

JJ: "Open source founders --- how do you version your projects/code?" Link
JJ: "Good discourse on the orange site about why AI weights are not open "source"... Thanks @sytses for advancing the dialogue here. https://news.ycombinator.com/item?id=36601622" Link
OpenBB 🦋: "We have reached another amazing milestone - 12K followers on Twitter! This wouldn't have been possible without your support and we would like to express our gratitude to you. Open to anyone's input. Open to everyone's work." Link
swyx 🐣: "it looks like @sytses has joined @JosephJacks_ and @HeatherMeeker4 in mapping out the terminology for "Open Weights". this is important legal work outlining potential issues with the @StabilityAI/@Huggingface RAIL license and defining an OSI friendly version of Open Weights. https://t.co/2MUGnjYzey" Link
Godot Engine: "Godot 4.0 was so good, we made a sequel! Thanks to 300+ contributors and four months of improvements and polish, #GodotEngine 4.1 is ready for your projects. Read more in our announcement: https://t.co/mDgj6v1CY9" Link
Plane: "Open-sourcing soon. 👀🔥 Sign up for early access → https://t.co/kLWi7HXi15 📱 ✈️ https://t.co/9YsOH5pJP0" Link
bluesky: "Our Plan for a Sustainably Open Social Network https://t.co/AKFXiLrMz5" Link
Brigitte: "Our CEO @ClementDelangue is featured on @FastCompany's list of Most Creative People in Business 2023! 🔥 Kudos to @harrymccracken for an excellent writeup about @huggingface 🤗, starting with a nod to the epic #WoodstockAI https://t.co/3CkcLCVtqu" Link
JJ: "Awesome story sharing the founding origins of @openbb_finance 🦋: https://t.co/0G4Neaf83j" Link
Peer Richelsen 🗓🍊⚡️: "open source, open heart, open mind https://t.co/ZkAlRHJL0s" Link
Didier Lopes: "We spoke with a professor from the University of Massachusetts that has been using OpenBB for 4 months and wants to bring it to his class to replace Bloomberg Terminal because he wants students to have access to the data easily at home 🤯" Link
Ahmed Elsakaan: "NOODLE HAS PASSED 5000 STARS ⭐️ This is absolutely crazy, would've never thought in a million years I'd have this many stars on my work even collectively and here I am in one week we achieved it. Thank you guys so much ❤️🫡 https://t.co/wFoPIsaL9L" Link
Juan Linietsky: "While its far more common see discussions online comparing Godot to Unity, it's interesting that, from time to time, you can see discussions comparing Godot to Unreal Engine. Many times people just say "Why use Godot for 3D instead of Unreal? It makes no sense to me". Well.. 🧵 https://t.co/xkcmEgFXzH" Link
JJ: "Our 50~ @OSSCapital portfolio companies are very geographically distributed... 🇦🇺 🇨🇭 🇪🇸 🇸🇬 🇺🇸 🇲🇹 🇬🇧 🇮🇳 🇧🇷 🇨🇦 🇫🇮 🇫🇷 🇩🇪 https://t.co/I0fPp6VKUM" Link
JJ: "Personally, I've never understood the LangChain hype ... it's literally just Chef/Ansible-style scripting for LLMs. Two issues: 1) None of those historical CM tools generated any meaningful outcomes, 2) LLMs are evolving rapidly and won't be the core substrate a year from now. https://t.co/2RsaYdZPVe" Link

💸 COSS Liquidity (M&A + IPOs)

Jason ✨Be Kind✨ Lemkin : "Who's simply put, crushing it today? Even macro challenges haven't slowed MongoDB much. It's now at $1.5 Billion ARR, growing 29% overall ... and it's worth a stunning $28 Billion. That's about as good as it gets in SaaS and Cloud! 5 Interesting Learnings: 🔽🔽🔽🔽🔽" Link

🛠️ COSS Jobs