COSS Community ๐ŸŒฑ

Cover image for COSS Weekly #165
Joseph (JJ) Jacks for COSS Community

Posted on

COSS Weekly #165

Here's the one-hundred sixty-fifth 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 ๐Ÿ˜‹ news from the previous week in COSS across: Funding, Content, Jobs, Liquidity and $COSS (Public Markets).

Last week saw major announcements from JJ and OSS Capital, a COSS challenger at the top of GitHub (!), exciting news from, LiquidAI, and Meta, and more!


๐Ÿ’ฐ COSS Funding

  • JJ - oss/acc: "Financial goals for 2024: Invest > $120M via @OSSCapital (including SPVs). Double TVPI on OSS F1 and F2 (both currently at 5X~) and get to first 5X w/ F3. Deploy half of F4 (these are all tiny $50M~ vehicles). Return 150% of F1 and F2 (net DPI each)."\

  • JJ - oss/acc: "For the last few years, I've been investing $5M ~ every month in COSS startups and commercial open source investments. We're tripling this pace in 2024." Link

๐Ÿ“š COSS Content

  • Ramin Hasani: "we're combining our expertise with @Capgemini to innovate in AI, pushing boundaries in domains from healthcare to finance. this collaboration is not just about technology, but making the trusted AI market for enterprises!" Link

  • JJ - oss/acc: "@NammaYatri is India's open source alternative to Uber ... and they are on fire. 4M+ users, 22M+ rides completed, $40M+ paid to drivers (100%, no intermediary fee). Created 1~ years ago. Amazing." Link

  • Peer Richelsen - oss/acc: "bangerang! @calcom v.3.7 is out like a clockwork--every 15th of a month. - OOO mode with redirect - Instant Meetings - many more things!" Link

  • JJ - oss/acc: "Who's building open source compliance alternatives to Vanta / Drata? We are excited to invest in this area @OSSCapital. All our COSS founders spend a lot of time and money getting SOC II, ISO, HIPAA, GDPR, etc, compliant ... we need open standards and open platforms that automate!" Link

  • Ramin Hasani: "Discussing how we think about the future of AI @LiquidAI_ , in Davos alongside @wef with @felixnaser @xanamini Steve Pagliuca, and Daniela Rus!" Link

  • JJ - oss/acc: "" Link

  • JJ - oss/acc: "Mark my words: India is on a trajectory to be as impactful economically and important strategically as the USA is today on the world stage WITHIN the decade. And @OSSCapital is investing heavily there. I'm excited to visit Bangalore, Hyderabad and Kochi for a week on March 1st this year." Link

  • Didier Lopes: "Since the OpenBB Hub launch, we have been averaging around 100 sign-ups a day - pretty consistently. Looking forward to seeing the impact that Terminal Pro leaving beta will have on this curve" Link

  • OSS Capital: "COSS startups represent the ultimate union of capitalism and philanthropy." Link

  • Didier Lopes: "If you are into open source, I cannot recommend this book enough from @HeatherMeeker4 The last pages of the book are worth the cost of the book itself - it contains the COSS playbook, a CLA template, trademark policy template, enterprise software license agreement template, maintenance and support agreement template. Literally all you need to get started." Link

  • ResearchHub Foundation: "More Democratic Science. -@brian_armstrong, Co-Founder & CEO @ResearchHub , explains how hubs on ResearchHub can lead to more trustworthy science." Link

  • JJ - oss/acc: "Holy shit. Meta is training LLaMa 3 on 600,000 H100s.... That's $20 BILLION worth of GPUs.... L.F.G." Link

  • Bill Gurley: "Open-source is the ultimate disruptive business model. This is why so many people are running at politicians trying to create regulatory capture. They are appropriately fearful of fighting open-source on a level playing field." Link

  • JJ - oss/acc: "My financial goal is to make @OSSCapital the most successful investment company in history - hundreds of billions in profits created from our collection of tiny < $100M funds. My philosophical goal is to have @OSSCapital play a critical role in the sustainability and maximization of open source for all." Link

  • JJ - oss/acc: "Conviction is a vector not a scalar." Link

  • JJ - oss/acc: "$20 Billion of GPUs." Link

  • JJ - oss/acc: "Why we need open source (weights) AI, by my amazing partner @HeatherMeeker4" Link

  • Josh Pigford: "absolutely bonkers. @maybe was the #1 trending repo on all of @github for the entire week. most stars added (by a very long shot)." Link

  • JJ - oss/acc: "" Link

  • JJ - oss/acc: "Even more excited than ever to spend 10 days in Japan next month ... I'll be there from February 15th onwards - if you are a superstar building in AI or open source or crypto, I want to meet! I'd also like to meet all the best LPs in Japan." Link

๐Ÿ’ธ COSS Liquidity (M&A + IPOs)

No COSS Liquidity announcements this week.

!๐Ÿ› ๏ธ COSS Jobs

  • 3,630 jobs and 299 companies hiring! Link

[๐Ÿ“Š $COSS - Public Markets

  • $COSS markets up 1.99% last week

  • Latest $COSS markets as of last Friday at market close, courtesy ofย Koyfin

Koyfin market data

Top comments (0)