Here's the two-hundred 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 Red Hat's acquisition of Neural Magic, updates and historic potential for Plane, JJ tours the open-source ecosystem in India, and more!
Enjoy!
💰 COSS Funding
No COSS Funding announcements this week.
📚 COSS Content
JJ: "So @Zerodhaonline is the biggest open source company in India with > $1 billion in revenue, 7 ~ million users ... run entirely by a 30~ person engineering team (stack: @planepowers, @golang, @FlutterDev, @vuejs, @ClickHouseDB, @PostgreSQL, @ThePSF). Big congrats to the phenomenal @Nithin0dha and @nikhilkamathcio + Kailash Nadh brothers and cousin. Founded in 2010 with ZERO capital raised." Link
Vamsi Kurama: "All @pivotaltracker users are welcome to @planepowers! Master and use agile your way with intuitive power that scales. Switch today! P.S. It's a joy to use --- that's what our customers say." Link
Richie - oss/acc: "Coming soon to @Cap... Cap Apps. First up: S3 Config. The ability to connect your own S3 bucket. Imagine Loom/Cleanshot, but you maintain complete ownership over where your data is stored and served." Link
W4 Games: "Planning your game launch? While Steam is often the go-to solution, consoles can be a powerful way to expand and connect with more players. Have you thought about porting your game, or is there something preventing you from exploring this platforms? #IndieGames #GodotEngine" Link
JJ: "COSS increasingly means Consumer open source. The number of @OSSCapital core portfolio with beautiful and popular native mobile experiences is increasing rapidly. @bluesky @drawthingsapp @planepowers @appflowy" Link
Vihar Kurama: "@planepowers team and @JosephJacks_ in Bangalore! Join us tomorrow (13th Nov) at IndiQube Garden, 6th Block, Grape Garden, Koramangala, for two back-to-back events: 4:00 pm - 6:00 pm: Crypto Mixer ft. Bittensor by OSS Capital (lu.ma/9lae29pq) 7:00 pm - 9:00 pm: Plane Community Meetup (lu.ma/4d71e3x6) Food and drinks on us, plus an exclusive @planepowers 30k tee!" Link
JJ: "Thrilled to visit for first time IRL in many years with our @osscapital partners, the founders of @browserstack --- Ritesh and Nakkul. Amazingly inspirational builders on the global stage executing extremely capital efficiently --- western and Bay Area founders in particular need to observe their actions closely. Absolute master class in vision, leadership, scaling, shipping and so much more." Link
JJ: "Honored to visit earlier today with Kailash Nadh, CTO of @zerodhaonline. Joined by @vamsi_kurama, @viharkurama and @gauravchanchal of @planepowers (which Zerodha runs at scale in production). Kailash is a spectacularly gifted open source ARTIST and incredibly humble man." Link
OpenBB: "Learn how to build company analytics from the ground up, from setting up financial statements to generating AI-powered comparative insights. See how our Copilot and dashboard features can enhance your analysis" Link
JJ: "The world doesn't yet see these forces of nature coming --- @planepowers Transforming the future of work. Progress at the speed of thought." Link
Automattic: "WordPress isn't just a software--it's a movement. This movement, and the community that powers it, are why WordPress now powers over 40% of the web. That's why Automattic and @photomatt are taking action to protect it from misuse by those who profit without giving back." Link
JJ: "10-100+ users can be on a single instance (one pull). Very conservatively implying that many millions of users are already seeing value from @planepowers. 90% of these users joined us over the last 9 months." Link
Plane: "This is getting serious." Link
JJ: "Every COSS startup with commercial self-hosted product needs to pay close attention to how beautifully well executed this is....." Link
JJ: "--- Truly incredible execution by @didier_lopes and team here. Proud founding investor from inception... @OpenBB_finance is accelerating an open future in the world of investment research." Link
Plane: "Kicking off day 2 of Verse, our launch week, with two new plans. plane.so/business" Link
JJ: "Energy in the @planepowers office right now. youtube.com/watch?v=DgJS2t..." Link
JJ: "ARR ramp here from zero makes Plane the fastest growing COSS startup in history. Will say more later ..." Link
Vamsi Kurama: "think. work. build --- all in synchrony. progress at the speed of thought. @planepowers." Link
Vamsi Kurama: "Open source is going to be big in the future. Thanks to @zerodhaonline for supporting us from the very beginning. Proud users of @planepowers." Link
Vihar Kurama: "had an incredible week with @JosephJacks_! we were 10x more productive in person---discussed the future of @planepowers, signed new customers, shipped launch-week, and connected with some inspiring entrepreneurs. the energy he brings is just . can't wait to see you back in again." Link
Cal.com: "It's time for v4.7 change log! We're super excited to share all the new features and updates we've been working on for the past 30 days." Link
JJ: "Why?? Am I nuts?!?!!? This was not flippant... I'll unpack: - India's nominal GDP growth has been accelerating since the 70s from 4-6% to nearly 10% in recent years. Run the numbers and this adds > $10 trillion in GDP within a decade and moves India into the top 3 close to China ..." Link
Hoppscotch: "Last Friday, we hosted our November Hoppscotch Townhall, and it was a pleasure connecting with you all, discussing our latest release, sharing insights on what's ahead, and previewing some upcoming features. For those who couldn't make it, here's a full recap of what went down ..." Link
JJ: "Since 2014, NVIDIA grew 300X and Bitcoin grew 375X." Link
Plane: "For those coming to this party a little late, Plane Intelligence AKA Pi will have 𝐟𝐢𝐯𝐞 𝐢𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐟𝐞𝐚𝐭𝐮𝐫𝐞𝐬, not one. All about the five ↓." Link
nocodb: "Now you can effortlessly scroll to infinity and beyond! #nocodb #nocode #opensource" Link
crux: "Just over a year ago subnets came into existence, and now 130 subnets have been registered on main net. My favourite thing about this chart is that it shows that subnets are living longer (my guess: deploying more resources). The subnet business got serious." Link
JJ: "Such a pleasure to see @liyasthomas in person again this year. He's scaled @hoppscotch_io masterfully from zero to millions of users as Creator and Founder CEO ... now serving many major F2000 enterprises globally in production." Link
Godot Engine: "GodotCon 2024 was our biggest event to date! Relive the energy from two action-packed days with our amazing community, and stay tuned as we start planning the next one! #godotengine #godot godotengine.org/article/review..." Link
Nat Miletic: "There is nothing that webflow does that WordPress doesn't do better" Link
Plane: "Meanwhile, switching from Jira Cloud will be super-easy. Jira Server, Asana, Linear, GitHub, and GitLab will all come this year. Yes, GitHub and GitLab will have integrations and importes, both! x.com/planepowers/st..." Link
Rich Tabor: "who else is going to State of the Word in Tokyo this year? wordpress.org/state-of-the-w..." Link
Automattic: "Read up on why we're defending the open-source future of WordPress and how you can support a healthier, more resilient ecosystem. automattic.com/2024/protectin..." Link
Dani Grant: "Calendly didn't have a technical co-founder Instead, they built the product with a dev agency (Jam too!) There's no one way to build a startup Don't let people tell you you need a technical cofounder to start your company" Link
JJ: "Enjoyed this event! Big fan of the work @zerodhaonline is doing with @FOSSUnited." Link
JJ: "This is by far the most exciting trend for COSS startups with self-hosted commercial product for enterprises --- enormous trend representing TRILLIONS in market cap transformation in shifting from public cloud / SaaS to on-premise / private cloud ..." Link
AiRev ($PRIME arc): "Just a casual 2M $PRIME token ($16M) deposit locked overnight at max duration by @ParallelTCG largest investor @OSSCapital led by @JosephJacks_ They now have over 5M $PRIME or approx 10% of the circulating supply cached in @AIWayfinder until June 2027 Conviction redefined //" Link
JJ: "Nice work by @farukaydin & @barinali: Open alternative to Zapier! We like. github.com/automatisch/au..." Link
Santy Gegenschatz: "Just finished a video meeting via @calcom 's video meeting software. Clean, elegant, fast. I can see the road to a billion users. Amazing and thanks for giving these cool stuff out to users. Keep building!" Link
bluesky: "another day, another million new users on bluesky blew right past 18M people today! bsky.app/download" Link
Didier Lopes: "In March 2022 we had just announced OpenBB. At that time, I made a sketch of how I envisioned OpenBB evolving. I was calling it an "Integrated Investment Research Platform (IIRP)". Back then ..." Link
💸 COSS Liquidity (M&A + IPOs)
- Neural Magic acquired by Red Hat. Link
- JJ: "Big congrats to MIT spin-out @neuralmagic led by my friend @addvin (former CTO of @RedHat) on their acquisition by @RedHat --- they built some super valuable tools for training and inference on CPUs. redhat.com/en/blog/future..." Link
🛠️ COSS Jobs
- 4,790 jobs and 327 companies hiring! Link
📊 $COSS - Public Markets
$COSS markets up 0.18% last week
Latest $COSS markets as of last Friday at market close, courtesy of Koyfin
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