COSS Community

COSS Community is a community of amazing COSS fans

A community for COSS builders, founders, consumers, investors, and fans.

Create new account Log in
loading...
Cover image for COSS Weekly #38
COSS Community

COSS Weekly #38

Joseph (JJ) Jacks
COSS missionary
・6 min read

COSS Weekly, Issue #38: July 18th, 2021

Here's the thirty-eighth issue of COSS Weekly, the global commercial open source (COSS) company category newsletter, brought to you every Sunday afternoon (Pacific Time) 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, Liquidity and $COSS (Public Markets).

This last week saw $225M in funding for Sourcegraph and Pantheon, funding and acquisition activity in the COSS sphere from Soft Bank's Vision Fund 2, public market updates for Couchbase and Kaltura, and podcasts + thought pieces from leaders across the COSS space — from Martin Casado, to Emily Omier, to Guy Podjarny, and Solomon Hykes.

Enjoy!


💰 COSS Funding: $225M

  • Sourcegraph, bringing great code search to every developer, announced their $125M Series D round led by a16z. Link

  • Pantheon, makers of a leading WebOps platform (starting with Drupal and WordPress hosting years ago), announced their $100M Series E round solely funded from the Softbank Vision Fund. Link


📚 COSS Content

  • Chip Burgers: "I love that Gitlab build their product openly, issue queues are public with occasional 'We have a 500-seat customer that wants this, see CRM ' messages. Pretty cool for working open if you ask me." Link

  • Solomon Hykes (co-founder of Docker, working on dagger.io): "Here is an important lesson I learned the hard way. Your open-source project has a COMMUNITY, and it is part of an ECOSYSTEM. Both are important, but they are not the same. Confuse them at your own peril." Link

  • Matt Aslett (research director at @451Research) shares impact and growth expectations of open-source data platforms — increasing at a CAGR of 15.9% through 2025. Link

  • Why The Next Billion-Dollar Enterprise Software Companies Will Be Born Outside The US — Glenn Solomon (GGV Capital). Link

  • Podcast: Developing Leadership with Jason Warner and Eiso Kant. Episode 1: A Changing Engineering Landscape. Follow Jason (MD at Redpoint Ventures and former CTO of GitHub) and Eiso (Founder and CEO of Athenian) as they chat about the biggest lessons they've learned about Engineering Leadership throughout the years. Link

  • Read the inspiring story of Didier Lopes, creator of Gamestonk Terminal, in the latest Deepsource Spotlight. Link

  • JJ: "In the same way that every human will want to become a founder, every open source project will want to capture value instead of only creating it. I do not yet know what the implications of this are/will be just yet, but it is an increasingly true observation." Link

  • Open Source in Business highlight video: "Open Source Culture", with James Vasile, Alison Gianotto, and Matt Klein. Link

  • JJ: "As a talented software engineer evaluating your MANY options, always remember: It is fundamentally less risky to join a COSS startup given the core technology is loosely coupled to the company, making your code and development contributions outlast the life of that company." Link

  • Podcast: Software Engineering Daily, "Move Fast with Jeff Meyerson." Link

  • Join Mitchell Hashimoto, live on Dev Tool Time, as he talks about his tools and dev workflow on Wednesday, July 21st at 2PM ET. Streaming on Twitch and Youtube Live, and open to Q&A! Link

  • Quinn Slack (founder/CEO of Sourcegraph): "At

    @sourcegraph, we have uneven odds for promotions: Remote team members get 100% of the promotions. In-office team members get 0%. (We don't have any in-office team members because we are all-remote.)" Link

  • Feross (founder of socket.dev and wormhole.app): "'For sending gigantic files, Wormhole can't be beat.' — Fast Company". Link

  • JJ: "It's truly incredible to witness the pace of innovation and shipping happening here," highlighting Calendoso, the open-source Calendly alternative. Link

  • *The unreasonable effectiveness of just showing up everyday — * Kishore Nallan (founder of Typesense). Link

  • JJ: "Open source is an asset AND a liability. Embrace wisely." Link

  • Mitchell Hashimoto: "Why isn't GitHub (.com) an OIDC provider? Honest question. This would be a really great feature to add to help SSO as a concept jump down from enterprise-only into more of the mainstream." Link

  • NLP needs to be open. 500+ researchers are trying to make it happen. (VentureBeat)Link

  • Podcast: What's the difference between: 1) a community of practice 2) a community of users 3) a community of builders ? Join Guy Podjarny (Founder and President of Snyk), on Founder Real Talk with GGV Capital. Link

  • Ben Halpern (founder of Forem, dev.to): "No Justin Bieber fan can hold a candle to Linux fans." Link

  • Clement Delangue (HuggingFace): "Open-source & open science teaches you the power of COLLABORATING rather than COMPETING & how it's more impactful for organizations, users & the field as a whole. That's what we've been doing and will keep doing with our fantastic friends at @spacy_io! Link

  • Demis Hassabis (Founder and CEO DeepMind): "Last year we presented #AlphaFold v2 which predicts 3D structures of proteins down to atomic accuracy. Today we're proud to share the methods in @Nature w /open source code. Excited to see the research this enables. More very soon!" Link

  • Podcast: OSS product positioning w/ expert consultant Emily Omier, on the OSS Startup Podcast. Link

  • Martin Casado (Partner at a16z): "My favorite CH discussion yet is live. It was fantastic chatting with @armon @smullaney and @davidmcj on all things category creation." Link

  • Paul Ramsey (CrunchyData) shares thoughts and criticism of perspective of AWS as a partner to open source companies like MongoDB. Link

  • Datahub Project Updates, June 2021 Edition. Link

  • JJ responds to Balaijs' proposal for a new open-source funding model, described as: "Be open source dev. Issue a token. Hold X% of it. Has 0 value initially. Award (100-X)% of it over time to folks who contribute code. Companies then buy token to prioritize bugs & features. Suddenly, an economy arises!" Link


💸 COSS Liquidity (M&A + IPOs)

  • Aqua Security, a security provider for containers and cloud-native applications, acquires tfsec, a static analysis security scanner for Terraform code. Link

  • Q3 IPO cycle starts strong, as Couchbase sets initial price range for IPO, and Kaltura relists offering with new price range. Link

  • JJ: Big congrats to @couchbase ($1B) and @Kaltura ($1.4B) IPO pricing and public market debuts on the near-horizon! With CFLT (@confluentinc) this brings the $COSS IPO line-up to 15 companies within 2021 and we have > 5 months to go! Link\

  • Treasure Data, an enterprise CDP to unite offline, online, and IOT device data, is now part of SoftBank Vision Fund 2's portfolio. Link

  • Jordan Novet: "Rancher Labs is doing $50M in ARR, up 91%, a year after SUSE bought it." Link


📊 $COSS - Public Markets

  • $COSS markets down 4.46% last week

  • Latest $COSS markets snapshot below as of close today courtesy of Koyfin.

Koyfin Market Data

Corrections to Koyfin data:

  • MDB market cap listed at $21.49B (Google)
  • CLDR market cap listed at $4.62B (Google)

Discussion (0)