Here's the forty-fourth 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 $256.2M in funding for Grafana Labs, Discourse, bodo.ai, and Fig, plus two acquisitions from Elastic and an upcoming IPO from ForgeRock!
JJ: "Based on three mathematical variables (age, growth rate + total current volume time series), there is a > 95% statistical probability that @ParallelNFT ranks in top 5 all-time top-performing assets on @opensea (or anywhere, for that matter) before end September 2021 = > 80K ETH." Link
@tecmint: "#Linux turns 30 today. Happy birthday Linux here is your f-ing cake, go ahead and compile it yourself..." Link
JJ: "PREDICTION: By 2025, more than 5 COSS database companies valued at greater than $35 Billion each will exist. CANDIDATES: @Redisinc @CockroachDB @InfluxDB @couchbase @MongoDB @neo4j @DataStax." Link
Prime Venture Partners: "New podcast episode! @Viral_B_Shah Co-founder & CEO @JuliaComputing talks about Open Source Business Model, How@JuliaLanguage gives Superpowers to Programmers & the Future of Software Engineering @shripati Acharya #startups #AI #ML." Link
Matt Asay: "For the past few years, I've been fortunate to work at AWS. Today, however, is my last day there. Very bittersweet for me. Amazon is a demanding, great place, filled with talented, driven people. I will deeply miss both the company and its people." Link
Jeff Amico: "Over the last year @a16z has delegated the majority of our governance rights in protocols like @Uniswap @Compoundfinance to a network of nonprofits, startups, university orgs & more. Today were excited to share the details of this program & open source all of its component parts." Link
Benedict Evans: "So many parallels between crypto and open source." Link
Elastic acquires build.security (provider of security policy management solutions). Link
Elastic acquires security vendor CMD. Link
Jamin Ball: "Elastic never gets the premium valuation, but always impresses - $193M rev (+50% YoY) vs $172M consensus (12% beat) - $194M next Q guidance vs $189M consensus (3% raise) - ~130% net retention - 26 months GM adj. CAC payback - 74% GM - 6% FCF Margin". Link
$COSS markets up 7.96% last week
Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.
This issue of COSS Weekly is brought to you by **Mayfield Fund**