Here's the fifty-ninth 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, Jobs, Liquidity and $COSS (Public Markets).
This huge week saw $491M in COSS funding announcements from CloudBees, Anyscale, Replit, Buf, GitGuardian, Inrupt, TruffleSecurity, and Chainguard, and the long-awaited $1.2B IPO for HashiCorp! 🎉 🎉 🎉
Parallel: "Introducing 𝗜𝗻𝗯𝟬𝘅: end-to-end encrypted communication between wallets, secured by your Ethereum address. A service for anyone to send and receive messages to any wallet, using their ENS or 0x address." Link
MergeStat: "We now have a public API, run MergeStat queries in our hosted environment, curl is all you need" Link
Aaron Boodman: "DAOs, like Smart Contracts, are misnamed. They are neither decentralized (typically) nor entirely autonomous. It's super frustrating to watch the Twitterverse arguing back and forth based on this misunderstanding so ima just spell it out here (Thread continues)" Link
AppleInsider: "Apple has launched a new website focused on its open-source projects and collaborations -- including #Swift and #WebKit -- and says it plans to release its projects on GitHub. https://appleinsider.com/articles/21/12 " Link
Chatwoot: "Hey folks, today we have 3 major announcements. 1. 2.0 version 2.0 version ships with an updated dashboard that is completely redesigned for a better user experience." Link
nuclei: "Scanning Log4j RCE - CVE-2021-44228 using Nuclei Template shared by @_melbadry9 @daffainfo @DhiyaneshDK Template - https://github.com/projectdiscovery/nuclei-templates/blob/master/cves/2021/CVE-2021-44228.yaml Reference - https://github.com/advisories/GHSA-jfh8-c2jp-5v3q #hackwithautomation #bugbounty #pentest #security " Link
Aaron Boodman: "Awhile back I took a swing at the open source funding problem: https://github.com/tythe-protocol/tythe I talked to a lot of companies and it seemed like something they'd be on board with. Doesn't require maintainers to start writing contracts or knocking on doors." Link
Dan Lorenc: "Funding OSS is a hot topic today! I got to spend a lot of time over the last two years working on paying OSS maintainers at @Google. We spent a few million dollars and funded some relatively high profile work, in addition to a lot of smaller projects. A thread on problems I saw." Link
DavidKPiano: "Here's a controversial one: Investors (angel, institutional, etc.) will be the unlikely heroes of solving the 'funding open source' problem." Link
Boldstart Ventures: "'Investing In Open-Source Projects:Here's What VCs Are Looking For' https://buff.ly/31P70tm @shomikghosh21 spoke to @crunchbase 'One of the most attractive characteristics of OSS from an investment perspective is obvious:The enormous TAM of tens of millions of devs on the planet'" Link
HashiCorp IPO Reactions!
HashiCorp: "Today's milestone was only achievable through the support of our community, customers, partners, investors, and employees. Our founders, @mitchellh and @armon, share a message of thanks to everyone involved in HashiCorp's journey: https://hashi.co/3y9fxDn" Link
Kelsey Hightower: "From HCL to HCP." Link
@HashiCorp go public tomorrow on NASDAQ, trading under the symbol, $HCP. The company aims to raise over $1B offering 15M shares priced between $68-72. #100DaysOfCode #Python Get our #free finance terminal today on @github: https://bit.ly/3r0LiwU" Link
MongoDB: "MongoDB, Inc. announces third quarter 2021 financial results: → Total revenue of $227 million, up 50% YoY → Over 31,000 customers → Atlas revenue up 84% YoY" Link
Jared Palmer: "I'm excited to share that @Turborepo is joining @Vercel! I'm leading a brand new build performance team while also working on the new http://turborepo.org open source project. The mission stays the same: make ship happen." Link
- Senior Backend Engineer, Head of Decentralization, Content Writer (Cal.com) Link
$COSS markets down 0.70% last week
The average value of all public COSS companies is now $10B, and the overall public index is approaching $200B!
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