Here's the seventieth 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 last week saw $23.6M in funding announcements from the National Science Foundation and Quickwit, the unveiling of Open Core Ventures from Sid Sijbrandij, and thousands of COSS job openings. It's been a very quiet week (smallest in many months) on funding announcements, as public markets continue to be hammered by the ongoing Russia/Ukraine war and broader macro uncertainties.
Greg Langdon: ".@NSF announces $21M to support open-source development: https://t.co/ip1W9I8Dhg "If you are working on an open source project that might benefit from this kind of funding, check it out [here]. Phase I applications are due 5/12/22, and Phase II applications are due 10/21/22." Link
Joseph Jacks (JJ) 🇺🇦: "HUGE congrats to @gitlab co-founder @sytses on unveiling Open Core Ventures today on @20vcFund. COSS startup incubation is a very exciting and promising model, and I'm thrilled to see this succeed! 🔥🚀✨ open.spotify.com/episode/7pr... " Link
shawn swyx wang: "🆕 Essay: The $100b Bull Case for Temporal https://t.co/AQ8unJSGyH Why @temporalio is worth $1.5b now, why it will be worth $10b, and how it could be worth $100b. https://t.co/WzvmTYbEEn" Link
Joseph Jacks (JJ) 🇺🇦: "PSA: You cannot copy-and-paste PLG SaaS heuristics into COSS companies. This is akin to forcing a square peg into a round hole." Link
Alyssa X: "I'm looking for opportunities 👋 As a 🦄 I've built 12+ products solo in 2 years (w/ over 100K users), designed for startups, nominated twice as Maker of The Year by @ProductHunt, made some of the top @GitHub repos, & more. 👉 https://t.co/vu1YmDgDf9 ✉️ firstname.lastname@example.org (or DMs) https://t.co/pwkZYHch9T" Link
sarahnovotny: "OH: In open source there are no countries." Link
cdixon.eth: "Search engines should open source their ranking algorithms." Link
Joseph Jacks (JJ) 🇺🇦: "In the future of digital technology capitalism, COSS / open core investing will be the only kind of investing. Fundamental capital efficiencies are just too strong..for everyone: Employees, founders, VCs, angels, customers, etc. Today, this is still a niche, but growing rapidly." Link
Joseph Jacks (JJ) 🇺🇦: "50+ year old Oracle misses EPS by five cents today and $15B~ of their stock gets wiped out. Business growing by ~5%/yr.. Meanwhile, more than $40B of open source database company value has been created over the last decade alone. Unequivocally, the future of databases is COSS." Link
Jamin Ball: "Hashicorp quarter. Nice acceleration - $97M rev (+56% YoY) vs $86M consensus (12% beat) - $94M next Q guidance vs $94M consensus (5% raise) - Last Q grew 49% - Cloud rev 7% of total rev - 131% net retention - 16 months GM adj. CAC payback - 72% GM - (9%) FCF Margin $HCP" Link
Umbrel ☂️: "Come, build Umbrel with us to power the personal server revolution. We're looking for devs, designers, community manager, support exec, shitposter (yes you get my job, you're welcome), and more. Only requirement: you love what you do. Open roles & FAQ: umbrel.notion.site/work-umbr..." Link
$COSS markets down 4.21% last week
Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.