Here's the seventy-sixth 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.
Last week saw the announcement of Elon Musk buying Twitter (with plans to open source the algorithms) and $200M in AUM for OSS Capital. Also $22M in funding announcements from Enso and Nuclia, and exciting updates from COSS projects.
Enjoy!
💰 COSS Funding: $222M
Joseph Jacks (JJ) 🇺🇦: "Announcing @OSSCapital's $200M funds for an open future. Open source is eating software faster than software is eating the world. Our mission is to accelerate this trend. We finally unveil great detail on our firm, investments, performance + more" Link
Enso, makers of a self-serve data analytics and visualization platform, announced their $16.5M led by SignalFire. Link
Nuclia, a low-code API for multi-language semantic search, announced their €5M Seed led by Crane. Link
📚 COSS Content
Joseph Jacks (JJ) 🇺🇦: "✨ Fun new observation 3 years into building @OSSCapital : We hold the most concentrated lead seed portfolio (of any VC) in the fastest growing COSS startups globally... --- 450,000+ @github stars --- 20M+ reached developers --- 5,000+ contributors --- 15+ projects in the top 0.0001%" Link
Joseph Jacks (JJ) 🇺🇦: "There is currently roughly the same number of publicly traded Bitcoin-mining-focused companies (20~) as there are publicly traded COSS companies (also 20~)." Link
Peer Richelsen 🗓🍊: "what if donations were optionally baked into cloning? https://t.co/vgxiC50T4m" Link
anhtho 🍊: "@Posthog is giving an #opensource alternative to @Amplitudehq for free and yet look at this MRR graph! Why? What made them win? Co-founder @james406 wrote about their 'counterintuitive learnings', sharing my notes ⬇ #usagebasedpricing #productledgrowth https://t.co/ABipBKWI8L" Link
Equinix Metal: "On April 27 you can catch @monadic, CEO of @weaveworks, discussing the connection between open source projects and business models at The Business of Open Source. More details 👉🏼 https://t.co/6zp3EhfuVE #CEO #opensource #business #tech #YouTube #speaker #connection https://t.co/62rHaPhR4f" Link
Joseph Jacks (JJ) 🇺🇦: "New open source database from @yandexcom, creators of @ClickHouseDB --- the VC exuberance will be intense with this one. 🔥 https://t.co/BJ5hrcMJPi" Link
Sid Sijbrandij: "We added an 11th stewardship promise https://t.co/mVe0lAqvBe to GitLab: "We will always make it clear what is proprietary and what is open source code. This will be implemented with a separate directory for EE code and a Git repo downstream that is open source only."" Link
Open Source Startup Podcast🎙: "Our second ever Open Source Startup Podcast YouTube video is up 🤯 Check out our convo with @narayanarjun of data app platform builder @MaterializeInc⚡️ https://t.co/x8BKHy7MBq" Link
Runa Capital: "We've just released a new issue of the ROSS Index, which tracks the fastest-growing open-source startups worldwide. Go check out the Q1 2022 list on our website: https://t.co/HThPbZs4Hk" Link
Joseph Jacks (JJ) 🇺🇦: "💥 Publishing full dataset soon, but here are the most active COSS startup (stage agnostic) VC investors over the last 36 months, by # of new investments: 🌏 💸 > 30: @OSSCapital > 20: @InsightPartners > 15: @A16z, Coatue, @Sequoia > 10: Tiger, @GVteam, @Accel, @Redpoint" Link
Cassidy: "Open source companies often hire super heavily from contributors to their codebase! If you're in an underrepresented group, it's a particularly great way to get your applications noticed. Check out if they have any "good first issue" labels on their repo, most big ones do!" Link
Peer Richelsen 🗓🍊: "It's heartwarming to get this email from @smaffulli from @OpenSourceOrg it's great to have you as a customer 🤝 Get in touch with OSI: https://t.co/AzJ7xpJSmb https://t.co/GewbHBm5id" Link
Peer Richelsen 🗓🍊: "for a lot of industries, i think in a couple of years we look at non-open source the way we look at smoking today like how could we" Link
GitHub: "📈 Trending right now: https://t.co/1yfFQw1mEB - scheduling infrastructure for absolutely everyone: https://t.co/u13qF4LGPS. Connect your calendar(s), set your availability, and schedule meetings without the chaos 📅 https://t.co/fNYKx7DCkJ" Link
Glenn Solomon: "I learned so much during this amazing conversation with @rauchg Founder & CEO of @vercel , on Using Open-Source to Make The Web Faster https://t.co/6qxwnf2J0k" Link
Joseph Jacks (JJ) 🇺🇦: ""We are an open source company launching our open source in Q4 next year"... No, you are not an open source company." Link
Joseph Jacks (JJ) 🇺🇦: "As compared to closed core companies, open core companies are a fundamentally superior evolutionary design in the same way that multicellular organisms are over single-cell organisms." Link
Joseph Jacks (JJ) 🇺🇦: "Didier is incredibly mission driven about @openbb_finance --- inspiring to see ❤️ https://t.co/2WiSmATkZ4" Link
Vikram Rajagopalan 🌖 🔺: "Excited to host my first Twitter Space with my good friend @peer_rich discussing the @calcom Series A 🤯 and the OSS business model on Wednesday! https://t.co/F0DhvIeF21" Link
Joseph Jacks (JJ) 🇺🇦: "What should be open source? Answer: Everything, eventually. So, the question is, when? This second more important and nuanced question is answered with precision here: https://t.co/lqxkNBotJK // @BrucePerens" Link
Kent C. Dodds 💿: "I had a dream last night that I was on a walk with @elonmusk and we decided that people would use @remix_run to build apps for @Tesla cars. Then I woke up and thought that we could totally do that. Remix would actually be really well suited for that use case! 🚗💿" Link
Wolfire Games: "🎉 OVERGROWTH IS NOW OPEN SOURCE! 🎉 As of today, Overgrowth is now an open source game, and in this video @autious explains exactly what that means. Watch the full video here - https://t.co/O2bvR3Sgv8 #IndieGameDev #Overgrowth https://t.co/EMGKr1mJxf" Link
Open Source Startup Podcast🎙: "🥳Releasing our 30th Open Source Startup Podcast🥳 && it's not one you want to miss 😉 Our guest is @acoustik, Co-Founder & CEO of open-source time-series database company @TimescaleDB Link to listen 👇 https://t.co/AF2YyMe8tc" Link
VentureBeat: "A look at @Spotify's recent open source efforts, including a new open source program office and fund for independent project maintainers. https://t.co/tNeQdbJ187" Link
Wasmer: "🔥 Introducing Markdown Playgrounds -- Powered by #WebAssembly. Now you can run code snippets in #Python, #Ruby and many more languages easily online! https://t.co/nNGiox7olK https://t.co/rxnkbFFpA6" Link
OpenBB 🦋: "Being an open-source company, we love this. So much that we just added it to our alternative/oss menu. Check it out now! https://t.co/ZuyI3Acp2Q https://t.co/rJJihmFLg5 https://t.co/TTmtfOEULM" Link
💸 COSS Liquidity (M&A + IPOs)
Elon Musk buys Twitter, plans to open source the algorithms. Link
TechCrunch: "Rethinking Databricks' valuation amid a changing market https://t.co/8eITHC469X by @alex" Link
Joseph Jacks (JJ) 🇺🇦: "Big congrats to my friend Mark Shuttleworth, creator of Ubuntu and founder of @Canonical on this big upcoming milestone ... 🚀 https://t.co/2K089BYWzc" Link
🛠️ COSS Jobs
- 11K open-source jobs + 200 COSS companies hiring. Link
📊 $COSS - Public Markets
$COSS markets down 8.18% last week
Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.
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