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COSS Weekly #76

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!


πŸ’° COSS Funding: $222M

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "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


πŸ“š COSS Content

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "✨ 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) πŸ‡ΊπŸ‡¦: "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 πŸ—“πŸŠ: "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 πŸ‘‰πŸΌ https://t.co/6zp3EhfuVE #CEO #opensource #business #tech #YouTube #speaker #connection https://t.co/62rHaPhR4f" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "New open source database from ⁦@yandexcom⁩, creators of ⁦⁦@ClickHouseDB⁩ --- the VC exuberance will be intense with this one. πŸ”₯ 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 PodcastπŸŽ™: "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) πŸ‡ΊπŸ‡¦: "πŸ’₯ 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: 🌏 πŸ’Έ > 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 πŸ—“πŸŠ: "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 πŸ—“πŸŠ: "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: "πŸ“ˆ 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 πŸ“… 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 FasterοΏΌ https://t.co/6qxwnf2J0k" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: ""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) πŸ‡ΊπŸ‡¦: "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) πŸ‡ΊπŸ‡¦: "Didier is incredibly mission driven about @openbb_finance --- inspiring to see ❀️ https://t.co/2WiSmATkZ4" Link

  • Vikram Rajagopalan πŸŒ– πŸ”Ί: "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) πŸ‡ΊπŸ‡¦: "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 πŸ’Ώ: "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! πŸš—πŸ’Ώ" Link

  • Wolfire Games: "πŸŽ‰ OVERGROWTH IS NOW OPEN SOURCE! πŸŽ‰ 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 PodcastπŸŽ™: "πŸ₯³Releasing our 30th Open Source Startup PodcastπŸ₯³ && it's not one you want to miss πŸ˜‰ Our guest is @acoustik, Co-Founder & CEO of open-source time-series database company @TimescaleDB Link to listen πŸ‘‡ 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: "πŸ”₯ 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 πŸ¦‹: "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


πŸ’Έ 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) πŸ‡ΊπŸ‡¦: "Big congrats to my friend Mark Shuttleworth, creator of Ubuntu and founder of @Canonical on this big upcoming milestone ... πŸš€ https://t.co/2K089BYWzc" Link


πŸ› οΈ COSS Jobs

  • 11K open-source jobs + 200 COSS companies hiring. Link

πŸ“Š $COSS - Public Markets

  • $COSS markets down 8.18% last week

  • Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.

Koyfin market data

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