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COSS Weekly #85

Here's the eighty-fifth 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 πŸ˜‹ news from the previous week in COSS across: Funding, Content, Jobs, Liquidity and $COSS (Public Markets).

Last week saw $114M in funding announcements from Appsmith, Strapi, Deno, CloudQuery, and Fermyon, an acquisition for OpenBB, and COSS discussions across the space.


πŸ’° COSS Funding: $114M

  • Appsmith, helping teams build and ship internal tools, announced their $41M Series B led by Insight Partners. Link
  • Strapi, building a leading Headless CMS, announced their $31M Series B led by CRV. Link
  • Deno, creating the Deno runtime, announced their $21M Series A led by Sequoia Capital. Link
  • CloudQuery, a cloud asset inventory powered by SQL, announced their $15M Series A led by Tiger Global. Link
  • Fermyon, reinventing how programmers develop microservices, announced their $6M Seed led by Amplify Partners. Link

πŸ“š COSS Content

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Love, Code, and Robots: "95K~ non-human bot accounts generated 603M events, representing 12.82% of all public activity on GitHub." --- ⁦@OSSInsight⁩ πŸ€– ❀️ πŸ€“" Link

  • Tauri: "Kind of neat how the week that Internet Explorer and Atom Shell both got retired, we published Tauri 1.0 Seems like perfect timing" Link

  • Harry Stebbings: "Very excited to have @photomatt on 20VC tomorrow. Will be a very special one but Twitter, want your thoughts. What are the must ask questions for Matt? What stories do you want to hear told? Twitter, work your magic... πŸ˜‰" Link

  • Wasmer: "⚑️ WebAssembly On Amazon Lambda: Lessons Learned" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: ".@CaretakerBob: The Software Industry and the Open Source Movement ❀️" Link

  • didierlopes πŸ¦‹: "Just added a Finance collection (and @openbb_finance) to @OSSInsight !" Link

  • Li Shen: "" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "⚑ NEWS: We are super excited to welcome @Boulder_ScottW to @OSSCapital as our latest portfolio partner for product! Scott honors us with immense experience leading product at GitLab through their IPO and SendGrid from their early days through their $3B sale to Twilio. πŸ”₯" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Very wise to make this free for popular open source projects. Now open source copilot itself! (models, parameters, weights, logic, everything)" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "EVERY major OSS project should run its own regular conference: --- Celebrate new + key contributors to create inclusive, geo-specific connections & content --- Showcase major users to evenly distribute learnings + accelerate maturity --- Cohesion-point for vendors & investors" Link

  • Phil Eaton: "I've been hacking on DataStation for a year now so time for a retro and what's next! 4k+ stars in 15 repos. 7 posts on the front of HN. Dozens of failed investor chats (including YC). tldr; DataStation has a bright future & I'm on the job market. :)" Link

  • OSS Insight: "Monthly Growth Ranking of Open Source Low-Code Tools (2022-05) 1. @theappsmith 2. @supabase 3. @appwrite 4. @appflowy 5. NocoBase 6. @nocodb 7. @directus 8. @strapijs 9. @ToolJet 10. @n8n_io #webdev #OpenSource #nocode" Link

  • OSS Insight: "@theappsmith @supabase @appwrite @appflowy @nocodb @directus @strapijs @ToolJet @n8n_io Historical Trends of Popular Open Source Low Code Development tools @ToolJet ↑ @supabase ↑ @nocodb ↑ @appflowy ↑ @appwrite ↑ @theappsmith ↑ @budibase ↑ #webdev #OpenSource #nocode" Link

  • Sam Altman: "little openai update: gpt-3, github copilot, and dall-e each have more than 1 million signups! took gpt-3 ~24 months to get there, copilot i think around 6 months, and dall-e only 2.5 months." Link

  • Open Source Startup PodcastπŸŽ™: "⚑️New Open Source Startup Podcast⚑️ Fresh off their Series B announcement, @tnachen & @amanda_robs talk with @theappsmith founder @arey_abhishek about building internal tools with their open source platform πŸ›  Check it out πŸ‘‡" Link

  • Hemant Mohapatra: "I've now seen 100s of devtools pitches. A common error founders make at seed/+ is to focus too much on $rev but not on dev usage/time spent - a keystone for value. Devtools is HIGHLY monetizable, but most end up as tuck-in acquisitions. Focus on big vision + usage, $$s will come!" Link

  • David Mytton: "Should everything be open source? Fun discussion with @josephjacks_ on the @consoledotdev podcast πŸ“– Why everything should be open source πŸ‘₯ Open source community building πŸ’Έ Deciding when to invest in open source" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Red Hat co-founder/CEO Bob Young on predicting the "next big thing" in 2007, before the iPhone, crypto and SaaS took over the technology industry. Incredible:" Link

  • Marko Saric: "I just published an overview of how we built a $1M ARR open source SaaS. I've listed all the significant steps and milestones along the way, starting from when the first line of code was written." Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Coatue now recommending 3-4 years runway for all startups into a major recession, which is increasingly becoming consensus. COSS startups will be best positioned to thrive in an environment where capital efficiency is king, but many will still have to cut burn by 50-70%." Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "While this is true, that's simply how open source works. Decentralized value capture is one of the fundamental tenants of open source. It is a good thing. What should happen much more often than it does: FOSS creators should also become COSS startup founders." Link

  • Petar Maymounkov: "Just in! My talk on "Plural Markets and the Creative Uncertainty of Open Source" at Funding The Commons #FTC2022 which imagines plural mechanisms, popularized by @glenweyl and @RadxChange, applied to supporting open source projects" Link

  • Nicholas C. Zakas: "I've been thinking a lot about open source sustainability lately. With ESLint, we've been fortunate to have some companies sponsor the project. But not all projects are that lucky." Link

  • Nicholas C. Zakas: "And here it is! Sponsoring dependencies: The next step in open source sustainability It's time for well-funded open source projects to step up and support their dependencies financially. @webpack @babeljs @vuejs @nodejs" Link

πŸ’Έ COSS Liquidity (M&A + IPOs)

  • OpenBB πŸ¦‹: "OptionsFamBot joins forces with OpenBB!! πŸ€– One step closer to democratize access to financial information." Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Coatue now recommending 3-4 years runway for all startups into a major recession, which is increasingly becoming consensus. COSS startups will be best positioned to thrive in an environment where capital efficiency is king, but many will still have to cut burn by 50-70%." Link

πŸ› οΈ COSS Jobs

  • 8,874 jobs and 231 companies hiring! Link

πŸ“Š $COSS - Public Markets

  • $COSS markets up 14.42% last week

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

Koyfin market data

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