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COSS Weekly #89

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

Last week saw $27.5M in funding announcements from Zededa, DGraph, and Umami, project updates from Hoppscotch, OpenBB, and, and an AMA this Wednesday, July 27th, with COSS leader Heather Meeker on!


πŸ’° COSS Funding: $33.5M

  • Zededa, building edge orchestration and virtualization software, announced their $26M Series B led by Coast Range Capital. Link
  • DGraph, the Graph QL database platform, announced their $6M Seed led by Venrock. Link
  • Umami, a privacy-focused alternative to Google Analytics, announced their $1.5M Pre-Seed. Link

πŸ“š COSS Content

  • Hoppscotch: "We just crossed 45K+ ✨ on @GitHub, making Hoppscotch one out of only 170 projects, out of 5.7M repos with >1 star, or 0.002% of all projects πŸ‘€... 🀯 πŸ‘½" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Plotting this data, I just realized that open source follows an extremely sharp Pareto (aka power law) distribution: 99% of the most successful open source tech is concentrated in the top 1% of projects! Wow." Link

  • Liyas Thomas: "Only 170 repositories have reached over 45,000+ stars in @github's 14 years history. Today @hoppscotch_io is one of them." Link

  • Open Source Startup PodcastπŸŽ™: "⚑️E43 of the Open Source Startup Podcast⚑️ This convo is between co-hosts @amanda_robs // @tnachen & @supabase CEO @kiwicoppleπŸ’ͺ Supabase is the open source alternative to @Firebase & positioning as an open source alternative is a major theme in this epπŸ‘‡" Link

  • COSS Community 🌏: "πŸ‘€" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "✨ We're thrilled to welcome the awesome Brittany Cadwalader (formerly of @SVB_Financial and @Deloitte) to the team @OSSCapital as our founding VP of Finance & Compliance! ✨ Please join me in congratulating Brittany --- very exciting times all around. πŸ‘πŸΌ" Link

  • PyQuant News: "A Bloomberg Terminal costs $24,000 per year. It's the portal to all the world's financial data. Unaffordable for 99% of us. Reserved for the Wall Street elite to outfox the normal investor. Until now:" Link

  • Manish R Jain | mrjn.eth: "Open Source funding model -- giving it away for free, does not allow its creators to fund the effort and is inherently unsustainable and broken. I'm excited to launch Sustainable License, a very liberal commercial license balancing freedom with funding." Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "When open source innovation enters + succeeds in any established proprietary market, it fundamentally changes the consumption paradigm --- similar to how the TAM and market dynamics were vastly underestimated by Uber in its inception when evaluating the then-static taxi industry." Link

  • Heather Meeker: "Microsoft reverses ban on open source software sales" Link

  • Peer Richelsen πŸ—“πŸŠ: "excited to welcome @ShirazDole as our first account executive πŸ‘ time to fight through that pilled up pipeline πŸ”₯πŸ”₯" Link

  • OpenBB πŸ¦‹: "Breaking 1000 followers on Twitter βœ… Breaking 100 contributors on GitHub βœ… Breaking 13k stars on GitHub βœ… Associate Partnership with London Stadium βœ… And day is not over yet.... Our spider senses are tingling... πŸ‘€" Link

  • Open Source Startup PodcastπŸŽ™: "⚑️New Open Source Startup Podcast⚑️ @amanda_robs & @tnachen talk with @omrig, Co-Founder of @aserto_com πŸ‘‰ the open source Auth-as-a-Service platform based on @OpenPolicyAgent Check it out πŸ‘‡" Link

  • Hoppscotch: "Join us for IndiaFOSS 2.0 with a live talk of @andrewissocial! πŸ‘©πŸ»β€πŸ’»πŸ‘¨πŸ»β€πŸ’»πŸ‘‹ Agenda: πŸ‘‰ Inception of Hoppscotch πŸ‘‰ Our philosophies & guiding principles πŸ‘‰ Collaborative API development πŸ‘‰ 2023 roadmap Sun, 24 Jul, 15:30 -15:45 GMT+5:30 @FOSSUnited" Link

  • MΓ₯rten Mickos: "The world's first open-source war. The defenders are empowered, distributed, open and agile. The aggressor is authoritarian, centralized, closed and rigid." Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: ".@OSSCapital GP @HeatherMeeker4 will be doing an AMA on July 27th next week, mark your calendars πŸ—“ ✨ Heather is the worlds foremost COSS startup attorney & open source licensing expert. This is a unique opportunity to exchange with an incredible human!" Link

πŸ’Έ COSS Liquidity (M&A + IPOs)

No COSS Liquidity announcements this week.

πŸ› οΈ COSS Jobs

  • 8,347 jobs and 235 companies hiring! Link

πŸ“Š $COSS - Public Markets

  • $COSS markets up 7.33% last week

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

Koyfin market data

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