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COSS Weekly #91

Here's the ninety-first 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 ๐Ÿ˜‹ news from the previous week in COSS across: Funding, Content, Jobs, Liquidity and $COSS (Public Markets).

Last week saw $7M in funding announcements from ChiselStrike, news that Databricks has crossed a $1B run rate, $COSS markets up nearly 9%, Product Hunt launches for OpenBB and Boxy, and more!


๐Ÿ’ฐ COSS Funding: $7M

  • ChiselStrike, a backend development platform, announced their $7M Seed led by Norwest Venture Partners. Link

๐Ÿ“š COSS Content

  • OSS Insight: "๐Ÿ“ˆ In nearly 7 weeks, #GitHub events increased from 4.7 billion to 4.85 billion. ๐Ÿ’ฅ In 2011, it took 2 years to generate so many events.๐Ÿ˜ฒ What's the secret behind the exponential growth? Let #OSSInsight tell you ๐Ÿ‘‰ยย"ย Link

  • swyx ๐ŸŒด: "๐ŸŽง New Mixtape: Ep. 393 [Biz] The Business Models of Open Source - Adam Jacobs Show notes inline!ย"ย Link

  • Joseph Jacks (JJ) ๐Ÿ‡บ๐Ÿ‡ฆ: "Very, very excited to hit publish on this soon... ๐Ÿ‘€๐Ÿ‘€๐Ÿ‘€๐Ÿ‘€๐Ÿ‘€๐Ÿ‘€๐Ÿ‘€๐Ÿ‘€ย"ย Link

  • OpenBB ๐Ÿฆ‹: "๐Ÿ† #1 Product of the Day on Product Hunt is none other than #OpenBB๐Ÿ†๐Ÿ”ฅ No resting time! Upvote, comment, review and share. Let's take it to the moon ๐Ÿš€ยย"ย Link

  • Dagster: "As we prepare to release our first commercially hosted solution for Dagster,ย @schrocknย shares the Elementl philosophy on how open source and a hosted solution are symbiotic and discusses our ongoing commitment to the open source project.ย"ย Link

  • Merico: "We are so excited to invite everyone to a conversation with Max Howell (@mxcl), Creator ofย @MacHomebrewย &ย @teaxyz_, and a giant in the open-source community! Link to RSVPยย Be there this Thursday August 4th 7am PST / 10am EST"ย Link

  • swyx ๐ŸŒด: "๐ŸŽง New Mixtape: Ep. 395 [Biz] How do you make a successful open source app? - Peer Richelsen Show notes inline!ย"ย Link

  • BoxyHQ: "The Product Hunt Day has finally arrived for us! Please see the key product we are launching and share your love to the world with an upvote ๐Ÿ™‚๐Ÿ‘‡ยย"ย Link

  • Joseph Jacks (JJ) ๐Ÿ‡บ๐Ÿ‡ฆ: "Disrupting undifferentiated intermediaries is where many great market opportunities will surface. Over the last 20 years, $10 Trillion + in proprietary software (SaaS, consumer internet, etc) value has been captured by founders cobbling together open source they did not create..."ย Link

  • Open Source Startup Podcast๐ŸŽ™: "โšก๏ธMAJORโšก๏ธ Open Source Startup Podcast Release Ft.ย @mfateevย &ย @DominikTornowย of resilient app builderย @temporalioย ๐Ÿ’ช We cover use cases, how their positioning has evolved, GA of their cloud service, and their upcoming DevEx conference Replay (link ๐Ÿ‘‡)ย"ย Link

  • Dagster: "Introducing Dagster 1.0! ๐ŸŽ‰ After 463 releases and with over 200 contributors, we are proud to release Dagster 1.0. Data teams who want to access what's unique about Dagster now have a stable foundation to build on. Check it out!ย"ย Link

๐Ÿ’ธย COSS Liquidity (M&A + IPOs)

  • COSS Community ๐ŸŒ: "$QTCOM /ย @qtprojectย (COSS embedded GUI dev framework) hit by -24% selloff today after management downward adjusts 2H 22 outlook ๐Ÿ˜ตโ€๐Ÿ’ซ๐Ÿ“‰:"ย [Link](

  • Jamin Ball: "Confluent quarter: - $139M rev (+58% YoY) vs $132M consensus (6% beat) - $144M next Q guidance vs $142M consensus (1% raise) - $47M Confluent Cloud rev (+139%) - >130% net retention - 38 months GM adj. CAC payback - 64% GM - (26%) FCF Margin $CFLT"ย Link

  • TechCrunch: "Squaring Databricks' 2021 valuation as it crosses a $1B annual run rateยย byย @alex"ย Link

๐Ÿ› ๏ธ COSS Jobs

  • 7,771 jobs and 237 companies hiring! Link

๐Ÿ“Š $COSS - Public Markets

$COSS markets up 8.93% last week

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

Koyfin market data

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