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COSS Weekly #99

Here's the ninety-ninth issue of COSS Weekly, the global commercial open source (COSS) company category newsletter, brought to you every weekend by the team at OSS Capital, creators and stewards of COSS Community and Open Core Summit.

We deliver only the most fresh 😋 news from the previous week in COSS across: Funding, Content, Jobs, Liquidity and $COSS (Public Markets).

Last week saw $20M in funding for Pimcore and Penpot, an exchange between JJ and Stephen Wolfram, new releases for SingleLink and Hoppscotch, and discussions on the future of open-source AI models.

💰 COSS Funding: $20M

  • Pimcore, a data and experience management platform, announced their $12M Series B deal led by Nordwind Growth. Link
  • Penpot, a design and prototyping platform, announced their $8M Series A led by Decibel Partners. Link
  • Jim OShaughnessy: "1/🚨Announcing Some Professional News🚨 I'm delighted to announce that O'Shaughnessy Ventures LLC invested in @StabilityAI in August 2022 and that I have been elected Executive Chair of the board of directors." Link

📚 COSS Content

  • JJ 🇺🇦: "Open source @SlackHQ alternatives 🔥 🚀 @RocketChat @Mattermost @zulip @matrixdotorg @wire

  • JJ 🇺🇦: "COSS customers pay to be in control. SaaS customers pay to be controlled." Link

  • JJ 🇺🇦: "Working on an exciting partnership with @OSSInsight to enhance @OSSCapital's COSS funding database to include underlying FOSS metrics ✨ Soon, you'll be able to answer q's like: 'Which COSS startups in Frontend grew contribs from 10 to 100+ and raised > $2M in the last 18 mo?'" Link

  • JJ 🇺🇦: "

  • Open Source Startup Podcast🎙: "MAJOR Podcast Milestone 🎉🤯⚡️🍾

  • Nat Friedman: "One thing is for sure: more open source models are coming" Link

  • Redpoint: "On the new Founder Confidential @dagger_io's\
     @solomonstre shares how he built a successful startup from scratch. 'The only thing that matters is finding a problem that you solve for a specific group of people, better than anything else.' Full episode:

  • JJ 🇺🇦: "Honestly less piqued by the project itself than I am of this explicit expectation setting. We need MORE of this crystal clear intentionality in open source. It makes life more understandable for everyone. Bravo! 👀

  • Evan Miyazono: "I think the work @maymounkov is doing for @pluralitybook ( really understated. OSS is amazing with the consensus mechanism of "forkable autocrat". Think of how compelling it will be with the ability to incorporate voting!" Link

  • Nat Friedman: "Having started from the position that Bayes theorem should be illegal, the EU seems to have moved on to the equally ridiculous position that maybe open source AI models should be illegal:

  • John Graham-Cumming: "Amongst the many things announced today are: 1. Open source @Cloudflare Workers runtime 2. New Startup Program giving startups access to all the goodies 3. $1.25B funding program for startups from leading VCs. Start you engines ladies and gentlemen.

  • Singlelink: "Custom domains, faster websites, bug fixes, and more. Meet Singlelink V4:

  • JJ 🇺🇦: "This letter by congresswoman Eshoo is very clearly in defense of "Open"AI's monopolistic ambition... Pay close attention to what happens from here. Truly open source AI will be the only way to unlock an abundant future for all.

  • JJ 🇺🇦: "I just asked @stephen_wolfram: "Should @StableDiffusion be made illegal or should truly open source AI exist?" Here's his incredible nuanced answer:

  • JJ 🇺🇦: "👽 💥 ⁦@Hoppscotch_io⁩ v3 has landed!! ✨ 🛬 And it's doozie: — 28 contributors in this major release — 17 net new contributors — More than a dozen new features +++

  • Bob Young: "...and fun to hang out with JJ. He and OSS Capital are world experts on Open Source business models. @OSSCapital. And he knows a lot about honey bees. 🐝

  • Emad: "Twitter spent $1.247 billion on R&D last year finally made the breakthrough. A historic moment 🙃 We plan to spend more than that on Open Source AI in the next few years.. Wonder what editing powers that will enable 🤔

  • Sebastian: "Open source in the data center! All the software running is 100% open source. From the router (@opnsense), to the load balancer (@HAProxy), network switches (SONiC), and the servers (Debian)

  • JJ 🇺🇦: "YES PLEASE. On ⁦@theallinpod⁩, ⁦@DavidSacks⁩ channeling ⁦@altcap⁩ with "The ⁦@federalreserve⁩ should open source their data model (if it exists) in the open for a community to contribute to"

💸 COSS Liquidity (M&A + IPOs)

🛠️ COSS Jobs

  • 6,946 jobs and 244 companies hiring! Link

📊 $COSS - Public Markets

  • $COSS markets up 4.15% last week

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

Koyfin market data

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