COSS Weekly, Issue #10: December 22nd, 2020
Welcome to the tenth issue of the COSS Weekly, the global Commercial Open-Source ecosystem newsletter brought to you every Sunday by Joseph Jacks and team at COSS.Community, OSS Capital and the organizers of Open Core Summit.
Each week, we neatly summarize the latest happenings in COSS, often including objective commentary across primarily the following four areas: Funding, Content, Liquidity, Data.
💰 COSS Funding
On the year, nearly 100 COSS financings and north of $3B+ in funding! Link
Supabase, maker of an open-source Firebase alternative, announces $6M seed led by Coatue. Link
Vercel, building a platform to help front-end teams do their best work, announces $40M Series B led by GV. Link
ChaosSearch, building a next-generation data platform for analytics, announces $40M Series B co-led by Stripes and Moore Strategic Ventures. Link
Cypress.io, leading the next generation of software testing with an end-to-end testing experience, announces $40M Series B led by OpenView. Link
PostHog, an open-source product analytics platform, raises $9M Series A led by GV. Link
📚 COSS Content
"Cloud" may not represent the final long-term durable business model for COSS companies ... commercialization approaches are always continuously evolving. Perhaps COSS can take a page from social/consumer apps! Link
OCS is "open-sourcing" 65+ hours of video and 500,000+ words of text/speech from the world's leading COSS ecosystem experts, builders, founders, investors, and more! Link
How to forget about being commercial open source, and sell Coca Cola —Ben Halpern (Co-Founder of Forem). Link
Merico Build, providing developer analytics like "a fitness tracker for your code", launches on ProductHunt. Link
The COSS.community Forem launches on ProductHunt. Link
Apache Combinator: "One of the biggest paradoxes in enterprise software is The Apache Software Foundation: a non-profit responsible for incubating several multi-billion $ companies, including Cloudera, Confluent, and Databricks" — Piece by Vinay Iyengar. Link
The most successful COSS founders are (1) Kind and welcoming to all users/stakeholders, (2) Responsive to community questions/issues, (3) Thoughtful about license decisions/tradeoffs, (4) Positive-Sum vs Zero-Sum oriented! Link
JJ: Today, only 2 of the 80 software companies with $1B+ Annual Revenue are COSS. By 2030, I expect there to be more than 20. Link
"COSS companies must be desperate to make developers as productive as possible, and also as happy as possible." — Glenn Solomon (GGV Capital), OCS 2020. Link
Matt Asay (AWS) and Adam Jacob (founder of Chef) share thoughts on RedHat's CentOS open-source strategy. Link
How JetBrains founders turned billionaires without VC help. Link
Scarf: Sorry if we missed you at OCS — ping us on Twitter anytime to stay in touch, or follow us on the new COSS.community site. Link
OCS is a wrap. Thank you to all our amazing sponsors! 13,724 attendees, across 64 countries, over 3 days, 203 sessions, 42 sponsors, nearly 300 speakers, and more than 60 hours of new COSS wisdom! Link
📈 COSS Data
- 🌐 YC COSS: For the first time ever in 2020, 15~ COSS startups have gone through YC in a single year representing 30%+ of the total (50~ since 2006). Our YC COSS dataset tracks and provides granular data on the growing but still small COSS YC alumni.
- 🏦 COSS PE Funding*: *This dataset tracks the latest funding events for all stages of COSS companies, mostly in private markets, for 2020-2021+
- 📊 COSS Index*: *The well-known COSSI sheet for the exclusive $100M+ revenue club of COSS companies. New data points and growth happening weekly.
- 🌩️ AWS COSS*: *List of COSS services on AWS. Continuously evolving. We plan to offer similar datasets for Azure, GCP, and other major clouds.
- 📈 COSS IPO: Analysis of every COSS IPO since 1999.