COSS Weekly, Issue #17: February 21st, 2021
Welcome to the seventeenth issue of the COSS Weekly, the global Commercial Open-Source ecosystem newsletter brought to you every week by Joseph Jacks and the team at COSS.Community, OSS Capital, and Open Core Summit,
Each week, we neatly summarize the latest happenings in COSS, often including objective commentary across primarily the following areas: Funding, Content, Liquidity, Data, Markets.
💰 COSS Funding
NearForm, a global software consultancy known for large enterprise clients and COVID app development, reported to receive multi-million dollar investment led by Columbia Capital. Link
Sentry, providing an application monitoring solution, announces $60M Series D led by Accel. Link
📚 COSS Content
Thanks to all those who joined COSS Builders #3 on Clubhouse! Link
One of the most undervalued stocks in enterprise data integration/middleware software market: Talend. JJ elaborates with details. Link
Esther Delignat asked Ross Mason (Founder of Dig Ventures and Mulesoft) his Top 5 tips for B2B founders, from his experience taking MuleSoft from $0 to $6.5 billion. #1. Learn to say no to customers. #2. Stop looking for that COO. #3. Product-market fit could take awhile—you might need to wait for the market. #4. 2021 could be the time for High Volume Low Touch. #5. Go global as late as possible. Link
Listen to a conversation on IP and Open Source from WIPR Patents. Link
Open Source is not Freemium. Thoughts on recent licensing decisions, from Rushabh Mehta (Founder of ERPNext) Link
Roblox scripting is powered by a currently-proprietary dialect of MIT-licensed Lua, called "Luau." JJ explores Roblox's statements around proprietary Luau and company positioning, as well as diving into how Roblox teaches young people to code. Link
100+ hours of 2020 OCS content is now live on COSS.community! Catch up on all the keynotes, breakouts, and panel sessions. Link
RudderStack is a finalist for SXSW Pitch! Link
Why the Fortune 500 is (Just) Finally Dumping Hadoop. Link
Several COSS companies that are surpassing $1B+ in ARR did not exist a decade ago (Mulesoft, Cloudera, and a few others.) "There will never be another RedHat" should have been a more qualified statement. JJ elaborates. Link
A COSS Success Story by Bruno Lowagie (Founder of iText). Link
Understanding open source databases by Peter Wayner. Link
Listen to Jeremiah Lowin (CEO of Prefect) discuss Prefect's recent Series A, the first details about the company's Microsoft partnership, and vision for the future! Link
Kevin Xu (Founder of Interconnected) shares transcript of "Early Stage Sales with Matt Ekstrom", including: (1) When to Start Selling? (2) Building a Sales Machine: Roles, KPIs, Quotas. (3) Stringent POC Requirements. (4) Servant Sales, Evidence of Work, Fire Fast. (5) Global Opportunities. Link
New COSS Builders tonight on Clubhouse at 5PM PST! Digging into Sentry's new $1B valuation, Roblox and their Lua dependence, and OCS content now online. Link
Conversation with Jono Bacon and Ian Tien (CEO of Mattermost) on chat, collaboration, open source, Microsoft, business, and more. Link
Maciej Zawadziński (Founder and CEO of Piwik Pro) joins The Craft of Open Source. Link
Open source shouldn't mean anti-commercial, according to Drupal creator Dries Buytaert. Link
💸 COSS Liquidity
Palo Alto Networks announces intention to acquire Bridgecrew. Link
Lucid Sight acquires open-source game engine Colyseus. Link
📊 COSS Markets
We're excited to announce that COSS Weekly will soon begin sharing data on public COSS companies from Shawn Cherian and the OSS Newsletter, including MongoDB, QtCom, Elastic, Talend, Cloudera, Rapid7, Fastly, and JFrog.
Keep an eye out for it!
📈 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.
COSS Weekly is brought to you via COSS Community, and OSS Capital (the first and only COSS-dedicated early-stage investor platform for COSS founders)
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