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 😋 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!
Enjoy!
💰 COSS Funding: $7M
- ChiselStrike, a backend development platform, announced their $7M Seed led by Norwest Venture Partners. Link
📚 COSS Content
OSS Insight: "📈 In nearly 7 weeks, #GitHub events increased from 4.7 billion to 4.85 billion. 💥 In 2011, it took 2 years to generate so many events.😲 What's the secret behind the exponential growth? Let #OSSInsight tell you 👉 https://t.co/PX0ysqSz3X https://t.co/mpOwFlfPlb" Link
swyx 🌴: "🎧 New Mixtape: Ep. 393 [Biz] The Business Models of Open Source - Adam Jacobs Show notes inline! https://t.co/RWWuO74WTZ" Link
Joseph Jacks (JJ) 🇺🇦: "Very, very excited to hit publish on this soon... 👀👀👀👀👀👀👀👀 https://t.co/Wz22u70beH" Link
OpenBB 🦋: "🏆 #1 Product of the Day on Product Hunt is none other than #OpenBB🏆🔥 No resting time! Upvote, comment, review and share. Let's take it to the moon 🚀 https://t.co/Sao3Wga5sa https://t.co/KN4pgHLNDE" Link
Dagster: "As we prepare to release our first commercially hosted solution for Dagster, @schrockn shares the Elementl philosophy on how open source and a hosted solution are symbiotic and discusses our ongoing commitment to the open source project. https://t.co/aL1NdPwmnm" Link
Merico: "We are so excited to invite everyone to a conversation with Max Howell (@mxcl), Creator of @MacHomebrew & @teaxyz_, and a giant in the open-source community! Link to RSVP https://t.co/3dyjEfSdZH Be there this Thursday August 4th 7am PST / 10am EST" Link
swyx 🌴: "🎧 New Mixtape: Ep. 395 [Biz] How do you make a successful open source app? - Peer Richelsen Show notes inline! https://t.co/j4NG6LomMw" 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 🙂👇 https://t.co/SPuOe7hkho https://t.co/2HQOKOyalA" Link
Joseph Jacks (JJ) 🇺🇦: "Disrupting undifferentiated intermediaries is where many great market opportunities will surface. Over the last 20 years, $10 Trillion + in proprietary software (SaaS, consumer internet, etc) value has been captured by founders cobbling together open source they did not create..." Link
Open Source Startup Podcast🎙: "⚡️MAJOR⚡️ Open Source Startup Podcast Release Ft. @mfateev & @DominikTornow of resilient app builder @temporalio 💪 We cover use cases, how their positioning has evolved, GA of their cloud service, and their upcoming DevEx conference Replay (link 👇) https://t.co/2VVejXQ7Za" Link
Dagster: "Introducing Dagster 1.0! 🎉 After 463 releases and with over 200 contributors, we are proud to release Dagster 1.0. Data teams who want to access what's unique about Dagster now have a stable foundation to build on. Check it out! https://t.co/NepaoF5VIH" Link
💸 COSS Liquidity (M&A + IPOs)
COSS Community 🌏: "$QTCOM / @qtproject (COSS embedded GUI dev framework) hit by -24% selloff today after management downward adjusts 2H 22 outlook 😵💫📉: https://t.co/manSZfGCqX" [Link](https://twitter.com/qtproject/status/1554189802257297409)
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" Link
TechCrunch: "Squaring Databricks' 2021 valuation as it crosses a $1B annual run rate https://t.co/1m53YUlbpF by @alex" Link
🛠️ COSS Jobs
- 7,771 jobs and 237 companies hiring! Link
📊 $COSS - Public Markets
$COSS markets up 8.93% last week
- Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.
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