Here's the one-hundred seventy-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 tributes and memories in honor of Jim Simons (1938 - 2024), conversations on the California AI bill, X's attempted copyright move, and more.
💰 COSS Funding
No COSS Funding announcements this week.
📚 COSS Content
JJ: "COSS fund (so far.. see @OSSCapital I and II ): @Benchmark VIII. $459M. 2014 vintage. 5 GPs: @ericvishria, @peterfenton, @bgurley, @mattcohler, @mitchlasky and founders Bruce Dunlevie and Kevin Harvey. $4 billion + in returns from @Docker, @CockroachDB and @ConfluentInc." Link
Jason Levin: "How do you win Product Hunt? I'm Head of Growth at @ProductHunt and I interviewed @steventey who won #1 Product of the Month. Here's Steven's 3 tips to hit #1 on Product Hunt ..." Link
JJ: "The reward for building the best and most widely adopted AI is a seat at the regulatory capture table." Link
martin_casado: "The state of tech policy is really scary: - policy makers don't get tech - they rely on input from large companies - technical academia is almost totally silent - startups don't have policy arms and aren't mobilized This is the perfect setup for full regulatory capture." Link
JJ: "This bill (referred to the appropriations committee as of 3 days ago) aims to create a state-level government apparatus within the @CADeptTech called "Frontier Model Division" that will require startups and citizens to get a license to do large-scale linear algebra. Specifically focused on models bigger than OpenAIs. This represents FULL frontal regulatory capture assault by OpenAI and the top 5 AI labs if this gets passed by congress in ANY shape resembling current draft. leginfo.legislature.ca.gov/faces/billVote..." Link
martin_casado: "Reminder that DRM can be considered an unfair business practice by limiting competition and making it difficult for third parties to offer compatible products or services ..." Link
Simons Foundation: "It is with great sadness that the Simons Foundation announces the death of its co-founder and chair emeritus, James Harris Simons. Jim was an award-winning mathematician, a legendary investor and a generous philanthropist. simonsfoundation.org/2024/05/10/sim..." Link
Frederik Christopher Gieschen: "Jim Simons's five principles (RIP): "Be guided by beauty. Just as a great theorem can be very beautiful, a company that's really working very well, very efficiently, that can be beautiful. Surround yourself with the smartest and best people you possibly can. Let them do their thing. Don't sit on top of them. If they're smarter than you, all the better. Do something original. Don't run with the pack. If everyone is trying to solve the same problem ... don't do that. Don't give up easily. Stick with it. Stick with it not forever, but really give it a chance to get where you're going. The final principle is hope for good luck. That's the most important principle"" Link
Blake Bertuccelli-Booth (1111): "This chat with @JosephJacks_ and @photomatt feels like required viewing for #OpenSource creators. See 23:16 especially: "Think about not just building products, but building movements. How are you inspiring a generation?" coss.community/cossc/ocs-2023..." Link
Ars Technica: "Elon Musk's X tried and failed to make its own copyright system, judge says trib.al/Ic7Hi9z" Link
Kelsey Hightower: "This big AI push is taking us back to the mainframe days. Only a few will have systems big enough to participate while the rest will be time-sharing." Link
JJ: "Monetizing intelligence directly will produce mediocre businesses (licensing). Monetizing intelligence indirectly will produce spectacular businesses (centralized networks). Monetizing the continuous production of intelligence will produce more value than we can imagine (decentralized networks)." Link
💸 COSS Liquidity (M&A + IPOs)
No COSS Liquidity announcements this week.
🛠️ COSS Jobs
- 4,744 jobs and 311 companies hiring! Link
📊 $COSS - Public Markets
- $COSS markets up 0.22% last week
- Latest $COSS markets as of last Friday at market close, courtesy of Koyfin
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