last highlighted date: 2024-10-22
Highlights
- Elsewhere, there is Notion alternative AppFlowy; Jira alternative Plane; Calendly alternative Cal.com; Postman alternative Hoppscotch; and for those seeking an alternative to Okta, Cerbos is worth a look.
- showcasing two diametrically opposing ideas — that of giving something away for free and that of making a profit.
- “I think capitalism can promote positive and sustainable behavior much better than philanthropy can for positive and sustainable behavior,” Jacks said. “I believe that capitalism itself is the penultimate manifestation of philanthropy, and commercial open source networks and startups are the most well-suited type of capitalism toward accelerating open source innovation in the world.”
- To date, OSS Capital has made in the region of 80 investments, and earlier this week, Jacks announced that he would be transitioning his firm from an ERA (exempt reporting adviser) to an RIA (registered investment adviser) to fulfill regulatory requirements around crypto.
- Today, OSS Capital counts a fairly extensive roster of limited partners (LPs) — mostly individuals, many of whom have connections to the world of open source software. These include Automattic CEO and WordPress co-creator Matt Mullenweg; Red Hat co-founder Bob Young; Cockroach Labs’ co-founder Spencer Kimball; and MongoDB co-founder Eliot Horowitz. Elsewhere, YouTube founders Chad Hurley and Steve Chen are also backers, as are Shopify founder Tobias Lütke, GitHub co-founder Tom Preston-Werner, and founding Google investor Ram Shriram.
- Didier Lopes, co-founder and CEO of OpenBB — often referred to as an open source alternative to Bloomberg Terminal — secured $8.5 million in a seed round of funding led by OSS Capital just six months after his project’s inception. And Lopes said that the insights and connections fostered through this initial tie-up opened doors.