Happy weekend, everyone. I hope your week wasn’t too busy and you’re getting a good recharge that said it, we have a lot to talk about. Something else is being cropped up in my inbox, enthusiastic rounds from startups with SMS folders and Twitter DMs with open-source backbones. Basically, the main tariff of startups is on an open source project, often with open tech predecessors within the company.
Confluent was a good example of this at the very end of the startup world. Pricing above this IPO range and appreciating more later on, the company is going to make quite a good impact this week. Opal-source Tech Kafka has predicted a conflict that you may have heard of. The exchange caught up with Mike Volpi of Index Ventures, an early supporter of Confluent on the day of the company’s IPO. During our chat, we got bored of the open-source (OSS) startup world, which Volpi said has changed dramatically in recent years.
That said, back in 2015, investors didn’t have much hype about open-source startups, arguing that there was already a (red hat) and that it was going to be pretty much that. If we do our math correctly, the indicators will be detrimental to Confluent’s $1 billion stake in its IPO price. So, haters were wrong about OSS. That said, while Volpi added that while open-source-focused startups are still as bullish as ever, the market has grown to support more investors.
While these innovators are making more money working in space, it’s no surprise if you’re reading the startup fund coverage. BuildBuddy is an example I wrote about last December. Ron recently covered Tecton and Airbite. The trend of enterprise interest in the OSS has been building for some time. Hale, VC writes about the explosion of open source startups for TechCrunch back in 2017. . (Say hi if you are an OSS-centric startup and have recently raised capital.)
The trend of enterprise interest in the OSS has been building for some time. Hale, VC writes about the explosion of open source startups for TechCrunch back in 2013. . (Say hi if you are an OSS-centric startup and have recently raised capital.)