This chapter recounts a pivotal fundraising moment sparked by a viral tweet, which enabled the team to raise $500k in just 30 days. It reflects on the growth and evolution of a fund dedicated to open-source software investment, addressing the challenges faced during capital raising, particularly amid the pandemic. The narrative also highlights the influence of key supporters and the importance of open-source principles in shaping the tech industry.
Joseph Jacks (JJ) is back! We discuss the latest in COSS funding, his thesis for investing in commercial open source companies, the various rug pulls happening out there in open source licensing, and Zuck/Meta’s generosity releasing Llama 3.1 as “open source.”
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