Sustain

Episode 257: Kailash Nadh and Zerodha's FLOSS/Fund and funding.json

13 snips
Nov 22, 2024
Kailash Nadh, CTO of Zerodha and an advocate for open source, dives into the intricacies of funding open-source projects. He discusses the innovative FLOSS/Fund, committing a million dollars annually to vital initiatives. The conversation reveals the new funding.json format aimed at simplifying grant applications and the challenges of international funding from India. Additionally, Kailash addresses the importance of quality over quantity in funding choices and reflects on reviving India’s open-source communities through the FOSS United Foundation.
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INSIGHT

Zerodha's Formal Open Source Fund

  • Zerodha formalized its open source donations by creating the FLOSS Fund with a structured commitment of $1 million annually.
  • Publicly committing these funds aims to inspire other companies to create similar support structures for open source.
INSIGHT

Lack of Industry Blueprints

  • Few billion-dollar companies have structured funds dedicated to supporting open source projects.
  • Zerodha's effort to set up its fund was experimental and lacked existing blueprints, highlighting a gap in industry support.
INSIGHT

Global Focus and Community Governance

  • FLOSS Fund is a global initiative focused on systemically important open source projects.
  • The fund aims to transition to community-based selection committees for transparency and inclusiveness.
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