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DataTalks.Club
Investing in Open-Source Data Tools - Bela Wiertz
Jul 21, 2023
Bela Wiertz, investor in open-source data tools, talks about the viability of open source as a go-to-market strategy, the differences between angel investors, VC funds, and family offices, and the use of GitHub stars as a metric for investment. They also discuss the future of open source, recent successes of open source companies, and Bela's resource recommendations.
54:57
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Quick takeaways
- Open source startups have various models for commercialization, including offering a hosted version of the open source tool with additional features or selling enterprise licenses.
- Open source is expected to gain greater prominence in the future, with the potential for more successful open source companies to emerge as market leaders.
Deep dives
Investing in Open Source and Developer Tooling
Open source and developer tooling are key focuses for VC investment. The investment activity primarily targets early-stage startups in Europe, with a special interest in the developer stack niche. While open source models are popular, there is no insistence on full open source solutions; the open core model, combining open source and proprietary features, is also considered. The key criteria for investment include evaluating the team, assessing market need, and understanding the commercialization strategy. Inbound leads through platforms like LinkedIn are encouraged, as long as there is a good fit with the investment focus.
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