The Business of Open Source

From 4,000 GitHub Stars to a Successful Open Source Business with Didier Lopes of OpenBB

8 snips
Jan 3, 2024
Didier Lopes, CEO of OpenBB, shares how the project grew from 4,000 GitHub stars to a successful open source business. He discusses the origins of OpenBB, the involvement of his co-founder, the evolution of the company, and the benefits of open source in their monetization strategy. Didier also emphasizes the importance of building a cohesive team in achieving success.
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ANECDOTE

OpenBB Origin Story

  • Didier Lopes started OpenBB during a COVID week off after his flight was canceled.
  • He built it to solve his personal investing research inefficiency using Python.
ANECDOTE

Viral Launch Surprise

  • OpenBB went viral on Reddit and Hacker News overnight, gaining 4,000 GitHub stars in a day.
  • Didier realized this was a shared problem, not just his personal one.
INSIGHT

User Base Reality Check

  • Retail investors spend less time on research compared to analysts and students.
  • OpenBB's main users are small-medium hedge funds and family offices who value the data aggregation.
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