Open source projects, the infrastructure of digital public goods, have long relied on unsustainable funding sources like Github Sponsors, Open Collective, or Buy Me A Coffee. Besides the very few that have reached commercial success by transforming into enterprise SaaS, the vast majority of projects failed to find adequate funding.
The core problem is not that open source projects are not sharing the money received. The problem is that, in total numbers, open source is not getting enough money. $2.5 million is not enough. To put this number into perspective, startups get typically much more than that.
In good hands
There is a feeling I search for: being in good hands. It is the feeling I look to give and the feeling I look to receive.
I know I am in good hands when I sense a cohesive point of view expressed with attention to detail.
I can feel it almost instantly. In any medium. Music, film, fashion, architecture, writing, software. At a Japa... See more
There’s a lot of mis-information being shared about VC performance and how it translates into LP returns.
There’s also a lack of understanding about how the VC ecosystem broke the LP ecosystem over the past few years and why this matters A LOT.
Here’s what’s going on:🧵👇