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Justin Jackson justinjackson.ca

Can you grow a startup on the side? Justin Jackson is trying...

In this post Justin Jackson shares his struggles, doubts, and uncertainties about where to take his startup. Sometimes we put too much financial pressure on a startup too soon and it fails — not because of lack of product/market fit, but because of financially poor choices. It’s been exciting to build and grow our app on the side. But it’s also been hard. With hundreds of paying customers, we’re dedicating more of our time to serving them. But, the business isn’t earning enough to pay us for our time. It’s been particularly challenging for me. Since 2016, I’ve supported myself with M4Devs and other courses. But my revenue’s fallen this year as I’ve dedicated more time to Transistor.

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Founders Talk Founders Talk #59

How $3.8M in seed funding started Gatsby as an open source company

Kyle Mathews is the founder and CEO of Gatsby, a new company he’s building around an open source project of the same name. Gatsby as a project describes itself as a flexible modern website framework and blazing fast static site generator for React.js. At the macro level — Kyle’s career has been focused on a better way to build and ship websites. It seems he’s done just that with Gatsby’s launch in late May 2015…since then he’s taken on a co-founder and a seed round of $3.8M to form Gatsby Inc.

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GitHub spectrum.chat

GitHub acquired Spectrum and every feature is now free

I’m really interested to see how this changes GitHub Issues (if at all). Really dig this sentiment shared by Bryn Jackson, CEO of Spectrum, in their announcement post: We love you all for taking a chance on Spectrum. We couldn’t be the best platform for communities without having the best communities, so we’re incredibly grateful that you’ve trusted us to take good care of you. Congrats y’all!

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TechCrunch Icon TechCrunch

VMware acquires Heptio

Heptio is the startup founded by 2 of the co-founders of Kubernetes. We had been working on getting some time planned with the CEO Craig McLucki and CTO Joe Beda, but both were “unavailable” to speak. This acquisition might be one of the reasons why. From Ingrid Lunden’s coverage on TechCrunch: VMware acquires Heptio — a startup out of Seattle that was co-founded by Joe Beda and Craig McLuckie (two of the three people who co-created Kubernetes back at Google in 2014) Beda and McLuckie and their team will all be joining VMware in the transaction. More details can be found on the Heptio blog announcement. As for the terms of the deal, they “are not being disclosed.” For reference, when Heptio last raised money ($25M Series B in 2017) it was valued at $117M post-money. So, I’m estimating this deal to be in the $300M-$500M range. To Craig and Joe — first, congrats. Second, we’re still interested in talking with you. Maybe now is a better time and the details you couldn’t share before can now be more freely shared. This is an open invite, to you both! Congrats also to the team at Heptio for all the hard at work you’re doing to advance Kubernetes and cloud orchestration! What a ride the past few weeks for commercial open source in this recent wave of acquisitions.

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TechCrunch Icon TechCrunch

HashiCorp scores $100M investment on $1.9B valuation (becomes a unicorn)

Today is another day in the sun for open source! HashiCorp has announced an enormous $100 Million round on a unicorn valuation of $1.9 Billion. HashiCorp launched in 2012, which we covered around the same time with founder and creator Mitchell Hashimoto, and again a year later shortly after officially forming HashiCorp with Armon Dadgar. Ron Miller of TechCrunch included this pull-quote to give context to HashiCorp’s roots. After graduating and getting jobs, Hashimoto and Dadgar reunited in 2012 and launched HashiCorp. They decided to break their big problem down into smaller, more manageable pieces and eventually built the five open source tools currently on offer. In fact, they found as they developed each one, the community let them know about adjacent problems and they layered on each new tool to address a different need. Over the years, HashiCorp has been in our newsfeed and on our podcasts regularly — so dig into the archives while we make plans to sync up with Mitchell on the future plans of HashiCorp.

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Business Insider Icon Business Insider

IBM is acquiring Red Hat for $34 Billion

That’s a lot of Billions attached to a company built on the back of open source Linux. To give a quick reminder, we JUST DID A SHOW with special guest Joseph Jacks titled “Venture capital meets commercial OSS” and, of course, Red Hat was mentioned several times. They’re also on the $100M+ revenue commercial open source software company index we talked about. We’ll dig into this and keep you updated on this breaking news that’s just days off the heels of Microsoft’s official acquisition announcement of GitHub. Needless to say, this has been a BIG WEEK for commercial open source software companies.

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The Changelog The Changelog #320

Venture capital meets commercial OSS

Joseph Jacks, the Founder and General Partner of OSS Capital joined the show to share his plans for funding the future generation of commercial open source software based companies. This is a growing landscape of $100M+ revenue companies ~13 years in the making that’s just now getting serious early attention and institutional backing — and we talk through many of those details with Joseph. We cover the whys and hows, why OSS now, deep details around licensing implications, and we speculate the types of open source software that makes sense for the types of investing Joseph and other plan to do.

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Amjad Masad repl.it

Repl.it just raised $4.5M and has 1M monthly active users

Repl.it is a startup I’ve never heard of but it really seems I should have. They just raised $4.5M to build out a “microcomputer to the cloud’s mainframe.” What is that even? When they started they didn’t know either… We started Repl.it as a side project with the straightforward goal of making it easy to get a REPL for your favorite language when you need one … however, our users wanted more. They misused our system for things it wasn’t meant for: they hacked games into our dumb web terminal, they made networked applications despite not having explicit support for it, and they kept asking for more. It’s crazy how big ideas start so small and simple. Now they have the backing of one of the most sought after venture capital firms to continue on their quest. The seed round was led by Andreessen Horowitz, with Marc Andreessen and Andrew Chen championing the deal. Cloud-computing is one of the most significant paradigm shifts in our industry, yet it remains command-able only by relatively few professionals. It’s similar to when, prior to microcomputers, only big corporations and universities had mainframes. We want Repl.it to be the microcomputer to the cloud’s mainframe.

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The Changelog The Changelog #310

Open sourcing the DEV community

We talk with Ben Halpern the founder and webmaster of dev.to — a community for developers to talk about software. Last Wednesday they open sourced the codebase of the dev.to platform, so we wanted to talk through all the details with Ben. We talked through the backstory, how Ben realized this could become a business, how the team was formed, their motivations for open sourcing it and why they didn’t open source it from the start, the technical stack, and their vision for the future of the site.

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The Changelog The Changelog #309

Rebuilding Exercism from the ground up

Adam and Jerod invite back Katrina Owen after years away focusing on Exercism—a 100% free platform for code practice and mentorship with over 2500 exercises and 48 different language tracks. They talk to Katrina about how the platform has changed, the direction it’s taken, the backstory on the recently launched version 2, and how she plans to turn Exercism into a sustainable business. Also, what happens if that doesn’t work?!

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Founders Talk Founders Talk #54

From side project to $7.25M for Unsplash

When Mikael Cho started Unsplash from its small beginning as a Tumblr blog and side project, he had no idea it would have such a huge impact and ultimately disrupt the photography industry. In this episode, Mikael shares the backstory of Unsplash, how it got started, keeping things focused, levers of growth, flipping the marketing funnel, turning free into a business, raising $7.25 million to build a new economy for photography, and the impact of an API.

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Founders Talk Founders Talk #53

Danielle Morrill on starting over from zero

Danielle Morrill joined the show to talk about how she’s starting over from zero after the recent acquisition of Mattermark to FullContact where she held the role of CEO and co-founder who walked away with “zero dollars and a job”. We talked through the details of the company, the acquisition process, the deal — which she brokered herself — as well as her outlook on the startup grind and silicon valley today, and what she’s planning to do next.

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