Invest Like The Best
Episode 188 Open Source Crash Course
Invest Like The Best

Episode 188: Open Source Crash Course

Invest Like The Best

Episode 188

Open Source Crash Course

Jeremiah Lowin is the founder of Prefect.io, an open source software company. Chetan Puttagunta is a partner at Benchmark Capital. We cover the open source software business model, building an open source community, and future opportunities in the sector.

This episode is brought to you by: Canalyst. This episode of Invest Like The Best is sponsored by Canalyst. Canalyst is the leading destination for public company data and analysis. If you’re a professional equity investor and haven’t talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com/patrick.

[00:02:40] – (First question) – Originator business in open source software; Redhat

[00:05:51] – Why open source is valuable in building a business

[00:07:40] – Examples of the benefits of open source projects

[00:10:27] – Open source business models that produce the best results

[00:17:04] – Defensibility of open source companies

[00:25:02] – Mentoring younger founders on using open-source

[00:30:54] – The benefits of launching open-source

[00:36:41] – Building a digital community

[00:41:31] – Lessons from Open Source that can be applied to other businesses

[00:50:04] – The opportunity sets available in the open source space

[00:53:33] – Future of open source

Open Source Crash Course

Introduction

Patrick
My guests this week are Jeremiah Lowin and Chetan Puttagunta. Jeremiah is the founder of Prefect.io, an open source software company where my family and I are investors. And Chetan is a partner at Benchmark Capital. Both are past guests and good friends.

I asked them on to help the audience understand the open source software business model. I've been fascinated with this model in which companies give a huge chunk of their work and value away for free to a community of developers and then make money by building additional tools, functionality and services on top of their free and open platform. While this may strike you as a wonky discussion on a niche software topic, I think it is valuable for everyone because the ideas can be applied to more than just code.

I view much of my own activity as open sourcing investment research and knowledge. It's also important because much of the world's technology is built on top of open source projects. I hope you learned something new about this emerging category. Please enjoy.

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