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by smashah
1913 days ago
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As an early stage investor do you outright reject "open source" projects or would you consider one that's already making some money? I've never considered putting it this way but I guess you could say the project I maintain is an `"open source" alternative to a specific Twillio product` and MRR is showing steady/strong growth. But being a solo maintainer is seeming to be a strike against me (ahem yc). What are early stage investors' criteria for open source, in your opinion? |
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No! I'm bullish on open source, I just think the current climate is weird. I have a small vc fund, currently 8 portfolio companies and almost half have at least some open source element to their product offering. I'd definitely look at something you're describing, and the fact that you're seeing steady MRR growth is a huge accomplishment, regardless of whether you ever choose to take vc money.
Happy to have a discussion on the topic if helpful, don't feel the need to be in sales mode. You can hit me up if interested: taylor at abstraction.vc