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  • 404trends #10 | Open-Source Startups Surging | Building an app in 24h | Demand for Alternatives

404trends #10 | Open-Source Startups Surging | Building an app in 24h | Demand for Alternatives

Dear friends, coding wizards, and anyone who's tried to fix a 'simple bug' that turned into a three-day agony

It’s Thursday, and I understand that I’m not quite consistent with my reports, but life's been a whirlwind of back-to-back meetups, tech talks, and events. Meanwhile, my neighborhood's still in the throes of construction chaos, turning every day into a guessing game of 'which route will be blocked today?'

Anyway, I’m so excited to come back with another dive-deep report, today we’ll talk about Open-source. Put your swimming caps on and let’s dive in.

What’s Inside:

  • Big tech in Open-source (you already know these names)

  • Popular Open-source tools

  • Launches on Product Hunt

  • Investments in Open-source

  • Exploding GitHub Repositories

  • Ideas on how to make money with Open-source

  • Building and launching a tool into 10k users in one day

Quick Stats For Nerds

  • Open-source services market was valued at over $25 billion in 2022, and is expected to grow to $138.61 billion by 2032.

  • 2023 saw the largest number of first-time open-source contributors

  • 70-78% of companies use open-source software, and 50-65% of developers contribute to open-source projects.

  • 96.3% of top 1 million websites run on open-source software, like Linux.

  • The Linux kernel had 20,323,379 lines of code as of 2018, making it the single largest open-source project on the planet

Rising Trend: Open-Source Contributions

Open source refers to a type of software where the source code is made freely available for anyone to view, modify, and enhance.

source: Sonatype 9th annual report

Why It Matters:

Open-source software is popular because it's free and customizable, making it a cost-effective choice for users and companies. It's constantly improved by a global community, ensuring high quality and security. Being open source also means avoiding commitment to just one company's products, offering more flexibility. This combination of benefits is why more people are choosing open source.

Big Companies Involved in Open-source

  • Amazon Web Services (AWS)

  • The Apache Software Foundation

  • Red Hat

  • VMware

  • OpenAI

  • Google

  • IBM

  • Oracle

  • GitLab

  • Docker

  • MongoDB

  • GIMP: Free image editor rivaling Adobe Photoshop

  • Python: Flexible programming language for web, data, AI, and more

  • Mozilla Firefox: Privacy-focused customizable web browser

  • PyTorch: Machine learning library for vision and language processing

  • GNU: Collection of free software and tools from the GNU Project.

  • VLC Media Player: Plays all multimedia files on multiple platforms.

  • OpenCog: AI framework used by major companies.

  • Inkscape: Free vector graphics editor akin to Adobe Illustrator.

  • LibreOffice: Free office suite, an alternative to Microsoft Office.

  • Blender: Comprehensive 3D creation suite for all aspects of 3D.

  • Linux: Core of various free operating systems.

  • Rocket.Chat: Platform for open-source team communication.

  • Jitsi Meet: Free video conferencing tool.

  • SuiteCRM: Open-source tool for managing customer relationships.

  • Audacity: Software for editing audio files.

  • OpenProject: Tool for managing projects openly.

  • Shotcut: Video editing software available for free.

  • Brave: Web browser emphasizing privacy and ad-blocking.

Open-source Launches on Product Hunt

  • Feather Icons: Beautiful, simple open-source icons.

  • Learn Anything: Platform for learning and sharing knowledge on any topic.

  • unDraw: Customizable open-source illustration collection.

  • DrawKit: Free, customizable project illustrations.

  • Prettier: Code formatter supporting many languages, works with most editors.

  • Docusaurus: Simplifies maintaining open-source documentation sites.

  • Tiledesk: Builds AI chatbots and conversational apps.

  • Astro: Scalable open-source web framework.

  • Scoutflo: First commercial open-source marketplace.

  • Medusa: Shopify alternative for e-commerce development.

  • snoopForms: Typeform open-source alternative for easy forms.

  • ToolJet: App builder for data-driven applications, like Retool.

  • Jitsu: Data integration tool, similar to Segment/Fivetran.

  • Screenity: Screen recording/sharing tool, like Loom.

  • Chatwoot: Omnichannel communication platform, akin to Zendesk/Intercom.

  • Athens Research: Knowledge graph for notes and research, like Roam Research.

  • Porter: Kubernetes-powered PaaS in your cloud, similar to Heroku.

  • Jam: Offers Clubhouse-like audio rooms as a service.

GitHub Repositories

In the last two years, several GitHub repositories have grown rapidly.

Recent Investments in Open-source

Open-source startups last year be like

  • Hugging Face: Raised $235 million in a Series D funding round

  • Kimia: A Carmot spinoff, raised $55 million

  • ALT Mobility: Received funding from Piper Serica

  • Crediwatch: Received funding from Piper Serica

  • ZFW Dark Stores: Received funding from Piper Serica

  • Driffle: Received funding from Piper Serica

  • Oditly: Received funding from Piper Serica

  • Cashify: Received funding from Prath Ventures

  • Carbon Clean: Received funding from Prath Ventures

  • Zopper: Received funding from Prath Ventures

And a little bit more

  • Appsmith: Low-code tool for admin panels, raised $41M in 2022 for a total of $51.5M.

  • Cal.com: Scheduling platform, secured $25M in 2022, totaling $32.5M funding.

  • Penpot: Investment research platform, raised $8.5M in 2022.

  • Medusa: Shopify alternative, raised $8M in 2022 for a total of $9M.

  • Budibase: Low-code internal tool builder, raised $7M in 2022, total $9.2M.

  • Novu: Open-source notification system, raised $6.6M in 2022.

  • Baserow: No-code database, Airtable rival, raised $5M in 2022.

  • Pynecone: San Francisco-based startup, raised $0.5M in 2023.

  • HPC-AI Tech: Singapore startup, raised $6M in 2023.

  • Massa Labs: Paris-based startup, raised $5.8M in 2023.

  • Nango: San Francisco startup, raised $0.5M in 2023.

  • Infisical: San Francisco startup, also raised $0.5M in 2023.

  • Atri Labs: Another San Francisco startup, raised $0.5M in 2023

How to make money with Open-Source

The best thing about open source is you don’t have to come up with a wonderful idea, just take the app that makes money and build an open source. But, here are some other ways how you can earn some from open-source

  • Paid Support: Charging for expert assistance and troubleshooting for their projects.

  • SaaS Offerings: Monetizing fully developed applications by offering them as cloud-based services.

  • Open-Core Model: Providing the core software for free while charging for advanced features or enterprise versions.

  • Community Funding: Receiving direct support from users through platforms like GitHub Sponsors.

  • Custom Development: Getting paid to add specific features requested by users or companies.

  • Donations: Accepting voluntary contributions from users who value the project.

  • Hosting Services: Offering managed hosting solutions for open-source applications.

  • Dual Licensing: Offering the software under both open-source and commercial licenses.

  • Content and Add-ons: Selling related content, such as guides, courses, plugins, or themes.

  • Bug Bounties: Earning rewards for finding and reporting security vulnerabilities.

10k users in 24 hours

In this article, Iuliia shares her journey about how she built her first open-source project with no previous experience in coding using Next.js and ChatGPT. She talks about the steps taken from the initial setup to the final launch, including choosing the right tools, leveraging ChatGPT for coding assistance, and adapting existing open-source projects to create a LinkedIn Post Generator.

Want to promote your business to my community of 250+ entrepreneurs and investors? Reply “advertise”

Something else to read

  1. As a maker you value a time when you do the creative work, if someone slides a meeting into your calendar suddenly it might feel like a disaster. For managers, it’s not a problem, but for builders, it’s another wasted time. Learn how to manage your time effectively to have time for ideation, learning, management, and creativity.

  2. How to become a startup scientist, and create create your own business’s math formula

  3. How to build an open-source business. The evolution of the software and which path to take

Wrap Up 🥳

That's a wrap on this week! If this newsletter sparked some insights, feel free to pass it on.

Catch you on the flip side,

Zaur

P.S. Here are a few ways for us to work together:

  1. Join me on a free coaching call where I’ll help you to validate your idea and get the first users, reply “100users” to join.

  2. Hire developers to build anything from scratch, from the middle, or finish the broken stack, reply “needbuilders” to request help

  3. Also, if you use any idea from this newsletter, reach out to me and I’ll promote your tool for free

What did you miss from previous trends:

1

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