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Open Source Endowment – new funding source for open source maintainers

endowment.dev

31–40 of 176 posts

Re: Open Source Endowment – new funding source for open source maintainers

#31
post #30

Earlier quoted context omitted.

Running a non-profit with the mentality of SV, what could go wrong? Definitely something I will actively avoid after parent comment

Seems better like the current state...of there not being anything like that? Perfect is the enemy of good.

[deleted]

Re: Open Source Endowment – new funding source for open source maintainers

#32
post #30

Earlier quoted context omitted.

Running a non-profit with the mentality of SV, what could go wrong? Definitely something I will actively avoid after parent comment

Seems better like the current state...of there not being anything like that? Perfect is the enemy of good.

There are many existing projects like this, I'm not going to pick the one started by a former VC

Ask if those have not changed things, why would a VC run thing make things better? The last 2 decades have shown us what VC centeredness has brought us

Re: Open Source Endowment – new funding source for open source maintainers

#34
post #30

Earlier quoted context omitted.

Seems better like the current state...of there not being anything like that? Perfect is the enemy of good.

There are many existing projects like this, I'm not going to pick the one started by a former VC Ask if those have not changed things, why would a VC run thing make things better? The last 2 decades have shown us what VC centeredness has brought us

Former VC!?

KV ... you gonna take that lying down? :P

> There are many existing projects like this

Also please link, we're not aware of any other endowments exclusively focused on Open Source.

Re: Open Source Endowment – new funding source for open source maintainers

#35
post #18

Do I get this right that you can only nominate projects on Github? It should be known by now that a centralized platform like Github is the complete antithesis to open source.

So what is your proposed solution?

Nominate any public git repo

(or at least Codeberg, SourceHut, etc.)

Re: Open Source Endowment – new funding source for open source maintainers

#36

Over the last few years I've talked with hundreds of people in the dev community, and almost everyone shared the same concern: there's no sustainable funding for critical OSS maintenance, and without it the modern world runs on an increasingly fragile foundation. I have personal experience with university endowments, and at some point noticed that the open source world is remarkably similar to a top research universi…

The FAQ, under "How can OSE evolve in the long term, especially in an AI-powered world?" appears to state a very pro-AI view. I think this is hopelessly naive. The LLMs crapping out code are shamelessly ripping off open source code, sans copyright notice. It makes no sense for a foundation supporting open source to also support this massive copyright massacre. Also, I think you're going to get flooded with requests t…

Potential issues from new tech aside, an open-source endowment is a pro-social idea, that absolutely deserves its day.

Now, setting aside ethical issues for a moment, open-sourced knowledge, writing, history, data, Q&A, and tech is essentially a prerequisite for a data-driven technology like LLMs, and if those turn out to be a net win for humanity, then we can directly trace the routes to initiatives like this one that can curate humanity's best contributions.

Re: Open Source Endowment – new funding source for open source maintainers

#37
post #34

Earlier quoted context omitted.

There are many existing projects like this, I'm not going to pick the one started by a former VC Ask if those have not changed things, why would a VC run thing make things better? The last 2 decades have shown us what VC centeredness has brought us

Former VC!? KV ... you gonna take that lying down? :P > There are many existing projects like this Also please link, we're not aware of any other endowments exclusively focused on Open Source.

Look at OP's profile: https://news.ycombinator.com/user?id=kvinogradov

https://runacap.com/

Re: Open Source Endowment – new funding source for open source maintainers

#38
post #19

It's an interesting idea. The current endowment size of less than $1M is immaterial; the question with a project like this will always be how it is able to raise capital. A way something like this could be interesting is if founders started donating 5% of equity when they started a company to an open source foundation like this one. It doesn't impact the founder much financially: Success is very binary for founders.…

Consider this as a nonprofit startup that has just raised a pre-seed round. The current size of $700K is indeed immaterial, as our plan is to scale it significantly in the coming years. The closest real-world comparable to what we are building is the Wikimedia Endowment, whose former Director is among OSE’s advisors. Like Wikimedia, we aim to be supported not only by large donations but also by contributions from lar…

What is a preseed round? You guys don't "make" money when the ROI is primarily about funding long term maintenance of open source projects.

Re: Open Source Endowment – new funding source for open source maintainers

#39
post #20

Do I get this right that you can only nominate projects on Github? It should be known by now that a centralized platform like Github is the complete antithesis to open source.

We discussed this prior to launch, and obviously decided to launch as you see it. :) Our reasoning was that a) standardizing on GitHub URLs makes it easier to do automated analysis as part of the funding model, and b) any project important enough to matter will have at least a GitHub mirror. If you have counter-examples to (b), please comment them on GitHub (see what I did there?) or here and I will copy/paste for yo…

They haven't pulled the plug on github yet, but my understanding is that Gentoo intends to drop it long term. In general, I would expect any of the projects that leave GH because they want to avoid being used to train AI would avoid leaving even a mirror behind (since that would defeat the point). (This is not intended as a value judgement, just saying that there exist projects that are doing this)

Re: Open Source Endowment – new funding source for open source maintainers

#40
post #30

Earlier quoted context omitted.

Seems better like the current state...of there not being anything like that? Perfect is the enemy of good.

There are many existing projects like this, I'm not going to pick the one started by a former VC Ask if those have not changed things, why would a VC run thing make things better? The last 2 decades have shown us what VC centeredness has brought us

Can you point out some existing ones with traction? I'm looking more at the list of people who are on board with it ("Trusted by open source creators" section) than who is actually running it, which I think is more important to get buy in than whoever is pulling admin strings in the back.
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