Follow the growth and the frequency of open source startups is a long-term project at ukbusinessupdates.com. This column joined the fun in recent years, noting what appeared to be a rising wave of startups building open source projects that later monetized them.
BuildBuddy built its service to work with Basel, an open source version of the Google developer tool Blaze, to pick an example from our coverage. Airbyte has built its own open source code that it monetizes, to highlight another. The trend of startups building open source code and then building a company on top of it, or doing the latter while contributing to an existing open code base, is now so pervasive that we’ve published essays on ukbusinessupdates.com+ that are strictly about building open source startups. . Hell, the topic has even cropped up in crypto circles lately.
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Software companies based on open source code have become so normalized these days that we have seen a few companies go public after building with the model. Confluent was one. Hashicorp was another.