Open Core Ventures

We’re proud to welcome Locust Technologies to the OCV portfolio! Locust Technologies offers code-based, event-driven load testing built on the open-source project Locust. Led by maintainer Lars Holmberg, Locust Technologies plans to offer hosted load generation and advanced reporting capabilities. https://lnkd.in/gxMG39KJ

OCV is proud to announce the launch of our newest portfolio company, Grapes Studio Inc., a no-code editor built on the open-source framework GrapesJS. Led by GrapesJS creator, Artur Arseniev, Grapes Studio will build on the GrapesJS open-source core to create a SaaS application for the popular framework. In addition to Grapes Studio, Artur plans to build Studio SDK, an embeddable version of Grapes Studio. Both are multi-purpose editors that bring all web-related needs into a single interface from website creation to newsletters, invoicing, and more. https://lnkd.in/gfMjQmyP

Glad to be on the Stretch Four Insights podcast talking about Mermaid Chart's recent seed round, venture studios, and the future of Mermaid. https://lnkd.in/gSKafKgk

We’re thrilled to announce our newest company Duplicati Inc led by Kenneth Skovhede! Duplicati is a fully encrypted backup client that runs anywhere. Since its inception nearly 15 years ago, Duplicati’s been focused on providing a zero-trust, open source backup solution that’s easy to use as well as platform and storage destination independent. Over 80 million backups were run by Duplicati in 2023 alone. https://lnkd.in/gUaXQUHT

Congratulations, Mermaid Chart! https://lnkd.in/gaGXqQVs

We’re proud to welcome Lucenia to our portfolio of open charter companies! Led by Nicholas Knize, Ph.D., Lucenia is a search and analytics engine that unifies existing cloud and self-hosted environments. Unlike current monolithic search engines, Lucenia utilizes independent stateless micro-functions that can flexibly scale based on real-time demand. Using serverless and autoscaling features, Lucenia aims to make it easy for businesses to extract meaningful data and insights without overpaying in cloud costs. Built as a true autoscale-as-you-need platform and incorporated as a public benefit company, Lucenia plans to release the majority of its features under an open source license and charge customers primarily based on scaling needs. https://lnkd.in/gUF3MZBr

Fundraising puts founders in front of tons of investors who have heard hundreds, if not thousands, of company pitches. Ideally, a founder is talking with experienced partners who have invested in multiple successful companies and know a thing or two about how to build a successful startup. So when they give feedback on why they passed, it's intuitive to want to listen. But don’t. Take the no, and ignore the why. https://lnkd.in/gcxafKKP

Early-stage open source startups have an advantage over non-open-source startups. Popular projects that grow quickly benefit from early product-market fit indications, a community of passionate people, and an existing user base to experiment with. A popular project will have growing usage indicating there’s a market need for the software, a core set of contributors who care deeply about improving the software, and an initial user base forming. Projects with these leading success indicators are in a great position to build a business and raise a seed round to start building commercial momentum. https://lnkd.in/gBHKbCnt

It’s a big day at @koor_tech as we’re officially launching! See how we’re helping businesses take back control over their data storage and management: https://lnkd.in/gQiVMKQ7

Startup founders are inclined to spend tons of money on in-person events when content marketing is a much more effective way to do early marketing.