Open Source Endowment: Funding Open-Source Projects
Tech News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Open Source Endowment, a new nonprofit, aims to address the funding crisis for open-source software. With over $750,000 in pledges and a goal of $100 million in seven years, the endowment seeks to support critical projects that power up to 55% of company tech stacks. Backed by top open-source developers and a venture investor, the endowment plans to pick projects based on user base and dependencies, ensuring lasting independence through patient investing.
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