# Fundraising and M&A for Open Source Companies with Daniel Jarjoura Page: https://stenobird.com/podcast/the-business-of-open-source-1246517/fundraising-and-m-a-for-open-source-companies-with-daniel-jarjoura Text version: https://stenobird.com/podcast/the-business-of-open-source-1246517/fundraising-and-m-a-for-open-source-companies-with-daniel-jarjoura.md Podcast: [The Business of Open Source](https://stenobird.com/podcast/the-business-of-open-source-1246517) Published: 2025-03-19T10:31:22+00:00 Episode link: https://share.transistor.fm/s/4924364f Audio file: https://dts.podtrac.com/redirect.mp3/media.transistor.fm/4924364f/9c34ec60.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-business-of-open-source-1246517/episodes/fundraising-and-m-a-for-open-source-companies-with-daniel-jarjoura Duration seconds: 2582 ## Resource This week on the Business of Open Source I spoke with Daniel Jarjoura , an investor at Avolta who specializes in developer-facing companies, and who writes a newsletter on developer-facing startups and also collects data on investments in open source companies. We spoke about the overall state of investment for open source companies and specifically the state of investment in open source companies in Europe. Here’s what we talked about: Differences between venture funding for OSS companies in Europe and in NA How open source companies were relatively stable in terms of getting venture funding, even as the entire venture funding ecosystem was in free-fall. How it might be true that European investors don’t understand open source companies, but on the other hand plenty of North American investors invest in European companies. Do developers trust open core companies? We had a discussion about whether or not open source companies have a trust problem… How important communication is for open source companies, something that I think is very true — a lot of the problems that open source companies run into when they either adopt an open core model or even when they do a license change. How founders can do a better job communicating with their VCs, including how to do a better job targeting appropriate investors. What do optimizing for in the VC relationship … and spoiler alert, that is for money. You might want a perfect VC who can make introductions, give you advice, give you money, be nice, etc. But the most important thing is the cash; focus on that. The second most important is the introductions. But advice isn’t something you should count on from VCs, and that really isn’t a VCs job, anyway. We finished the conversation with a discussion about M&A for open source comp… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-business-of-open-source-1246517/episodes/fundraising-and-m-a-for-open-source-companies-with-daniel-jarjoura/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-business-of-open-source-1246517/fundraising-and-m-a-for-open-source-companies-with-daniel-jarjoura.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.