Chetan Puttagunta and Jeremiah Lowin – Open Source Crash Course - [Invest Like the Best, EP.188]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Technology, Business, Investing

4.7 • 2.5K Ratings

🗓️ 25 August 2020

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guests this week are Jeremiah Lowin and Chetan Puttagunta. Jeremiah is the founder of Prefect.io, an open-source software company where my family and I are investors, and Chetan is a partner at Benchmark Capital. Both are past guests and good friends. I asked them on to help the audience understand the open source software business model. I’ve been fascinated with this model in which companies give a huge chunk of their work and value away for free to a community of developers, and then make money by building additional tools, functionality, and services on top of their free and open platform. While this may strike you as a wonky discussion on a niche software topic, I think it is valuable for everyone because the ideas can be applied to more than just code. I view much of my own activity as open-sourcing investment research and knowledge. It is also important because much of the world’s technology is built on top of open source projects. I hope you learn something new about this emerging category. Please enjoy. This episode of Invest Like The Best is sponsored by Canalyst. Canalyst is the leading destination for public company data and analysis. If you’re a professional equity investor and haven’t talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com/Patrick. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Show Notes (2:40) – (First question) – Originator business in open source software; Redhat (5:51) – Why open source is valuable in building a business (7:40) – Examples of the benefits of open source projects (10:27) – Open source business models that produce the best results (17:04) – Defensibility of open source companies (25:02) – Mentoring younger founders on using open-source (30:54) – The benefits of launching open-source (36:41) – Building a digital community (41:31) – Lessons from Open Source that can be applied to other businesses (50:04) – The opportunity sets available in the open source space (53:33) – Future of open source (56:31) – Tobi Lutke Podcast Episode Learn More For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag

Transcript

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0:00.0	This episode is sponsored by Cannellist.
0:02.1	Cannellist is the leading destination for public company data and analysis.
0:06.4	I'd heard of Cannellist over the past few years and became more interested
0:09.5	after meeting the founder and CEO last year to pick his brain about SaaS businesses.
0:14.2	Founded by a former Bicide analyst who encountered friction in sourcing, building, and updating models,
0:19.6	Cannellist is now used by over 300 institutions, including the largest money managers in North America
0:24.9	and by a number of guests on the show.
0:27.2	With detailed company-specific models on over 4,000 public companies,
0:31.2	Cannellist platform lets analysts update their own models in seconds,
0:34.7	complete with KPIs and segment data, adjustments, and restatements.
0:38.4	Everything you want and expect in your own models on virtually every investable public equity.
0:43.4	If you're a professional equity investor and haven't talked to Cannellist recently,
0:46.8	you should give them a shout.
0:48.3	Learn more and try for yourself at cannellist.com slash patrick.
0:52.3	That's c-a-n-a-l-y-s-t dot com slash patrick.
0:57.8	Hello and welcome everyone.
1:02.1	I'm patrick ochanisie and this is Invest Like The Best.
1:05.2	This show is an open-ended exploration of markets, ideas,
1:08.6	methods, stories, and of strategies that will help you better invest both your time and your money.
1:13.8	You can learn more and stay up to date at investorfieldguide.com.
1:21.1	Patrick ochanisie is the CEO of ochanisie asset management.
1:25.0	All opinions expressed by patrick and podcast guests are solely their own opinions
	...

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