Disrupting Open Source Sustainability

Providing funding to sustain open source projects is beyond the scope of modern day financial systems. Wide-scale solutions will need to be borderless, trust-less, and driven by technology - not human effort.

In short, Web 2.0 technology is incapable of providing a solution.

Transcript

1. #FUNDL | TruffleCon 2019 THIS IS NOT A TECHNICAL TALK
2. DISRUPTING OPEN SOURCE SUSTAINABILITY #FUNDL TruffleCon 2019
3. CO-FOUNDER OF GITCOIN & CODEFUND @coderberry eric@codefund.io codefund.io
4. AUGUST 1994 I was 17 years old
5. brother college far away
6. IBM Pentium i386
7. [Eric]: How's it going?
8. [Eric]: How's it going? [Mark]: ...
9. [Eric]: How's it going? [Mark]: What's up, dork?
10. [Eric]: How's it going? [Mark]: What's up, dork?
11. ELECTRICITY 1873 TELEPHONE 1876 RADIO 1897 TELEVISION 1926 PC 1975 MOBILE PHONE 1983 THE WEB 1991 IPHONE 2007 BITCOIN 2008 #FUNDL | TruffleCon 2019 DISRUPTIVE TECHNOLOGIES ETHEREUM 2015
13. ETHICAL ADS Enables passive, recurring revenue to maintainers, bloggers and builders all over the world BOUNTIES Collaborate and monetize your skills while working on Open Source projects through bounties. GRANTS Fast, easy & secure way to provide recurring token contributions to your favorite OSS maintainers. KUDOS Showing appreciation to another and showcase special skills
14. #FUNDL | TruffleCon 2019
15. #FUNDL | TruffleCon 2019 OSS open source software
16. 96% #FUNDL | TruffleCon 2019 of all application are built using open source
17. #FUNDL | TruffleCon 2019 57% of those applications code is from open source
19. #FUNDL | TruffleCon 2019 $387 B economic value of OSS
20. #FUNDL | TruffleCon 2019 1.75 billion ETH
21. #FUNDL | TruffleCon 2019 1.75 billion ETH
22. #FUNDL | TruffleCon 2019 1 - 2 truck factor for top open source projects
24. Popularity Happiness
25. IS THIS SUSTAINABLE? Key pieces of Open Source Software (OSS), of which many applications depend on, are often supported by small groups of individual contributors with no financial support or contractual obligation to do so. This has created a landscape in which the goodwill of a few can no longer sustain the increasing demands the ecosystem places on them. #FUNDL | TruffleCon 2019
27. #FUNDL | TruffleCon 2019 #FUNDOSS
29. CURRENT INITIATIVES IN PASSIVE FUNDING
30. #FUNDL | TruffleCon 2019
31. IMPACT FUNDING TRENDS FROM 2018 Disclaimer: I have no idea how to get this data, so I made it up #FUNDL | TruffleCon 2019 ADVERTISING SPONSORSHIPS & DONATIONS SERVICE LEVEL AGREEMENTS FOUNDATIONS
34. Jan Feb Mar Apr May Jun Jul $30,000 $20,000 $10,000 $0 Jan Feb Mar Apr May Jun Jul 400 300 200 100 0 Jan Feb Mar Apr May Jun Jul 125 100 75 50 25 0 CODEFUND IMPACT IN 2019 FUNDING INDIVIDUAL MAINTAINERS PUBLISHERS ADVERTISERS DISTRIBUTIONS #FUNDL | TruffleCon 2019
35. $132,000 2019 DISTRIBUTIONS PAID TO 80+ DEVELOPERS WORLDWIDE via ACH transfer, PayPal, TransferWise, Payoneer, and Crypto #FUNDL | TruffleCon 2019
36. $132,000 / 80 = $1,650 #FUNDL | TruffleCon 2019 Average Earnings per Developer
37. #FUNDL | TruffleCon 2019 $1,650 / 7 = $235/mo Average Earnings per Month
38. #FUNDL | TruffleCon 2019 $235 per month
39. #REALTALK #FUNDL | TruffleCon 2019
40. IMPACT DEVELOPER GROWTH TRENDS IN 2018 TruffleCon 2019 REPOSITORIES ON GITHUB IN 2018 OCTOVERSE.GITHUB.COM 96M+ #FUNDL | TruffleCon 2019
41. The Starfish Story One day, an old man was walking along a beach that was littered with thousands of starfish that had been washed ashore by the high tide. As he walked he came upon a young boy who was eagerly throwing the starfish back into the ocean, one by one. Puzzled, the man looked at the boy and asked what he was doing. Without looking up from his task, the boy simply replied, “I’m saving these starfish, Sir”. The old man chuckled aloud, “Son, there are thousands of starfish and only one of you. What difference can you make?” The boy picked up a starfish, gently tossed it into the water and turning to the man, said, “I made a difference to that one!” #FUNDL | TruffleCon 2019
42. WTF!?! I need funding too! I can't do this and work full time! GRR! I give up #FUNDL | TruffleCon 2019
43. MEET JON • 1,000 open source projects totaling 300M+ downloads per day • Took down Google for 3 hours by patching one project • Cannot afford to go to conferences #FUNDL | TruffleCon 2019 github.com/jonschlinkert
44. THE PROBLEM Providing funding to sustain open source projects is beyond the scope of modern day financial systems. Wide-scale solutions will need to be borderless, trustless, and driven by technology - not human effort. In short, Web 2.0 technology is incapable of providing a solution. #FUNDL | TruffleCon 2019 real
45. #FUNDL #FUNDL | TruffleCon 2019
46. #FUNDL The act of providing funding to open source maintainers and dApp builders using blockchain technology #FUNDL | TruffleCon 2019
47. Shacha. Yana ra Yakana ro futisha ta?
48. #FUNDL | TruffleCon 2019 We are here
49. #FUNDL | TruffleCon 2019 ?
50. ERIC BERRY CODEFUND / GITCOIN TWITTER / TELEGRAM @coderberry EMAIL ADDRESS eric@codefund.io PODCAST devchat.tv/sustain-our-software (launches Aug 6)