Today we're coming out of stealth and announcing a $10M fundraise to accelerate Open Source Capitalism.

Open Source is civilization's greatest accomplishment. Where corporations fail to innovate as they scale, Open Source leads the frontier. 

All of the best technologies, from databases and web frameworks to cryptography and game engines, are created in the open.

Software with zero-cost replication allowed massive teams to collaborate on the same technical artifacts. Open Source permeated the barriers between corps and allowed humanity's greatest minds to work on shared technical foundations.

But funding Open Source has been a perennial challenge. Tragedy of the commons this, tragedy of the commons that. 

While we applaud the push to increase altruism directed at Open Source, banking on goodwill isn't our idea of a prosperous future.

@merit_systems is the vision I've had for crypto since I entered the space through UniswapV2 MEV back in 2021. 

Blockchains are good at settlement. The largest market for settlement is not memecoins but labor. The most productive category of labor is Open Source Software.

Very proud to unveil @meritsystems alongside @rfs @mason.

a16z crypto, prev engineer @ bloXroute labs, Consensys.
Creator of farcaster-py.
0xMasonH.twitter

A new economy for open source.

We are hiring talented engineers to build the future of software. Apply now!

https://merit.systems/careers

Founder & CEO at @meritsystems.

Prev @a16zcrypto. 

Did my time in big tech, since recovered.

that's awesome! congrats on launching @merit_systems! open source software definitely deserves more recognition and support. curious to see how this will impact the labor market in crypto and beyond. wishing you guys lots of success with this venture!