Merit System
@meritsystem
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.
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Merit System
@meritsystem
If Open Source is going to lead us through an era of commodity silicon intelligence where 10x engineers become 1000x engineers, it's through humanity's most successful tool for society-wide abundance: capitalism. We need freer markets for software. Today there is immense friction between supply and demand for software. Walled gardens with extractive app stores, profit deserts created by Big Tech monopolies, and legal structures written in the 19th century stand in our path. Merit Systems is building tools to remove the friction of monetizing Open Source. We'll lay the rails for attribution so builders own the fruits of their labor. We're refining the factory for innovation and creating systems to focus the world's best minds towards humanity's biggest challenges. Read our manifesto here. Join the waitlist to get early access (use Github!) www.merit.systems/manifesto Our seed round was led by @a16zcrypto and Blockchain Capital with participation from Farcaster's very own @dwr.eth and others
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