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.

tech vs. absurd – you're not real – /sauce – /cto - /addresso

Yeah we don't plan to go down the liquid governance path. 

I'm glad the space ran the experiment but it's time for more direct funding mechanisms to the builders.

signed up because open-source is 90% of most stacks and still scuffed at.

curious to see where this leads. 

it’s different than what some DAOs try, right? Gitcoin et al

investor at collab+currency, curation at fingerprintsdao, @aradtski on birdsite

we’re going to start with OS ecosystem that are well funded but centralized, show strong ROI and expand. stay tuned

any word on how the distributed money is sourced? that’s the most pressing question regarding any attempt to fund OSS at scale