Why and how we raised VC funding for an open-source project

The open-source movement gave us many of the software such as operating systems, browsers and databases. They hold a prominent place in the world that we are living in today. The internal projects of large companies such as Kubernetes, React, Angular and Tensorflow that was later open-sourced have become industry standards, adding to the momentum of the OSS movement. Traditionally the OSS companies used to make money by selling support and services. This free software and paid support approach were adopted by many companies including pioneers like Redhat and MySQL. Now the open-source software  (OSS) has started eating into the SaaS space. Many OSS projects now have a hosted solution.

The first commit to our GitHub repository was on April 1, 2021, and we made the repository public on June 7, 2021, and launched it on Hackernews.

The initial signs of product-community fit were seen when our GitHub repository got more than 1000 stars within 8 hours of HN launch. We have raised $1.55 million in funding within 2 weeks of the HN launch.

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