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b'My guests this week are Jeremiah Lowin and Chetan Puttagunta. Jeremiah is the founder of\\xa0Prefect.io, an open-source software company where my family and I are investors, and Chetan is a partner at Benchmark Capital. Both are past guests and good friends. I asked them on to help the audience understand the open source software business model. I\\u2019ve been fascinated with this model in which companies give a huge chunk of their work and value away for free to a community of developers, and then make money by building additional tools, functionality, and services on top of their free and open platform. While this may strike you as a wonky discussion on a niche software topic, I think it is valuable for everyone because the ideas can be applied to more than just code. I view much of my own activity as open-sourcing investment research and knowledge. It is also important because much of the world\\u2019s technology is built on top of open source projects. I hope you learn something new about this emerging category. Please enjoy.\\n \\xa0\\n This episode of Invest Like The Best is sponsored by\\xa0Canalyst.\\xa0Canalyst\\xa0is the leading destination for public company data and analysis.\\xa0\\n If you\\u2019re a professional equity investor and haven\\u2019t talked to\\xa0Canalyst\\xa0recently, you should give them a shout. Learn more and try\\xa0Canalyst\\xa0for yourself at\\xa0canalyst.com/Patrick.\\xa0\\xa0\\n \\xa0\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club and new email newsletter called \\u201cInside the Episode\\u201d at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n \\xa0\\n Show Notes\\n (2:40) \\u2013 (First question) \\u2013 Originator business in open source software; Redhat\\n (5:51) \\u2013 Why open source is valuable in building a business\\n (7:40) \\u2013 Examples of the benefits of open source projects\\n (10:27) \\u2013 Open source business models that produce the best results\\n (17:04) \\u2013 Defensibility of open source companies\\n (25:02) \\u2013 Mentoring younger founders on using open-source\\n (30:54) \\u2013 The benefits of launching open-source\\n (36:41) \\u2013 Building a digital community\\n (41:31) \\u2013 Lessons from Open Source that can be applied to other businesses\\n (50:04) \\u2013 The opportunity sets available in the open source space\\n (53:33) \\u2013 Future of open source\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 (56:31) \\u2013 Tobi Lutke Podcast Episode\\n \\xa0\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club and new email newsletter called \\u201cInside the Episode\\u201d at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag'