M12 Ventures for GitHub - Investee Relationship Building

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Context

We’re delighted to highlight the first startup that has received our first investment out of the M12 GitHub Fund. Congratulations to CodeSee, an open source platform that enables developer teams to visually understand their codebases. Codesee is equipping developers with the best tools to unleash their capabilities and productivity and is shaping the way software developers work on their world-changing projects. This is central to why the M12 GitHub Fund was founded.

Source.

I looked up the founders, CEO, CTO and I was inspired for a new idea: we should try and develop relationships with M12 investees. We can probably get introductions and advice through them.

Investees

ByteWax
Python framework that enables you to build streaming data pipelines and real-time apps.

CodeSee
Cloud-based code visualization software that allows you to visualize, review, automate, and collaborate on your code.

Guardrails
Open source Python package for specifying structure and type and validating and correcting the outputs of large language models (LLMs).

Mermaid Chart
Text-based diagramming and charting tool that enables you to create and modify diagrams dynamically, built on top of the open source tool, Mermaid.

Nixtla
Open source library for building time series forecasting models and a proprietary time series LLM.

Novu
Open source notification infrastructure platform that provides a single API to manage all communication channels from one place.

Rubbrband
Provides a Python API to automatically evaluate AI-generated images from Stable Diffusion, SDXL, Midjourney, or DALLE-3.

OpenSauced
A platform that identifies the best developers and engineers by their code contributions and trending open source projects.

Tooljet
Low-code platform for building business applications using a drag-and-drop application builder.

Unify AI
Open source tool that unifies ML framework, infrastructure, hardware, and libraries to maximize the portability of ML codebases with one line of code.

• GitHub Source.
• M12 Source.

Additional Thoughts

Slightly off topic but I'm more bullish on working with M12 because they seemingly recently added web3. Looks like we hit 66% of all their investment criteria. And then of course they made their dedicated GitHub fund which we also hit (so now 72%) its quite close to a perfect match.

• AI
• Cloud infrastructure
• Cybersecurity
• Developer tools
• Vertical SaaS
• Web3 + gaming¹

We could expect to get up to a $1M USD check from them, but unfortunately they don't generally lead rounds according to the GitHub source FAQ

Is the investment dilutive?
It is an equity investment. We typically do not lead investment rounds. For non-dilutive funding, please check out GitHub Accelerator or GitHub Sponsors.

Footnotes

1. A funny name for an "AI + Blockchain" investee: https://fortune.com/crypto/2024/08/27/exclusive-microsoft-space-and-time-framework-lightspeed-arrington-ai-crypto/ ↩