E188: Building (And Spinning Out) Open Source Projects With Informal Systems

E188: Building (And Spinning Out) Open Source Projects With Informal Systems

Author: Robby (MTF); Tim (Essence VC) January 10, 2026 Duration: 37:48

In our latest episode, co-hosts Robby and Tim talk with Zarko Milosevic (CTO) & Arianne Flemming (COO) of Informal Systems. They've built a protocol design & cross-chain infrastructure platform to foster trust in software and money.

This episode explores how open source infrastructure and security drive company-building in high-stakes financial software. Using Malachite - a consensus engine built for a customer and later acquired by Circle - as an example, the conversation highlights how verifiability and reliability are core to the team’s approach.

Informal operates in a unique way. They have core products and ones that are spun out. Projects emerge organically from real user needs and are either kept in the core or spun out as independent companies, often as open source software with services. With a worker-owned structure and roots in crypto, the organization focuses on building trustworthy financial and software infrastructure while staying flexible through spin-outs and acquisitions.


Building a company around open source software is a unique and often misunderstood path, full of specific challenges and rare opportunities. The Open Source Startup Podcast digs into that journey directly with the people who have navigated it, moving beyond theory to the practical realities shared in conversation. Hosts Robby and Tim bring their distinct perspectives from MTF and Essence VC to these discussions, creating a space where founders speak candidly. You’ll hear from the architects behind names like HashiCorp, MongoDB, and Vercel, as well as leaders from Chronosphere, DBT, and mobile.dev, as they unpack their experiences. This podcast focuses on the pivotal decisions around community building, monetization strategies, and maintaining project ethos under the pressures of scaling a business. Each episode serves as a detailed case study, revealing how these companies turned publicly available code into sustainable, impactful enterprises. The dialogue naturally explores the tensions between open collaboration and commercial needs, offering a real-world blueprint that is both instructive and nuanced. For anyone curious about the intersection of community-driven development and venture-scale growth, this series provides an essential and unfiltered resource.
Author: Language: English Episodes: 100

Open Source Startup Podcast
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