As the world grows more dependent on a shared open source software ecosystem, we all must consider who shares the responsibility of keeping that infrastructure healthy. In his 15 years at data science and technology company Two Sigma, as well as his service on the board of TS Ventures, Matt Greenwood has had to think deeply about how to most efficiently allocate capital to open source software (OSS) to best support the companies’ various lines of business. Matt shares four ways of engaging with open source—funding OSS startups, paying for OSS contractors through trusted consulting companies, hiring OSS engineers in-house, and building a consortium with committed stakeholders—covering the costs and benefits along with examples of Two Sigma’s experience with each. Matt focuses on the fourth point, highlighting how partnerships with real teeth, like his work with the nonprofit NumFOCUS, have been the most effective in terms of continuity, risk mitigation, and scalability.
Matt Greenwood is the chief innovation officer at Two Sigma Investments, where he has led company-wide efforts across both engineering and modeling teams. Matt oversees development of BeakerX, which extends the Jupyter Notebook to support to six languages, additional widgets, and one-click publication. Matt is also a board member and Venture Partner at Two Sigma Ventures and works closely with portfolio companies in both board membership and advisory capacities. Matt began his career at Bell Labs and later moved to IBM Research, where he was responsible for early efforts in tablet computing and distributed computing. Matt was also lead developer and manager at Entrisphere, where he helped create a product providing access equipment for broadband service providers. Matt holds a PhD in mathematics from Columbia University, where he taught for many years, as well as a BA and MA in math from Oxford University and an MA in theoretical physics from the Weizmann Institute of Science in Israel.
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