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As of January 2021, there are over 200 million repositories on Github, allowing developers to tap into the power of open source and avoid starting from scratch. However, with over 200 open source licenses available, choosing the right one can be a challenge. Half of these licenses are approved by the Open Source Initiative, adding to the complexity. In this video, the most commonly used open-source licenses such as MIT, Apache, MPL, and GPL are discussed. Permissive licenses like MIT, ISC, 2-Clause and 3-Clause BSD, and Apache 2 are popular choices, offering developers the freedom to use, modify, and distribute while allowing for proprietary derivative works.