Earlier quoted context omitted.
Can you confirm if GitLab increased revenue 10x in 2018? A previous profile stated the revenue was $10M in 2017 ( https://www.forbes.com/sites/alejandrocremades/2019/07/21/he... ) and this article says it is now $100M. This is a phenomenal achievement, but the valuation ought to be more than $1B at that trajectory.
Do did not increase revenue by 10x in 2018. We more than doubled IACV (and hence revenue) in 2018.
GitLab – A $1B business where all employees work remotely
111–120 of 239 posts
Re: GitLab – A $1B business where all employees work remotely
#112The first half of the article doesn't even name the business. The name of the business, GitLab, is hidden in the second half of the article. This is an example of a publication optimizing blindly for Google Search Optimization where they want to improve "Time on site" and other data by keeping the readers on the page as long as possible. It's frustrating. Google's algorithm needs to be updated to make it smarter othe…
Forbes is really shit for a while now. They have become Ad spam heaven. Also a fun fact to share. We used to have an article on forbes linking back to our SAAS product which used to send us good traffic. Forbes funnily got into a similar business and guess what they did. They deleted the entire article lol. Granted they can do whatever they want with their articles but to me this was really shitty.
Re: GitLab – A $1B business where all employees work remotely
#113Earlier quoted context omitted.
Interesting, I calculated the salary in the country I am right now, and pay is way above local pay - which is good. I earn more tho with a different company working remotely, but they don't discriminate based on location. Equal amount of effort, means equal amount of pay in their view. My take aways from the blog post: "if everyone is paid the same role-based salary, the company would not be able to hire as many team…
If you don’t mind, which company do you work for, and how did you find them? Please feel free to respond by email. Thanks!
I can not name the company, also I am not technically an employee - I do remote contracting for them, but it is likely to be long term. I found them through my network, but I am getting emails with offers for UK recruiters on an (almost) weekly basis - so there is remote work out there. It requires a different mindset tho, and what helped me, is that I managed remote teams before - thus I kind of understand what the other side expects.
Re: GitLab – A $1B business where all employees work remotely
#114Would be interesting to know if they discriminate pay, according to where the person works from. Edit: Further down the page I saw: "Why they pay based on where team members live". That's petty.
There is nothing petty about it. Everyone does it, but GitLab is just more transparent about it. It is up to you whether you accept the compensation level or not, GitLab is far from a monopoly on labour demand
How do they handle a hire that lives in SF so he has to be paid the max who then moves somewhere else to drop his own cost of living?
Re: GitLab – A $1B business where all employees work remotely
#115GitLab the company exists because of HN https://news.ycombinator.com/item?id=4428278 Ask me anything.
What's your policy on employees' side projects? Let's say I want to work on a side project and one day hope to turn it into a business (and get into YC), do you allow me to retain intellectual property for the side project which is of course unrelated to my gitlab work?
Re: GitLab – A $1B business where all employees work remotely
#116The first half of the article doesn't even name the business. The name of the business, GitLab, is hidden in the second half of the article. This is an example of a publication optimizing blindly for Google Search Optimization where they want to improve "Time on site" and other data by keeping the readers on the page as long as possible. It's frustrating. Google's algorithm needs to be updated to make it smarter othe…
I noticed this when you google "name-of-movie post credit scene". Not a single result will instantly tell you if this movie has a scene after the credits. It will have a multiple paragraph review of the movie and your answer is hidden somewhere in there. All I want is a simple yes or no answer.
same for "name-of-movie streaming release date" will give you a lot of seo filled long articles that often just end with "we don't know"
Re: GitLab – A $1B business where all employees work remotely
#117Earlier quoted context omitted.
I noticed this when you google "name-of-movie post credit scene". Not a single result will instantly tell you if this movie has a scene after the credits. It will have a multiple paragraph review of the movie and your answer is hidden somewhere in there. All I want is a simple yes or no answer.
I found the main discussion threads on the /r/movies surbeddit the easiest way of finding if there's a post credit scene. The info is in the original post, so there's no need to read comments with potential spoilers. http://aftercredits.com is a pretty good source as well, but I checked it out after your comment and surprisingly it doesn't show in the top search results for " post credit scene".
More and more of my google searches are being appended by "reddit". Someone's asked it before and it takes half a second to load/skip for it. It's sad, but effective
Re: GitLab – A $1B business where all employees work remotely
#118Would be interesting to know if they discriminate pay, according to where the person works from. Edit: Further down the page I saw: "Why they pay based on where team members live". That's petty.
There is nothing petty about it. Everyone does it, but GitLab is just more transparent about it. It is up to you whether you accept the compensation level or not, GitLab is far from a monopoly on labour demand
Everyone does not do this. I work remote and get a fair market rate (for the value I add, not based on where I live). Unfortunately I couldn't apply to Gitlab last time I was in the market for work because their salaries are both lower in general and lowered even further due to geo adjustment.
I'm fully a fan and believer of remote work, but you need to pay your employees just like any other top tier company would. It's actually even more important as you really want the best people for remote work since they need to be excellent communicators and more self-directed than in-house employees.
Re: GitLab – A $1B business where all employees work remotely
#119Would be interesting to know if they discriminate pay, according to where the person works from. Edit: Further down the page I saw: "Why they pay based on where team members live". That's petty.
This has always bothered me about GitLab and has prevented me from applying for a job there. I want to work remotely so I can move around a lot, both for long-term travel and to check out different places to live. I don't have a home. If I'm hired from NYC and then I move to rural Montana, that's none of their business. So long as I have reliable Internet wherever I am, and can work the hours I need (I'm happy to adj…
> This has always bothered me about GitLab and has prevented me from applying for a job there.
That seems exceedingly silly to me. If they offer you pay you're happy with, what does it matter to you? As for your concerns about moving, then that would be a logical thing to ask about, just like discussing your remote working needs would be important with any other prospective employers. As it stands, fully remote employment opportunities are rare enough that it'd seem bothering to actually clarify details would be worthwhile if they otherwise seem like they might be a good fit.
> The whole thing smacks of socialism as well, and reminds me of the line from some Ayn Rand novel (not endorsing her): "from each according to his ability, to each according to his needs". Do they also plan to pay their employees based on their medical expenses and how many kids they have?
This, to me, is ridiculous. It smacks of a private company optimizing pay for what they can get away with in different locations, rather than paying based on the most expensive area they want to be able to hire in. The missing piece that distinguishes what they do from socialism is that there is no indication that Gitlab aims to pay out as much as possible of their revenue after other costs to employees vs. building shareholder value. As far as I'm aware Gitlab is not a workers coop.
The line was incidentally popularized by Karl Marx "Critique of the Gotha Programme" (1875), and variations of it in the socialist community and elsewhere long preceded the Critique. Arguably it originates in the Bible (Acts 4:32-35; describing the community of Christians in Jerusalem), but then early Christianity was in many ways a "proto-socialism" (and e.g. in Europe, things like public healthcare in most countries have come about thanks to interplay between Christian democrats and socialists, not due to socialists alone; Germany, in fact, got its first insurance system as Bismarck appealed to Christian morality to get support for a system designed to kill of support for the socialist groups he at the same time outlawed).
Ayn Rand borrowed it explicitly for one of her attacks on socialism, but missed the mark badly in that Marx in the Critique itself points out that "Right can never be higher than the economic structure of society and its cultural development conditioned thereby," or in other words, according to Marx a company in a capitalist economy can not successfully act as a socialist company - doing so is impossible because it needs to interact with and compete with capitalist companies on capitalist terms, which means the ability to optimize salaries and employment to minimize cost for example. So Ayn Rand concocted a scenario that Marx would have agreed with her was doomed to failure.
Re: GitLab – A $1B business where all employees work remotely
#120The first half of the article doesn't even name the business. The name of the business, GitLab, is hidden in the second half of the article. This is an example of a publication optimizing blindly for Google Search Optimization where they want to improve "Time on site" and other data by keeping the readers on the page as long as possible. It's frustrating. Google's algorithm needs to be updated to make it smarter othe…
The first sentence for me is "Sid Sijbrandij knows a thing or two about building, scaling and even walking away from companies. His current venture, GitLab, is doing over $100 million in revenue and is valued at over $1 billion."
Did they edit the article since you saw it?