Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO • Hacker News Board

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#21

Post by jacquesm » Tue, Sep 17, 2019, 2:19 PM UTC

ocdtrekkie wrote: post #5

sieabahlpark wrote: post #2

I don't see how it's worth that much unless their plan is to strip all features from gitlab community or expect a Google acquisition.

I mean, with GitHub's price being 7.5 billion, it's not outrageous as one of their leading competitors. I also was feeling like a Google acquisition wasn't impossible, they did move their entire platform to Google Cloud recently. Microsoft and Google seem on pretty good terms lately, but right now, a lot of Google's public projects are posted on a Microsoft code hosting platform. I could see a day where Google says t…

I'd love for Gitlab to stay independent. Of course that is risky and who am I to deny the founders a billion dollar windfall but I feel that such critical resources should not be acquired by the likes of Google, Amazon or Microsoft who already have much more power than they should have.

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#22

Post by arunc » Tue, Sep 17, 2019, 2:19 PM UTC

ocdtrekkie wrote: post #5

sieabahlpark wrote: post #2

I don't see how it's worth that much unless their plan is to strip all features from gitlab community or expect a Google acquisition.

I mean, with GitHub's price being 7.5 billion, it's not outrageous as one of their leading competitors. I also was feeling like a Google acquisition wasn't impossible, they did move their entire platform to Google Cloud recently. Microsoft and Google seem on pretty good terms lately, but right now, a lot of Google's public projects are posted on a Microsoft code hosting platform. I could see a day where Google says t…

> a lot of Google's public projects are posted on a Microsoft code hosting platform

Curious to know what that platform is.

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#23

Post by [deleted] » Tue, Sep 17, 2019, 2:20 PM UTC

dpflan wrote: post #6

I am curious how the Gitlab is so valuable. I've never used the service, but HN posts keep me informed superficially. Could someone explain the valuation?

[deleted]

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#24

Post by sstangl » Tue, Sep 17, 2019, 2:20 PM UTC

cj wrote: post #3

Question to current Gitlab users: Why do you use Gitlab instead of Github? What are the killer features that make it worth switching to?

We switched to Zulip because of a bad experience with Slack holding our message history hostage. At the same time we switched to GitLab because we didn't want a similar issue to arise with our issue tracker.

It was non-trivial to get the issues out of GitHub, and we lost metadata in the process. But now we're on a platform that has an "Export Everything" button, and in the worst case we can self-host our own data.

Although that's why we moved, and we didn't know about it at the time, "Service Desk" became a killer feature. That lets users file issues directly into our GitLab issue tracker by sending an email -- no account setup necessary. The majority of our users are non-technical and this has made it much easier for them to communicate with us.

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#25

Post by willis936 » Tue, Sep 17, 2019, 2:20 PM UTC

trumbitta2 wrote: post #12

cj wrote: post #3

Question to current Gitlab users: Why do you use Gitlab instead of Github? What are the killer features that make it worth switching to?

The "Create merge request" (from issue) button. It creates a new branch, with a smart name like 123-my-issue-title, and a new "pull request" for that issue and branch.

This sounds similar to Atlassian’s Jira/Bitbucket integration without the jira.

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#26

Post by ocdtrekkie » Tue, Sep 17, 2019, 2:20 PM UTC

ianlevesque wrote: post #13

ocdtrekkie wrote: post #5

Earlier quoted context omitted.

I mean, with GitHub's price being 7.5 billion, it's not outrageous as one of their leading competitors. I also was feeling like a Google acquisition wasn't impossible, they did move their entire platform to Google Cloud recently. Microsoft and Google seem on pretty good terms lately, but right now, a lot of Google's public projects are posted on a Microsoft code hosting platform. I could see a day where Google says t…

Why would they do that after shutting down Google Code?

Google Code wasn't modern/competitive, seemingly had nobody working on it internally, didn't have a business model of any kind, etc.

Why launch a new messaging service after shuttering... like ten of them? Just because a company shuts down a product doesn't mean they'll never want to have a product in that category again. Especially a company known for regularly having multiple overlapping products.

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#27

Post by dcchambers » Tue, Sep 17, 2019, 2:20 PM UTC

Does Gitlab release user statistics? I am curious to know how many active users they have.

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#28

Post by umeshunni » Tue, Sep 17, 2019, 2:21 PM UTC

arunc wrote: post #22

ocdtrekkie wrote: post #5

Earlier quoted context omitted.

I mean, with GitHub's price being 7.5 billion, it's not outrageous as one of their leading competitors. I also was feeling like a Google acquisition wasn't impossible, they did move their entire platform to Google Cloud recently. Microsoft and Google seem on pretty good terms lately, but right now, a lot of Google's public projects are posted on a Microsoft code hosting platform. I could see a day where Google says t…

> a lot of Google's public projects are posted on a Microsoft code hosting platform Curious to know what that platform is.

GitHub

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#29

Post by mcintyre1994 » Tue, Sep 17, 2019, 2:22 PM UTC

arunc wrote: post #22

ocdtrekkie wrote: post #5

Earlier quoted context omitted.

I mean, with GitHub's price being 7.5 billion, it's not outrageous as one of their leading competitors. I also was feeling like a Google acquisition wasn't impossible, they did move their entire platform to Google Cloud recently. Microsoft and Google seem on pretty good terms lately, but right now, a lot of Google's public projects are posted on a Microsoft code hosting platform. I could see a day where Google says t…

> a lot of Google's public projects are posted on a Microsoft code hosting platform Curious to know what that platform is.

Github?

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#30

Post by i_cant_speel » Tue, Sep 17, 2019, 2:23 PM UTC

jacquesm wrote: post #21

ocdtrekkie wrote: post #5

Earlier quoted context omitted.

I mean, with GitHub's price being 7.5 billion, it's not outrageous as one of their leading competitors. I also was feeling like a Google acquisition wasn't impossible, they did move their entire platform to Google Cloud recently. Microsoft and Google seem on pretty good terms lately, but right now, a lot of Google's public projects are posted on a Microsoft code hosting platform. I could see a day where Google says t…

I'd love for Gitlab to stay independent. Of course that is risky and who am I to deny the founders a billion dollar windfall but I feel that such critical resources should not be acquired by the likes of Google, Amazon or Microsoft who already have much more power than they should have.

Unfortunately, the fact that you feel that way is exactly why it's a good decision for Google or Amazon to buy them.