Honest question from someone that knows nothing about valuations, does this seem kind of ridiculous? Aside from investors basically making this stuff up, is there any actual validity to a billion dollar valuation anymore? What would I look at (aside from %s) that would show me, someone that knows nothing about finance, that this company is this valuable? What is their actual revenue? I’m mostly curious to see how reality stacks up against hope and what the actual financial outcome of this would be outside of seeming like these companies are being dumped on the market for a big payout.
Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO
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Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO
#302its annualized revenue is growing at a rate of 143% year-to-year, with net retention of customer spending at 153%.
Net dollar retention is the metric anyone judging a SAAS business should be looking at. 153% is nearly the best I've ever seen - Twilio was 155%, Slack 140% at IPO[1], Sendgrid 115%, Mulesoft 117%[2]
[1] https://gopractice.io/blog/slack-ipo-reading-between-lines/
Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO
#303They seem to have achieved golden child status on HN, and from my experiences its hard to see why. Glad there's a non-Microsoft option, but I wish it were another whole setup. Support is non-existent, clunky CI infrastructure, barebones all over. They seem to just be good at reacting in public threads.
The excitement for gitlab on HN has always been a combination of “open source enthusiasm” and astroturfing. From personal experience, HN is filled with tire-kickers who will hug the crap out of any halfway-usable product that they can “migrate to” for free (and abandon said product as soon as a payment form appears). It’s a misleading signal. Even on this thread, you can count on one hand the number of commenters who…
The breakdown is probably close to the percentage of paying versus open source customers that we have.
We are working to better educate our users on the value that our paid version can offer, but it is very important for us to be good stewards of the open source community that has grown around the project. You can read more about our pricing strategy and stewardship here: https://about.gitlab.com/company/stewardship/#what-features-...
On the revenue side, Sid publicly shared an update recently: https://twitter.com/sytses/status/1156571842653478913?s=21
Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO
#304Related question. Is it possible to use Gitlab CI with a runner running on your own hardware to get unlimited CI time? I'd like to take a machine at my home and use it to run automated tests/etc, especially because some of the integration tests can be quite long (ie, chewing up CI minutes) . I thought this was possible, but after searching I was often confused. I imagine I'm using poor terms during my search. Thought…
Yep, we do this on GitLab.com - it’s one of the most well thought through systems I’ve worked with tbh. We use autoscaling EC2 spot instances for almost everything, incredibly cost efficient and unlimited.
Just curious how this works out for you? When I tried this, even when the spot bid was way above current price, it would often be stuck in a pending state since spot instances don't get created immediately. Do you get spot instances to be created immediately on demand somehow?
Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO
#305Earlier quoted context omitted.
The excitement for gitlab on HN has always been a combination of “open source enthusiasm” and astroturfing. From personal experience, HN is filled with tire-kickers who will hug the crap out of any halfway-usable product that they can “migrate to” for free (and abandon said product as soon as a payment form appears). It’s a misleading signal. Even on this thread, you can count on one hand the number of commenters who…
The breakdown is probably close to the percentage of paying versus open source customers that we have. We are working to better educate our users on the value that our paid version can offer, but it is very important for us to be good stewards of the open source community that has grown around the project. You can read more about our pricing strategy and stewardship here: https://about.gitlab.com/company/stewardship/…
please stop astroturfing.
Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO
#306Does anyone know why GitLab hasn't taken off so much amongst open source projects? I have no horse in the race (indeed, I'd love for there to be more variety in this space) but one of my jobs is to link to open source repos and I've just checked.. and the last one I linked to was in December 2018. In the niches I cover, almost no-one seems to actually using GitLab for their open source repos. Lest you think it's just…
> Does anyone know why GitLab hasn't taken off so much amongst open source projects? The marketing is pretty bad for one. Go to gitlab.com and you see a site that is mostly extolling the virtues of their commercial product and pricing. There is a "try gitlab for free" but it is aimed very much as a try-before-you-buy for businesses. That's all good and fine, but it is the polar opposite of how github went about acqui…
I recently started to ship around for hosting solutions and this showed me how much github is leeching off the openly visible projects. Everything is focussed on making projwcts and users as visible as possible. Site wide search, directories of hosted projects, free user account to get started as a contributor...
Extreme SEO for hosted public projects aerves as a marketing trojan hirse for their commercial offers. At the same time, the networking effect forces everybody to stay on github or massively lose visibility. The frustrating part is that most other hosters don't get that - especially none that support some actual VCSes instead of a glorified patch database manager.
If I could stomach writing all the web frontend and plumbing stuff for a hosting service and doing all the marketing, I'd try to start my own. I have harder and more interesting problems to solve, though.
Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO
#307Kudos to the team. While my current workspace is tied to GitHub, I will most certainly switch to Gitlab given the option to. Why? Only one reason: GitHub support is fucking horrible. It’s insanely bad, even for paying enterprise customers. Open a support ticket, you will get some superficial pointers to documentation, and then be completely ignored. Their Product team is the absolute worst too. There are so many thin…
> GitHub support is fucking horrible
When did the support started being bad? (I never used their support)
Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO
#308We use gitlab.com with drone CICD.
Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO
#309Kudos to the team. While my current workspace is tied to GitHub, I will most certainly switch to Gitlab given the option to. Why? Only one reason: GitHub support is fucking horrible. It’s insanely bad, even for paying enterprise customers. Open a support ticket, you will get some superficial pointers to documentation, and then be completely ignored. Their Product team is the absolute worst too. There are so many thin…
The few times I have contacted GitHub they have been stellar. Always replied very fast and generally quite helpful.
Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO
#310Kudos to the team. While my current workspace is tied to GitHub, I will most certainly switch to Gitlab given the option to. Why? Only one reason: GitHub support is fucking horrible. It’s insanely bad, even for paying enterprise customers. Open a support ticket, you will get some superficial pointers to documentation, and then be completely ignored. Their Product team is the absolute worst too. There are so many thin…
I don't know of anyone who uses Gitlab. We use Github at work, and I know several people who use Github at work. In terms of features, I can't think of anything that Github doesn't support. If something is missing, you can always find tools/services that integrate with Github. That said, I am quite surprized that Gitlab is growing so fast. I would be curious to know what is the source of most of their revenue. Are th…
That's the problem with these monocultures. People just assume that "well, everyone uses it, so it must be the best/have all the features".
As for what Gitlab has that Gitlab doesn't:
* Built-in CI/CD that's actually pretty decent (easy to configure, you can restart subtasks, you can use your own runners)
* An issue tracker that supports estimates & time tracking. There are "solutions" for github that work with external services, but they cost money, and have strange workflows.
* The ability to self-host without huge piles of money.
* A lot of features that I'm not currently interested in, but others would be, like k8s and serverless support.