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Jetbrains founders turn billionaires without VC help

bloomberg.com

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Re: Jetbrains founders turn billionaires without VC help

#31

Post by marcinzm »

mcv wrote: post #22
marcinzm wrote: post #12

Earlier quoted context omitted.

Based on Wikipedia it was founded in the Czech Republic by three Russians in 2000 which makes it a Czech company just as much as Tesla is an American company (rather than South African). edit: Fixed founding date, coffee hasn't kicked in yet

They weren't founded in 2010, but in 2000. I was a bit confused for a moment, because I distinctly remember using either IntelliJ or RubyMine in 2008. I had no idea they were a Czech company with Russian founders though. Good to hear not everything comes from SV.

Ooops, fixed, thanks.

Re: Jetbrains founders turn billionaires without VC help

#33

Post by hasa »

xwdv wrote: post #4

I don’t get it though, why not just go public now and get tons of money? The IPO may never fetch as high of a price as it would now, even if the company gets more valuable in the future.

Why would anybody need tons of money? They have a working company, happy customers and perhaps happy enough employees too. And I'm sure they have salary big enough to pay the rent... and drive a Porsche if they want to.

Re: Jetbrains founders turn billionaires without VC help

#34

Post by mcv »

xwdv wrote: post #4

I don’t get it though, why not just go public now and get tons of money? The IPO may never fetch as high of a price as it would now, even if the company gets more valuable in the future.

The cool part is, they don't need to. The founders are in control, not the VCs or other investors, so the company isn't obliged to put generating money over all other concerns. And being billionaires, the founders are probably doing fine. They'd apparently prefer to keep the good thing they've got going than to ruin it by selling it off.

There's more in life than getting even more money.

Re: Jetbrains founders turn billionaires without VC help

#36

Post by bonoboTP »

PyCharm is a no-nonsense, straightforward IDE, that's a pleasure to use. They somehow manage to avoid annoying feature bloat and crapware. No nagging, no bullshit, they are actually creating features that improve workflows instead of features to tick boxes on corporate purchasing department meeting room flipcharts or buzzword bingo. Remarkable and I really hope they don't get bought-and-killed by one of the giants. Or VCs wanting to "make it more $marketing_buzzword".

I've used NetBeans, Eclipse, Visual Studio, QtCreator etc. over the years and always used to pull my hair out over the mess. JetBrains IDEs are way ahead in UX, usability and working day-to-day, minute-to-minute. Nothing flashy, nothing overly marketed, just rock solid and great value.

Free educational license, no-brainer update management with the JetBrains toolbox, everything fits, doesn't demand attention to itself and lets you concentrate on the work.

Re: Jetbrains founders turn billionaires without VC help

#37

Post by avh02 »

asdojasdosadsa wrote: post #32

A year using IntelliJ for React/Node and still trying to find my way around the IDE (IntelliJ). It seems powerful as is, but I feel like I'm not using it to the full extent Any tips?

My personal way of learning about any IDE/etc is when i see something interesting in the options/settings/shortcuts or if i accidentally do something odd i think "huh, what is that?" - i try it, and if i like what it does, i try to remember it for next time.

one at a time you build up an insane amount of muscle memory. you can't memorize all the things. it's also one of the reasons i use eclipse shortcuts in pycharms (don't want to rewire muscle memory)

edit: this is ~5 years in to pycharms and i still occasionally learn new things.

Re: Jetbrains founders turn billionaires without VC help

#38

Post by pavel_lishin »

asdojasdosadsa wrote: post #32

A year using IntelliJ for React/Node and still trying to find my way around the IDE (IntelliJ). It seems powerful as is, but I feel like I'm not using it to the full extent Any tips?

I feel this way about just about every IDE and editor I've ever used.

Re: Jetbrains founders turn billionaires without VC help

#40

Post by jansan »

xwdv wrote: post #4

I don’t get it though, why not just go public now and get tons of money? The IPO may never fetch as high of a price as it would now, even if the company gets more valuable in the future.

Did you read the headline? They are BILLIONAIRES. For some people that is enough money and they focus on different values.
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