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Gitlab from YC to IPO

blog.ycombinator.com

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Re: Gitlab from YC to IPO

#51

Post by mcv »

jandeboevrie wrote: post #2

I worked with Sytse (as Sid used to be called) back in 2011/2012 in The Hague when he consulted at Digidentity, with Marin. Great guy back then, used to run around in a lab coat, the GitLAB guy. Wonderful to see what Gitlab has become, well done!

> Sytse (as Sid used to be called)

That explains a lot. I thought Sid was an unusual name for someone with that surname. But it makes business sense to use something more internationally pronounceable.

Re: Gitlab from YC to IPO

#52

Post by buryat »

alangibson wrote: post #30

Have any of the finance minded HN commenters decided if the $10B valuation is justified? I'm usually pretty negative about high valuations, but given their enterprise penetration, this one seems almost reasonable.

they have massive losses

https://www.sec.gov/Archives/edgar/data/0001653482/000162828...

Re: Gitlab from YC to IPO

#53

Post by sdflhasjd »

I really like Gitlab, and I wanted to move my team onto their hosted offering, but earlier this year they changed the pricing so abruptly and drastically that it just killed it as an option.

It just feels like it does too much, and unless you want to commit to having everyone using it for _everything_ the pricing doesn't seem to make sense.

Re: Gitlab from YC to IPO

#54

Post by alangibson »

isthis129283 wrote: post #48
alangibson wrote: post #30

Have any of the finance minded HN commenters decided if the $10B valuation is justified? I'm usually pretty negative about high valuations, but given their enterprise penetration, this one seems almost reasonable.

First 6 months of this year Gitlab took in $108M in revenue, and had $177M in expenses. Would you pay $10B to own a company that loses $10M/month, with the hopes they will continue to increase revenue in the future and become profitable?

Personally I'd buy an aircraft carrier if I had $10B. Nevertheless, there are plenty of people willing to put it in Gitlab or they wouldn't IPO. A better question might have been: what's the bull argument for Gitlab?

Re: Gitlab from YC to IPO

#55

Post by pixelmonkey »

FabioFleitas wrote: post #43

Gitlab's IPO would also mark the first ever 100% distributed company to IPO. Wild!

Elastic (NYSE: ESTC) was pretty much a fully distributed team upon IPO. They had offices, but they were more like "coworking cafes", where folks who happened to be in the same geographic area would meet up, or have social celebrations. At least, that's my understanding, tracking the company since its early days. On a recent podcast, Shay Banon described it as a fully distributed team of 2,000+ folks.[1] They IPO'ed in 2018.[2]

[1]: https://pca.st/kvgw4iz9

[2]: https://twitter.com/kimchy/status/1048595935088009216

Re: Gitlab from YC to IPO

#56

Post by elpakal »

Congrats to the team and I'm very thankful that there are alternatives to GitHub out there. Not that I don't like GitHub (I do) or use GitHub (every day), but lately it seems like they are sherlocking a whole lot of ideas from the OSS "marketplace" into their main product. That kind of irks me.

If GitLab were able to add something like GitHub Actions into their platform I would leave GH in a second.

Re: Gitlab from YC to IPO

#57

Post by ericpauley »

elpakal wrote: post #56

Congrats to the team and I'm very thankful that there are alternatives to GitHub out there. Not that I don't like GitHub (I do) or use GitHub (every day), but lately it seems like they are sherlocking a whole lot of ideas from the OSS "marketplace" into their main product. That kind of irks me. If GitLab were able to add something like GitHub Actions into their platform I would leave GH in a second.

GitLab has a very mature CI/CD framework that in many ways outshines Actions[1]. I use it regularly and definitely recommend it.

[1] https://about.gitlab.com/devops-tools/github-vs-gitlab/ci-mi...

Re: Gitlab from YC to IPO

#58

Post by snypox »

elpakal wrote: post #56

Congrats to the team and I'm very thankful that there are alternatives to GitHub out there. Not that I don't like GitHub (I do) or use GitHub (every day), but lately it seems like they are sherlocking a whole lot of ideas from the OSS "marketplace" into their main product. That kind of irks me. If GitLab were able to add something like GitHub Actions into their platform I would leave GH in a second.

Isn’t GitLabs whole premise is the CI/CD?

Re: Gitlab from YC to IPO

#60

Post by dadrian »

elpakal wrote: post #56

Congrats to the team and I'm very thankful that there are alternatives to GitHub out there. Not that I don't like GitHub (I do) or use GitHub (every day), but lately it seems like they are sherlocking a whole lot of ideas from the OSS "marketplace" into their main product. That kind of irks me. If GitLab were able to add something like GitHub Actions into their platform I would leave GH in a second.

GitLab CI is basically GitHub Actions, except easier to use.
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