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Gitlab from YC to IPO

blog.ycombinator.com

101–110 of 258 posts

Re: Gitlab from YC to IPO

#102
post #75

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.

Microsoft paid $7.5 billion for GitHub in 2018. GitLab being ~$10B 4 year later seems like similar ballbark. There is always the possibility of acquisition in the future. (EDIT: had names reversed)

how many users did github have at the time vs gitlab now?

Re: Gitlab from YC to IPO

#104

Earlier quoted context omitted.

Is Gitlab 100% open source?

Opensource isnt such a problem the software should be great, i fail to see how Gitlab is better than Github.

Gitlab always felt like a set of checkboxes to appease non-technical managers. In my experience, most features are half-baked. Even the code review/MR experience is frustrating compared to GitHub. The UX for security scans is _really_ rough.

Re: Gitlab from YC to IPO

#105

Earlier quoted context omitted.

Is Gitlab 100% open source?

Opensource isnt such a problem the software should be great, i fail to see how Gitlab is better than Github.

GitHub is Microsoft now.

Not going to lie, simply keeping my code away from MS is a good enough use case.

Re: Gitlab from YC to IPO

#106

Earlier quoted context omitted.

If they were paying more than an IPO value they probably would buy already ...

Gitlab doesn't want to sell

GitLab Just (partially) sold.

However: If they don't want to (fully) sell basing the price on a value someone else might eventually pay for a (full) acquisition doesn't make much sense. (Unless you assume they revise the decision, but then the argument about not selling is moot again)

Re: Gitlab from YC to IPO

#107

Earlier quoted context omitted.

Opensource isnt such a problem the software should be great, i fail to see how Gitlab is better than Github.

Gitlab always felt like a set of checkboxes to appease non-technical managers. In my experience, most features are half-baked. Even the code review/MR experience is frustrating compared to GitHub. The UX for security scans is _really_ rough.

GitLab's integrated CI came before GitHub actions and was super helpful.

Re: Gitlab from YC to IPO

#108
post #80

I'll admit that I was wrong about GitLab. I had the chance to invest in them way back in the day, and passed. My thought at the time was that no open source company had ever been super successful except RedHat, which was more of an outlier than a pattern. And my other thought was that they are competing against GitHub, which was extremely popular and well funded. I honestly didn't think they stood a chance. I'm happy…

Is Gitlab 100% open source?

It's really "open core", but they use one code base, so commercial-licensed code is "available" but not under an open source license.

https://about.gitlab.com/handbook/marketing/strategic-market...

NOTE: I'm not associated with GitLab at all I just found the topic interesting. I don't know of many other projects that actually do things this way, with all the commercial licensed code mixed in with the open source code.

This was kind of an interesting speech I found searching around: https://www.heavybit.com/library/video/commercial-open-sourc...

Re: Gitlab from YC to IPO

#109

Earlier quoted context omitted.

Gitlab doesn't want to sell

GitLab Just (partially) sold. However: If they don't want to (fully) sell basing the price on a value someone else might eventually pay for a (full) acquisition doesn't make much sense. (Unless you assume they revise the decision, but then the argument about not selling is moot again)

Look at Facebook. Zuck has no interest in giving up full control to someone else, but he does want to be a public company.

Re: Gitlab from YC to IPO

#110

Earlier quoted context omitted.

Makes perfect sense to me. Because GL is open source, it can be easily self hosted, which is great for data residency compliance, or specialized security needs.

Self hosting is never easy. If you nerf the GitLab database by doing something unsupported or because of a bug, good luck with that. Source: an employer of mine nerfed the GitLab database and support to fix it was not an option, so we had to migrate to their cloud offering.

Self hosting GitLab = Run 1 single Docker Container. Very easy.
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