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Gitlab from YC to IPO

blog.ycombinator.com

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Re: Gitlab from YC to IPO

#211

Post by atonse »

ekianjo wrote: post #200
robinhood wrote: post #186

Earlier quoted context omitted.

Microsoft is the largest open source organization in the world today. What else do they need to do to gain some kind of trust? I love what they do with Github since the acquisition. VSCode is amazing. They've open source most of their programming language. Github is free for open source org and there are no limits to the CI usage. Trusting Gitlab more than Github is naive at this point. They are in the position of ne…

Largest open source organization based on what metrics ? They havent open up any of their bread making products.

Open sourcing .NET under an Apache license was a great move. And so was making it cross platform. I surely missed C# my first few years without it.

Open Source isn’t some weird religion where it only matters if you open source the stuff that makes you money.

Re: Gitlab from YC to IPO

#212

Post by Aeolun »

upheaval7276 wrote: post #104
pankajdoharey wrote: post #100

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.

It feels like at first, Gitlab was trying to build a few great features, which is how we got CI, but then they started instead to focus on breadth, and that’s how we got everything else that’s now in the product.

Re: Gitlab from YC to IPO

#213

Post by Aeolun »

systemvoltage wrote: post #127
secondaryacct wrote: post #95

Earlier quoted context omitted.

Dont worry, as a corporate user, it's a nightmare: it wont last.

It’s really bloated but it’s gonna live and get better over time. Gitlab feels super slow compared to GitHub but it also has more features. I’m personally extremely pro Source Hut but it’s not ready yet: https://sr.ht

Sourcehut will always be niche by definition.

Re: Gitlab from YC to IPO

#214

Post by redeux »

fredros wrote: post #148
pestaa wrote: post #98

Earlier quoted context omitted.

RedHat is not 100% open source either (although the differences are important).

I’d say it’s 99% open source. Do you have any significant example of non open source red hat software ?

Their OpenShift aaS offerings I would hazard to guess.

Re: Gitlab from YC to IPO

#215

Post by Aeolun »

gregmfoster wrote: post #203
debacle wrote: post #8

A paid user + big fan of gitlab. They exist in a strange valley between github and Atlassian where usability has remained high while also being featureful. Their kanban is 10% more functional than Trello, which is all our small team really needs, they give you everything and they don't nickel and dime you. The only feature I would like to see improved is their PR process. Seems a bit buggy with remotely large changes…

Neither GitHub nor GitLab quite hit the mark for me with regards to code review. Phabricator (RIP) was close IMO, with first class support for (1) seeing comments and code on one view and (2) supporting stacks which prevent mega changes. I've been working with some peers on a better code review tool since hearing about Phabricator shutting down: https://graphite.dev/ It syncs all data to GitHub while offering things…

Gif reactions in code review is something we want?

Re: Gitlab from YC to IPO

#216

Post by Aeolun »

vultour wrote: post #31
pid-1 wrote: post #18

Earlier quoted context omitted.

GitHub has stronger 'social' features and it's better for people who want to connect to other devs or build portfolios. GitLab is years ahead of GitHub for certain stuff (e.g. CI/CD) and IMO it has a better commercial offering for business. I use GitHub as my portfolio profile for free and GitLab in my $JOB. That's my opinion tho, I'm just a person who uses both.

GitHub's CI pipelines are behind GitLab? My lord, here I was thinking about moving to GitHub Enterprise when our subscription expires because everything in GitLab feels like an unfinished weekend project. Seems like nobody can get anywhere near the functionality of Jenkins.

> feels like an unfinished weekend project

Jenkins has felt like an unfinished weekend project for going on ten years now. It may once have been state of the art, but that was in a time when people barely knew what a xmlhttprequest was.

Re: Gitlab from YC to IPO

#217

Post by filmgirlcw »

NineStarPoint wrote: post #133
nabla9 wrote: post #75

Earlier quoted context omitted.

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)

Microsoft only paying 7.5 billion for GitHub definitely makes me less confident that GitLab is worth 10 billion. Much as I personally prefer GitLab, GitHub had a bigger customer base back then than GitLab has now. GitLab may be gaining market share, but it’s mostly eating Atlassian’s portion of the market and not GitHub’s. It’s plausible GitHub undervalued themself in the sale to Microsoft of course, so a careful loo…

GitHub wouldn’t sell for only $7.5b today though, it would probably be in the $25b or higher place. The explosion in valuations, especially in enterprise SaaS stuff over the last few years has been remarkable. I don’t know if that is sustainable or not, but in three years, the metrics have changed significantly.

Re: Gitlab from YC to IPO

#218

Post by Aeolun »

adduc wrote: post #178
exhaze wrote: post #42

Earlier quoted context omitted.

Have you read the GitLab S-1? They have great retention with larger companies. Can you substantiate any of your claims? (FYI I have no horse in this race, I evaluated GH vs GL recently and decided to stay on GH for now)

From their S-1: > We do not have an adequate history with our subscription or pricing models to accurately predict the long-term rate of customer subscription renewals or adoption, or the impact these renewals and adoption will have on our revenues or operating results. For context, GitLab recently axed their lowest priced plan and grandfathered in existing users at cheaper rates for the next year. Their retention ra…

To some extend, yes. On the other hand, they’re currently the only service where I can set up one VM, give it my AWS credentials, and have fully automated scaling.

The hoops you have to jump through in Github are absolutely unfun.

Re: Gitlab from YC to IPO

#219

Post by Aeolun »

user5994461 wrote: post #160
airstrike wrote: post #125

Earlier quoted context omitted.

Define "justified". For most purposes, the market looks at valuation on a relative basis¹. Their S-1 says GitLab generated revenues of $152 million in FY 2021 (ending Jan 31), up 87% from the year before². For the sake of argument, let's assume their growth rate slows down "slightly" to 50%. That's ~$230 million projected for FY 2022 At $10 billion, that implies a forward revenue multiple of ~43.5x, which does seem h…

How much of that revenue growth was driven by Gitlab more than quadrupling their price in the last two years? ($4 to $19 a month). They can't pull that trick again.

Who knows? $400/month/dev, here we come!

Re: Gitlab from YC to IPO

#220

Post by throwaway2037 »

GoblinSlayer wrote: post #177
shaan7 wrote: post #121

Earlier quoted context omitted.

I work for two clients (one of them is a huge German company) as a consultant who are both using GitLab simply because they can host it on their infrastructure. Makes it easier for them to satisfy internal security policies I guess.

What else would they use?

Atlassian Bitbucket for Git and TeamCity or Jenkins for build + deploy.
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