Github Raises $100 Million • Hacker News Board

Re: Github Raises $100 Million

#41

Post by JonnieCache » Mon, Jul 09, 2012, 9:22 PM UTC

yuvadam wrote: post #21

I hate to crash the party, but this is a very odd move for an awesome company and a service that I use and Github has always been against taking money. Actually, TPW has used some very harsh words criticizing startups that choose to take VC money. Now, Github raises 100 gazillion dollars? How the f*ck do they plan on spending that wisely? Sure, it's nice to have that sum in the bank. But, in all honesty, someone has…

The person who figures out how to get movie/music studios and the like to use version control is going to be very, very rich.

Re: Github Raises $100 Million

#42

Post by alttab » Mon, Jul 09, 2012, 9:23 PM UTC

anon808 wrote: post #37

swombat wrote: post #19

WTF? Why? What for? What are they planning to do with so much money?

"Because we want to be better. We want to build the best products. We want to solve harder problems. We want to make life easier for more people. The experience and resources of Andreessen Horowitz can help us do that." I guess they didn't think they were able to build the best products without outside investors. goes without saying, I hope it doesn't change github for the worse; eventhough history has plenty of coun…

The minute they change my e-mail address to @github.com I'm setting the world on fire.

Re: Github Raises $100 Million

#43

Post by w1ntermute » Mon, Jul 09, 2012, 9:24 PM UTC

maxko87 wrote: post #2

Can't read the full article without an account. Try this: http://gigaom.com/2012/07/09/github-finally-raises-funding-1...

Screenshot of WSJ article: http://i.imgur.com/jfZLu.png

Re: Github Raises $100 Million

#44

Post by zmanji » Mon, Jul 09, 2012, 9:25 PM UTC

richardv wrote: post #10

I got five words into that article and hit back to find a different source. > "Little-known social coding start-up GitHub..." Really? The Gigaom is a much better read. http://gigaom.com/2012/07/09/github-finally-raises-funding-1...

Consider the audience of the WSJ. I doubt Github is known to more than 5% of the WJS audience.

Re: Github Raises $100 Million

#45

Post by zxtang » Mon, Jul 09, 2012, 9:25 PM UTC

maxko87 wrote: post #2

Can't read the full article without an account. Try this: http://gigaom.com/2012/07/09/github-finally-raises-funding-1...

You can use Google's cache of the page: http://webcache.googleusercontent.com/search?q=cache:http://...

Clicking on the current page link should still allow you to read the page too, at least it works for me.

Re: Github Raises $100 Million

#46

Post by cdrxndr » Mon, Jul 09, 2012, 9:25 PM UTC

mrkmcknz wrote: post #5

"Little-known social coding start-up". Got to love the WSJ.

A small, social coding startup that hosts the Linux kernel source tree. And has a cute logo.

Re: Github Raises $100 Million

#47

Post by cschmidt » Mon, Jul 09, 2012, 9:27 PM UTC

Their RSS feed has new hires almost every day. I suppose they need to pay all those hires. I wonder why they need quite so many people.

Re: Github Raises $100 Million

#48

Post by nirvana » Mon, Jul 09, 2012, 9:28 PM UTC

Damn, github seemed like the perfect model for bootstrapped, they were growing like a weed, seemed to not lack for money from income, etc.

In these situations, I'd really love to know the details-- did they go shopping for investment (love to see that deck!) or did A19Z pursue them and talk them into it?

Probably perfect timing, too, because I think things are going to cool down in 2013.

Anyway, couldn't happen to a nicer company, but I do lament the loss of a bootstrapped example to point to.

FWIW, can't read the wsj article because it is already behind the paywall.

Re: Github Raises $100 Million

#49

Post by mibbitier » Mon, Jul 09, 2012, 9:28 PM UTC

yuvadam wrote: post #21

I hate to crash the party, but this is a very odd move for an awesome company and a service that I use and Github has always been against taking money. Actually, TPW has used some very harsh words criticizing startups that choose to take VC money. Now, Github raises 100 gazillion dollars? How the f*ck do they plan on spending that wisely? Sure, it's nice to have that sum in the bank. But, in all honesty, someone has…

Probably makes it easier for them to sell the company to bigco for $1bn.

Re: Github Raises $100 Million

#50

Post by danielharan » Mon, Jul 09, 2012, 9:29 PM UTC

yan wrote: post #33

leftnode wrote: post #12

https://github.com/blog/1189-investing-in-github Straight from them. Congratulations on building such a great business.

I love GitHub, but anyone else felt it was a little immodest for TPW to say they'd "hire Marc" if they could? Can't put it into words, but I don't feel that Tom is in the position to make that statement.

Really, "We wish we could hire them both" irks you?

Sounds to me like a great heuristic for whether a person would be a good investor.