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Github Raises $100 Million

online.wsj.com

61–70 of 230 posts

Re: Github Raises $100 Million

#61
I have to imagine that a chunk of that money is to provide liquidity to the founders, which they very much deserve.

I don't really see how this is a bad thing. They were very much profitable, and were likely able to dictate the terms of the deal. Also, the money came from one of the most, if not THE most, reputable and respected VC firms.

Re: Github Raises $100 Million

#62
post #44

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.

It's still a misleading statement. GitHub is HUGE in the coding world. They should acknowledge that.

Re: Github Raises $100 Million

#63
post #3

2 months ago github was all "we don't need VC funding we're completely profitable"...

Did you not read the article? They want to expand, being profitable does not mean they have the revenue to expand as much as they'd like.

Sure they can be like any startup and get some nieve devs to join up with the whole "We're doing big things and can become huge, you can be a part of this, and be millionaires!". But they'd probably rather give their devs what their worth.

Re: Github Raises $100 Million

#64
post #31

Okay, a question: I have a github ( http://github.com/blhack -- nothing too interesting there), but only use it in the "free" way; saving my javascript stuff, and keeping track of some arduino projects. "Github" and "money" in the same thought here triggered me wondering about maybe buying a monthly plan from them, and letting them host all of my code for work, play, etc. (stuff I'm too embarrassed to release, ha) Ma…

Go with RepositoryHosting.com, 6 bucks a month and you can host 2GB worth of code, unlimited users, repos, git, svn and hg.

Also it backups to your S3 account.

Re: Github Raises $100 Million

#65
post #44

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.

I'd guess that less than 5% of programmers knows github and/or git.

Re: Github Raises $100 Million

#66
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.

I believe that this is the correct answer.

Re: Github Raises $100 Million

#67
post #26
post #7

What a great way to ruin a perfectly awesome company.

why would it ruin them? Given the valuation people are talking about, they sold less than 15% of the business - they'll probably retain enough control to do whatever they want with it and probably try new things... I personally know at least one company that has been profitable from the very beginning and took 3 rounds of VC already, always on the same terms: "we don't need your money, so we'll sell you a very small…

"with minimal risk"

is it possible the maximal risk they encountered when building github with their own cash helped make the great product github is today? history has shown time and time again if you give someone a long enough rope they will hang themselves, doesn't mean that's githubs fate of course, but they're certainly opening a door of influence that wasn't around through the initial building of a great product.

Re: Github Raises $100 Million

#68
post #31

Okay, a question: I have a github ( http://github.com/blhack -- nothing too interesting there), but only use it in the "free" way; saving my javascript stuff, and keeping track of some arduino projects. "Github" and "money" in the same thought here triggered me wondering about maybe buying a monthly plan from them, and letting them host all of my code for work, play, etc. (stuff I'm too embarrassed to release, ha) Ma…

TPW (or some early GH employee) has posted somewhere that yes, the cost of servers on your own is cheaper. However, the original goal of GitHub was to build a tool that allowed collaboration easier. You pay for the experience and the tools and the network IMO.

Exactly, it's more than just a place to store code. Just doing git clone on your repo url is a lot easier to deal with than setting up your own git hosting and configuring everything.

Re: Github Raises $100 Million

#69

Earlier quoted context omitted.

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.

Just curious, what makes you think they don't already use version control prolifically? What opportunity do you see? One studio I'm familiar with has some assets with change history back through to SCCS -- back through RCS, CVS, and P4. These places have long dealt with large groups of people collaborating on shared files that are constantly changing, forking, merging, etc.

I'm sure lots of bigger places do use it. In the world of music, there are studios everywhere that have maybe a dozen staff, making a lot of money and producing a lot of output, where version control is an unheard of concept. No audio production software that I'm aware of has any provision for version control.

I was kindof assuming that it would be the same for mid to smaller sized movie/tv studios as well, but at the same time I wouldn't be surprised to learn that you can get a plugin for Premier or whatever that does it.

I know for a fact that there are many largish advertising agencies out there who have fileservers with hundreds of ProjectName01, ProjectName02 etc style directories.

Why do you think apple brought "Versions" or whatever its called in with lion?

Re: Github Raises $100 Million

#70
post #53

Earlier quoted context omitted.

TPW (or some early GH employee) has posted somewhere that yes, the cost of servers on your own is cheaper. However, the original goal of GitHub was to build a tool that allowed collaboration easier. You pay for the experience and the tools and the network IMO.

Ah, gotcha. I guess I was missing out on the social aspect of it. But I have to wonder: if you're hosting that many private repos...how much does "social" play into it?

You can add collaborators to private repos (ie people with push rights). You can have organizations with private repos and use the collaboration tools within the organization.

For me, the private repos are more about having them where I have my other code.

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