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GitHub Raises $250M at $2B Valuation

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31–40 of 416 posts

Re: GitHub Raises $250M at $2B Valuation

#31
What I am tremendously curious about is:

1. Is GitHub Profitable?

2. Is taking on funding ultimately heading towards an IPO? Getting sold? (Not that anyone can predict the future, but "just becoming profitable" isn't really a realistic goal of a VC funded company, right?). Is there a way to find out how much of GitHub is owned by whom?

Re: GitHub Raises $250M at $2B Valuation

#32

Just $2Bn? Sound a little low to for something like Github.

It's probably because it has 10 million registered users. When you compare that to something like Instagram, Twitter, or even mobile apps like WhatsApp; it's not a huge user base. That being said, I like GitHubs business model a lot more because their product actually provides me with a lot of value.

Re: GitHub Raises $250M at $2B Valuation

#33
post #29

Github has already stumbled, and will fall soon. Their gaffes in conduct[1] and content[2] policies are already dividing the community. For a company that has thrived on being a monoculture, this spells doom. [1] https://np.reddit.com/r/programming/comments/3e5c6f/why_the_... [2] https://news.ycombinator.com/item?id=9966118

I don't know that censoring a few words is enough to cause them to lose momentum, but I have similar concerns. What is the compelling advantage of using github instead of gitorious or gitlab or whatever? They have a few nice tools, but nothing that can't be replicated. And if there's no significant advantage, then they're only one data breach or PR fail from losing tons of customers. The very nature of git means they…

Network effects. There's entire subcultures that have de facto clustered themselves onto GitHub, like the Erlang community. Most web developers, as well.

You're right the actual GitHub interface is not as amazing as it is often heralded. I've always thought the issue tracker was a joke, for instance.

Re: GitHub Raises $250M at $2B Valuation

#35

Github has already stumbled, and will fall soon. Their gaffes in conduct[1] and content[2] policies are already dividing the community. For a company that has thrived on being a monoculture, this spells doom. [1] https://np.reddit.com/r/programming/comments/3e5c6f/why_the_... [2] https://news.ycombinator.com/item?id=9966118

well at least they picked the right time to get money

Re: GitHub Raises $250M at $2B Valuation

#36

Earlier quoted context omitted.

You seriously think censoring the word "retard" will harm their business?

I think you should think twice before investing or hosting data with companies that engage in tit-for-tat infantile behavior.

> tit-for-tat infantile behavior.

like sh1t posting for 18 hours about how you have a right to be an asshole to whomever you want, anywhere you want, even on someone elses' property?

Re: GitHub Raises $250M at $2B Valuation

#37
post #2

Github seems to be a pretty good or "safe" investment. Developers have already entrusted them with something as precious as their code itself. They also have pretty clear pathways for being profitable with private repos and so on, I'm not that surprised they are getting a lot of funding.

Well many companies are profitable (actually, it's the only prerequisite to stay alive). And arguably, Github isn't profitable enough to fuel its own growth, or they wouldn't need to take $250m from investors in exchange of shares. The question is: is it worth 2 billion dollars? As a developer my guts say yes, but I have no idea what their numbers look like...

When you want to reach a monopoly position, fueling growth with only your profits it's not sustainable. They are getting (cheap) money to scale faster than their profits would allow them to do.

It's the same reason why Uber, although making billions of revenue, still raises money: cheap money that boosts growth.

Re: GitHub Raises $250M at $2B Valuation

#38

Github has already stumbled, and will fall soon. Their gaffes in conduct[1] and content[2] policies are already dividing the community. For a company that has thrived on being a monoculture, this spells doom. [1] https://np.reddit.com/r/programming/comments/3e5c6f/why_the_... [2] https://news.ycombinator.com/item?id=9966118

Enterprise Customers cannot (and will not) attempt to transition from hosting hundreds (in some cases, thousands) of private repositories on gitHub in favor of another service.

The alternative would have to aggressively undercut gitHub's enterprise sales model while competing with gitHub's uptime.

Customers aren't going anywhere.

Re: GitHub Raises $250M at $2B Valuation

#39

Github has already stumbled, and will fall soon. Their gaffes in conduct[1] and content[2] policies are already dividing the community. For a company that has thrived on being a monoculture, this spells doom. [1] https://np.reddit.com/r/programming/comments/3e5c6f/why_the_... [2] https://news.ycombinator.com/item?id=9966118

You seriously think censoring the word "retard" will harm their business?

I don't, but what I believe could worry many (especially business users) is the idea of needing to rapidly enact a change within 24 hours to not have a repo or even your entire account deleted. This is assuming https://imgur.com/QC51FZz is even true, though.

Re: GitHub Raises $250M at $2B Valuation

#40
This is actually one of the companies in SV that I really like; I would love to work there, but I don't think they have a lot of mobile application development; That being said I still congratulate them because I love their product.
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