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GitHub Raises $250M at $2B Valuation

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61–70 of 416 posts

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

#61
post #16

"The company’s co-founders were inspired by a tech talk given at Google Inc. in 2007 by Linus Torvalds" funny how many successful companies are founded after getting inspiration from a single talk.

Do you have more examples like this? Sounds interesting.

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

#63
post #41

Both this piece, and most commenters, seem to miss the point about where Github's value comes from. It's not for being a social identity for programmers, or hosting open-source libraries. Those are worthy pursuits, but from a business perspective mostly serve as marketing. Github is basically Microsoft Word for programmers, and is an essential part of their workflow. Companies that need enterprise functionality aroun…

Microsoft Word became a valuable monopoly because it was a proprietary standard. But git hosting is a commodity service. There are already a number of players doing exactly what GitHub does, for less money, and it's trivially easy to migrate a repository away from GitHub to those other providers.

Something tells me that the "facebook for programmers" angle is essential to selling the dream here. The so-called "network effect" of open-source projects has some inherent stickiness, but again, there isn't that much that ties a project to GitHub.

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

#64
post #46

Earlier quoted context omitted.

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.

Let's assume for a moment that email is true: how many businesses have policies that allow their staff to use language in that particular way? And Github, like most other providers, have catch-all clauses in the ToS. This one, perhaps: > We may, but have no obligation to, remove Content and Accounts containing Content that we determine in our sole discretion are unlawful, offensive, threatening, libelous, defamatory,…

I 100% believe GitHub has the right to police and enforce their own standards on their system - just wanted to make that clear first. This is not about the r-word issue for me.

What I find unsettling is that what they could consider "objectionable" is wide open and resolution of raised issues is expected so rapidly. Silly story time..

A developer in MajorCorp leaves a code comment (which is eventually committed) saying "// TODO: Fix this later, GitHub is down again, GitHub is trash!". GitHub could fairly request its removal as it is likely to be objectionable to them.

However, the main contact on the account is away at a conference and gets to their email a couple of days later. Is their repo or even their entire account now toast? How much would someone want to bet against that?

This is a farfetched contrived story, but now there's a demonstrated (again, assuming the screenshot is legit) attempt to enforce this clause and evidence of "24 hours" being the timeframe allowed for resolution, the tiny risk of such an outcome is going to hit sentiment and get legal departments twitching.

(My personal suspicion is paying and enterprise users will not receive such threats, but in the above example I'm being idealistic and assuming everyone gets equal treatment.)

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

#66

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

It seems like a more realistic/useful current valuation than many of these pie-in-the-sky valuations or acquisitions, given that they actually have real revenue, do a useful thing, etc... seems about right to me for today. Surely that will grow- and that's what they are hoping on.

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

#67
post #41

Both this piece, and most commenters, seem to miss the point about where Github's value comes from. It's not for being a social identity for programmers, or hosting open-source libraries. Those are worthy pursuits, but from a business perspective mostly serve as marketing. Github is basically Microsoft Word for programmers, and is an essential part of their workflow. Companies that need enterprise functionality aroun…

I'm not aware of Microsoft Word or any editor I've ever used or heard of forbidding me from using the word "retards" or any other. Heck, Gnu Emacs allows me to write proprietary software, a user freedom RMS is no doubt not entirely happy with.

I require that general freedom of expression in my tools and do no tolerate vendors who engage in these sorts of damaging stunts. I suspect I'm not alone, and I note GitHub has a further problem of not being all that sticky, e.g. I moved all my repos off it earlier today after we got confirmation of this.

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

#68
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.

Sorry to say, but any time I need a private repo I just head to BitBucket. GitHub provides tremendous value, I hope they find a good way to capture some of it.

Sorry to say, but any time I need a private repo I just head to BitBucket.

By which you further validate the market for them and for investors.

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

#69

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

The problem is monetization. It's not like Snapchat where you have a potential $1+ billion advertising behemoth . I was surprised it was valued as high as it is

When placing an engineer in a company can net you $8,000 to $25,000 you can very well say Github is undervalued. I certainly think it should be more valuable to RHT.

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

#70
post #41

Both this piece, and most commenters, seem to miss the point about where Github's value comes from. It's not for being a social identity for programmers, or hosting open-source libraries. Those are worthy pursuits, but from a business perspective mostly serve as marketing. Github is basically Microsoft Word for programmers, and is an essential part of their workflow. Companies that need enterprise functionality aroun…

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