Live data from Hacker News

GitHub Raises $250M at $2B Valuation

wsj.com

221–230 of 416 posts

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

#221
post #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 "networ…

Yes, the network effect of social programming is the heart of open source, so the leader dominates more and more.

But migrating issues is not so trivial. There are probably several other subtle points of incompatibility making switching a headache. If it ain't broke is the Enterprise mantra. They love to standardise. They will hang on for decades.

However, the real point is that $20/m/user is comparatively cheap for the enterprise. The github category is already far better than the old ways; to win, they merely need be slightly more attractive and/or better known than the category alternatives.

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

#222

Earlier quoted context omitted.

If you build a machine that reliably turns $1.00 into $1.10, your next moves are (a) try to turn the next dollar into $1.15 and (b) find as many new dollars as you can to feed the machine.

Why not just loop the dollar through and live comfortably on the surplus?

Because looping $250m through gives you a lot more surplus to live off of. If we're talking in terms of investment/compound interest, a larger principal is obviously desirable

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

#223
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 doubt Free GitHub repository stand any longer 'cause it can't be sustain by any mean.

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

#224
post #83

Earlier quoted context omitted.

Sometimes fundraising is to get cash to founders, early investors.

mmm - insiders trying to get out is never a good sign.

Well, it happens all the time, so obviously lots of investors, VCs and founders disagree with you.

I can be a very bad sign, under certain conditions, sure. It's not meaningful all by itself, though.

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

#225
post #63

Earlier quoted context omitted.

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 "networ…

Agreed, the valuation makes no sense to me. There's really no switching costs that I see. Bitbucket is actually superior in many ways because of its tight integration with Atlassian - the real Microsoft Word of the Developer community. Sourceforge had this kind of play at one point and look at it now. Maybe they're going to start displaying ads for jobs for developers. Not sure that's worth 2B though...

And bitbucket is free for private repos - so you can start using it with minimal admin hassle, no months-long procurement process.

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

#227
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…

Github is basically Microsoft Word for programmers

That makes no sense at all. It's like the "track changes" feature in Word, maybe. You know--one little feature on a much, much larger tool.

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

#228

Earlier quoted context omitted.

Yet to meet a developer who's as excited about using Jira as about using Github issues...

Despite having a gazillion issue trackers, something halfway between the two would be welcome. GitHub issue tracking is not good enough to manage any kind of large project, JIRA is a bit of a beast. I'd prefer having an integrated JIRA any day, though I do still strongly DISLIKE JIRA. There's still opportunity for something better IMHO. (For very small teams, I find that's Trello, but Trello isn't really for large gr…

I wrote something on top -- it imports github and google code issues and google tasks into emacs org-mode. Then I work on it from there. More than good enough for single users who've got to track a lot of crap.

https://github.com/lally/org-issue-sync

Open source, free to use.

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

#229
post #166

Earlier quoted context omitted.

I very strongly prefer, as an engineer, not to use Atlassian products (Jira, Hipchat, Bitbucket, etc).

While Jira can be clunky I don't mind using it since it's pretty much totally accessible to me as a blind developer. I can't say the same for a lot of other products my company used to use. Github is pretty good from an accessibility standpoint as well. One thing I can't figure out how to do in Github is see all forks of a repository. Is this possible to do?

What version of JIRA are you using?

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

#230

Earlier quoted context omitted.

They are probably valued at much more than 10x revenue as a fast growing company. And "users" is the wrong metric as big companies probably make up 90% of revenues, and most of that is not even visible in the public repos.

Are they still fast-growing? I would have thought that their growth curve would be flattening out at this point. Most of the big tech companies already have a presence there, and they've been the go-to for VCS-using developers for a few years now.

That is a pretty Anglo-Centric viewpoint I would say. I know of companies in Japan that are moving onto GH:E with users ranging from 20 -> 300+ of which there are probably tens of thousands similarly sized around the world that are not yet on GH or GH:E.

Github recently created a Japanese subsidiary which is telling.

Post reply on HN