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Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

forbes.com

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Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#4
A cool part from the article

>> part of a shadow program in which employees spend two weeks sitting in on their CEO’s meetings, feedback sessions and media or analyst calls

Does anyone know of companies that do this "internship" / shadowing / mentoring built into the company?

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#5

I don't see how it's worth that much unless their plan is to strip all features from gitlab community or expect a Google acquisition.

I mean, with GitHub's price being 7.5 billion, it's not outrageous as one of their leading competitors. I also was feeling like a Google acquisition wasn't impossible, they did move their entire platform to Google Cloud recently.

Microsoft and Google seem on pretty good terms lately, but right now, a lot of Google's public projects are posted on a Microsoft code hosting platform. I could see a day where Google says they need their own, buys GitLab, and moves over everything.

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#8
post #6

I am curious how the Gitlab is so valuable. I've never used the service, but HN posts keep me informed superficially. Could someone explain the valuation?

Microsoft bought Github for $7.5B so it gives them a great comparable.

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#9
Is it related to Atlassian’s huge price increase (40% to 320%) for Server licenses? They try to push everyone to the cloud, almost by force. It made the stock (NASDAQ:TEAM) lose about 16% in 20 days.

https://info.seibert-media.net/display/Atlassian/Atlassian+P...

Re: Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO

#10

A cool part from the article >> part of a shadow program in which employees spend two weeks sitting in on their CEO’s meetings, feedback sessions and media or analyst calls Does anyone know of companies that do this "internship" / shadowing / mentoring built into the company?

We are nowhere near as valuable or successful as Gitlab but we also practice radical transparency, which means that all of our material conversations happen out in the open. This saves a lot of time and makes it much easier to stay on top of what is happening. Because many of our co-workers are remote we publish a once-per-month update that goes into substantial detail about the state of the business.

I'm a firm believe that companies should be run like that but many other founders like to play their cards much closer to their chests.

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