Gitlab S-1

#1

Post by laminarflow » Fri, Sep 17, 2021, 5:19 PM UTC

Re: Gitlab S-1

#2

Post by JohnWhigham » Fri, Sep 17, 2021, 5:30 PM UTC

Our recent growth may not be indicative of our future growth, and we may not be able to sustain our revenue growth rate in the future. Our growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful.

I don't know why I thought Gitlab was completely private, but...welp, see ya later Gitlab. I'm looking forward to see what revenue you can squeeze out of customers from afar, without me on the platform.

Re: Gitlab S-1

#3

Post by spullara » Fri, Sep 17, 2021, 5:31 PM UTC

JohnWhigham wrote: post #2

Our recent growth may not be indicative of our future growth, and we may not be able to sustain our revenue growth rate in the future. Our growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. I don't know why I thought Gitlab was completely private, but...welp, see ya later Gitlab. I'm looking forward to see what revenue you can squeeze out of custo…

What does completely private mean? Do you mean bootstrapped?

Re: Gitlab S-1

#4

Post by the-dude » Fri, Sep 17, 2021, 5:32 PM UTC

Congrats Sytse.

Re: Gitlab S-1

#5

Post by merrvk » Fri, Sep 17, 2021, 5:32 PM UTC

What a shame

Re: Gitlab S-1

#6

Post by priansh » Fri, Sep 17, 2021, 5:33 PM UTC

This seems like a weird move given that developer tools seldom do well on public markets. I can’t help but think that staying private would do more to maintain their community & preserve the reasons people opt for GitLab over GitHub.

Re: Gitlab S-1

#7

Post by MattGaiser » Fri, Sep 17, 2021, 5:33 PM UTC

JohnWhigham wrote: post #2

Our recent growth may not be indicative of our future growth, and we may not be able to sustain our revenue growth rate in the future. Our growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. I don't know why I thought Gitlab was completely private, but...welp, see ya later Gitlab. I'm looking forward to see what revenue you can squeeze out of custo…

Most financial filings are filled with cover your ass statements like this.

Re: Gitlab S-1

#8

Post by JohnWhigham » Fri, Sep 17, 2021, 5:33 PM UTC

spullara wrote: post #3

JohnWhigham wrote: post #2

Our recent growth may not be indicative of our future growth, and we may not be able to sustain our revenue growth rate in the future. Our growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. I don't know why I thought Gitlab was completely private, but...welp, see ya later Gitlab. I'm looking forward to see what revenue you can squeeze out of custo…

What does completely private mean? Do you mean bootstrapped?

Yeah, not VC-funded. Stupid mistake on my part given the industry we're in

Re: Gitlab S-1

#9

Post by lucasverra » Fri, Sep 17, 2021, 5:33 PM UTC

Good for them, they do a lot of open-source. And they have brought something to the market when GH was the only sheriff in town.

Re: Gitlab S-1

#10

Post by bradstewart » Fri, Sep 17, 2021, 5:34 PM UTC

JohnWhigham wrote: post #2

Our recent growth may not be indicative of our future growth, and we may not be able to sustain our revenue growth rate in the future. Our growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. I don't know why I thought Gitlab was completely private, but...welp, see ya later Gitlab. I'm looking forward to see what revenue you can squeeze out of custo…

Pretty much every S1 ever has similar language. Do you refuse to use any public company products?