111–120 of 295 posts
From page 135 you have what it may be consider one of the most ambitious founder-performance compensation plans ever. The latest tranche, to be observed between 2027 and 2030, will be granted if the share price of Gitlab reaches $500, or 26x the price per share of the most recent fundraising (Series E at $18.6294 per share) Here is the text if anyone cares fo cmd+F: "The following table indicates the price hurdle and…
Gitlab, I believe, informs the common strategy behind most other source-available ycombinator enterprise startups: the buyer-based open-core model [4]
Congratulations Gitlab. You're far from a copycat and deserve all the success for relentless execution and radical transparency, if nothing else [5]
[0] https://www.youtube-nocookie.com/embed/gOp4lKSCulI
[1] https://www.youtube-nocookie.com/embed/vCiLMLC2Rhs
[2] https://www.youtube-nocookie.com/embed/uUwmlJfim6U
[3] https://www.youtube-nocookie.com/embed/XcqloQezOUg
[4] https://www.heavybit.com/library/video/commercial-open-sourc...
The big issue we have with GitLab is the pricing. Ultimate is literally five (!!!) times more than premium. And there are only a couple of features that we want from ultimate.
For example, Premium allows us to configure our CI system to ingest Coverity scans, but only Ultimate lets us actually view them in the GUI. What the hell, guys?
We're not paying for Ultimate, though, unless they give us a sweetheart deal in perpetuity, but it's still kind of ridiculous.
That said, they do tend to trickle features down, moving them from higher tiers to lower tiers, or lower tiers to the free tier, so maybe in a few versions we'll get that support for no extra cost.
> We have been a 100% remote workforce since inception and, as of July 31, 2021, had approximately 1,350 team members in over 65 countries. Operating remotely allows us access to a global talent pool that enables us to hire talented team members, regardless of location, providing a strong competitive advantage. Will be interesting to see how many publicly traded companies are fully remote in 5, 10, 15 years. Especial…
I'm willing to take that bet. I've already suggested in numerous places on HN (pre-pandemic) that the commercial real estate market itself is going to collapse in the next 10 years because in a remote economy, office spaces have zero or even negative value, and I do see us gradually moving in that direction. Even tasks that traditionally require physical presence (working with CNC machines, materials engineering, etc) have found ways to work remotely using remote-presence robotics, etc., during the pandemic, and all the trustworthy research on the topic has pointed to remote = increased productivity, with FANG companies in particular spearheading the effort to publish bogus studies indicating the contrary.
So in the long-run I think we're going to have a bunch of empty buildings and skyscrapers. As far as the CRE market goes, all those empty buildings would be a great opportunity to create high quality low-cost or free public housing, as is already done with great success in the Netherlands and many of the Nordic countries.
Once remote becomes the norm, the obvious downside of offices (greatly increased cost for decreased productivity and grossly increased negative environmental impact) will do the rest of the work imo.
From page 135 you have what it may be consider one of the most ambitious founder-performance compensation plans ever. The latest tranche, to be observed between 2027 and 2030, will be granted if the share price of Gitlab reaches $500, or 26x the price per share of the most recent fundraising (Series E at $18.6294 per share) Here is the text if anyone cares fo cmd+F: "The following table indicates the price hurdle and…
What happens if USD is no more in 2030?
I realize plenty of tech companies IPO and aren’t profitable. But it seems scary to be losing more money than what you generated in total revenues. REVENUE: 2021: $152m (loss of $192m) 2020: $81m (loss of $130m) EDIT: reworded for clarity.
Most S1 on HN are companies that spend $3 to get $1 in revenue. It was explained to me that this is totally normal and very different from DotCom companies literally buying revenue.
So GitLab is advertising that it's the one place to do the entire software development lifecycle. Are there any big shops that have converted to 100% (or almost 100%) GitLab? Out of the six big names they list on their website, the only one that they have a case study for is Thomson Reuters, and they used Jenkins for CI (and it's from 2017, so a lot of this other functionality wasn't built yet). It's just a somewhat…
I realize plenty of tech companies IPO and aren’t profitable. But it seems scary to be losing more money than what you generated in total revenues. REVENUE: 2021: $152m (loss of $192m) 2020: $81m (loss of $130m) EDIT: reworded for clarity.
Earlier quoted context omitted.
Gitea has a ton of issues, sadly. We self-hosted an instance where we had a number of mirrors and whatnot to have redundant copies of third-party dependencies. The server would deadlock, mirror tasks would time out and then couldn't be restarted, etc. We filed an issue (or maybe two) and the developers were... eh. A bit rude, to be honest. Dismissive that it was really an issue, where restarting and deleting/re-confi…
I've ran it for years and never had a deadlock. How big were your code bases, how many users?.. idk if that is even the reason why
We were mirroring the linux kernel and maybe 40-50 different repositories. Two users.
So GitLab is advertising that it's the one place to do the entire software development lifecycle. Are there any big shops that have converted to 100% (or almost 100%) GitLab? Out of the six big names they list on their website, the only one that they have a case study for is Thomson Reuters, and they used Jenkins for CI (and it's from 2017, so a lot of this other functionality wasn't built yet). It's just a somewhat…
per the prospectus on page 16 the answer is definitely yes:
Net Dollar Retention Rate for customers who paid more than $100,000 in ARR is 283% as of 12 months ended January 2021 and 383% for YTD 2021, meaning this customer cohort increases on average the spent by 2.8x.
The highest net-dollar retention rate among all SaaS publicly-traded companies, whose average is around 120%.