I get “how this all works” but valuation seems like magic
Gitlab loses one-third of its value after company issues weak forecast
111–120 of 220 posts
Re: Gitlab loses one-third of its value after company issues weak forecast
#112Earlier quoted context omitted.
At $29 * 7 * 12 per year it became way cheaper for us to just piece together functionality we needed from nginx+cgit+homegrown database to store users/repos/acl/push info and a few git hooks written in a few lines of PHP. The cost is now independent of the number of developers using the system. So far it did cost ~1 month of paying for github in dev time and I can't imagine it costing much more when we'll want to add…
A developer costs about 250K a year all up. That doesn’t include opportunity cost. 49, 40 hour weeks a year = $127.55 an hour. 29* 7 * 12 / (127.55) = 19.09 hours If it takes you more than 2.3 dev days (100% productive) you’re negative ROI doing it yourself. This math doesn’t even factor in the opportunity cost of doing this.
>> A developer costs about 250K a year all up.
Gotta love HN math. Calculations to two decimal places, starting with a number plucked from the high end of a distribution with standard deviation of at least 100K.
Re: Gitlab loses one-third of its value after company issues weak forecast
#113Earlier quoted context omitted.
At $29 * 7 * 12 per year it became way cheaper for us to just piece together functionality we needed from nginx+cgit+homegrown database to store users/repos/acl/push info and a few git hooks written in a few lines of PHP. The cost is now independent of the number of developers using the system. So far it did cost ~1 month of paying for github in dev time and I can't imagine it costing much more when we'll want to add…
A developer costs about 250K a year all up. That doesn’t include opportunity cost. 49, 40 hour weeks a year = $127.55 an hour. 29* 7 * 12 / (127.55) = 19.09 hours If it takes you more than 2.3 dev days (100% productive) you’re negative ROI doing it yourself. This math doesn’t even factor in the opportunity cost of doing this.
> A developer costs about 250K a year all up.
I currently cost more like 80K in euro's if I reason from my employer's side. So tell me, how are you getting to the 250K exactly?
Europe exists as well and even in the US there are enough companies that don't pay FAANG salaries.
Re: Gitlab loses one-third of its value after company issues weak forecast
#114Earlier quoted context omitted.
At $29 * 7 * 12 per year it became way cheaper for us to just piece together functionality we needed from nginx+cgit+homegrown database to store users/repos/acl/push info and a few git hooks written in a few lines of PHP. The cost is now independent of the number of developers using the system. So far it did cost ~1 month of paying for github in dev time and I can't imagine it costing much more when we'll want to add…
2.5k doesn't pay 1 day of a developer in a top-of-market startup.
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Re: Gitlab loses one-third of its value after company issues weak forecast
#115Gitlab pricing used to be something like $4/mo and they saw incredible growth. They raised their rates to $19/mo and now are seeing slow growth. In April they are raising to $29/mo- not sure what they think is going to happen. Also, for anyone that actively watches, they have to wonder if there will be another price hike once you are on their platform. Github Enterprise is only $21/mo and for most users it has all th…
At $29 * 7 * 12 per year it became way cheaper for us to just piece together functionality we needed from nginx+cgit+homegrown database to store users/repos/acl/push info and a few git hooks written in a few lines of PHP. The cost is now independent of the number of developers using the system. So far it did cost ~1 month of paying for github in dev time and I can't imagine it costing much more when we'll want to add…
The classic HN Dropbox comment, never gets old.
Re: Gitlab loses one-third of its value after company issues weak forecast
#116Earlier quoted context omitted.
A developer costs about 250K a year all up. That doesn’t include opportunity cost. 49, 40 hour weeks a year = $127.55 an hour. 29* 7 * 12 / (127.55) = 19.09 hours If it takes you more than 2.3 dev days (100% productive) you’re negative ROI doing it yourself. This math doesn’t even factor in the opportunity cost of doing this.
> A developer costs about 250K a year all up. I currently cost more like 80K in euro's if I reason from my employer's side. So tell me, how are you getting to the 250K exactly? Europe exists as well and even in the US there are enough companies that don't pay FAANG salaries.
Don't tell them it becomes 40k after taxes or people here won't believe you.
Re: Gitlab loses one-third of its value after company issues weak forecast
#117Too many things in Gitlab feel half-baked, like their requirements feature which is essentially just their issue tracker, no document management, just toss some issues in the bin. And they expect enterprises to pay for it because they checked the feature box. https://docs.gitlab.com/ee/user/project/requirements/
To be fair, a lot of enterprise sales is based on "ticking boxes".
Which is great until the users blame the tool because they can’t finish their work
Re: Gitlab loses one-third of its value after company issues weak forecast
#118Earlier quoted context omitted.
A developer costs about 250K a year all up. That doesn’t include opportunity cost. 49, 40 hour weeks a year = $127.55 an hour. 29* 7 * 12 / (127.55) = 19.09 hours If it takes you more than 2.3 dev days (100% productive) you’re negative ROI doing it yourself. This math doesn’t even factor in the opportunity cost of doing this.
Their solution is not a monthly recurring event.
Their solution will require a developer to ssh into VMs to update, debug, upscale etc.
Re: Gitlab loses one-third of its value after company issues weak forecast
#119Earlier quoted context omitted.
At $29 * 7 * 12 per year it became way cheaper for us to just piece together functionality we needed from nginx+cgit+homegrown database to store users/repos/acl/push info and a few git hooks written in a few lines of PHP. The cost is now independent of the number of developers using the system. So far it did cost ~1 month of paying for github in dev time and I can't imagine it costing much more when we'll want to add…
A developer costs about 250K a year all up. That doesn’t include opportunity cost. 49, 40 hour weeks a year = $127.55 an hour. 29* 7 * 12 / (127.55) = 19.09 hours If it takes you more than 2.3 dev days (100% productive) you’re negative ROI doing it yourself. This math doesn’t even factor in the opportunity cost of doing this.
A developer:
in the US
in specific rich cities in California, New York, Texas, Washington, and Colorado
at a handful of tech companies which are currently bedevilled by lay-offs
averaged across all roles
GitLab doesn't have regional pricing.
Re: Gitlab loses one-third of its value after company issues weak forecast
#120Earlier quoted context omitted.
A developer costs about 250K a year all up. That doesn’t include opportunity cost. 49, 40 hour weeks a year = $127.55 an hour. 29* 7 * 12 / (127.55) = 19.09 hours If it takes you more than 2.3 dev days (100% productive) you’re negative ROI doing it yourself. This math doesn’t even factor in the opportunity cost of doing this.
>> A developer costs about 250K a year all up. Gotta love HN math. Calculations to two decimal places, starting with a number plucked from the high end of a distribution with standard deviation of at least 100K.
Ok, so at 80K a year, that’s a 3x multiplier.
So annually you have to spend Can’t be done outside of “we hired the OG devs of Gitlab/hub/etc”