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Gitlab S-1

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Re: Gitlab S-1

#121

Post by josteink »

Mavvie wrote: post #66
easton wrote: post #48

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've been using ADO for the past year or two and I don't hate it. While it absolutely lacks features, and most ADO things have relatively tough to use UIs, it _is_ extremely fast compared to GitHub and has some amazing UI designs for a couple things (especially reviewing large PRs). Although from what I heard they're porting the good parts into GitHub and deprecating/putting into maintenance mode ADO soon.

> Although from what I heard they're porting the good parts into GitHub and deprecating/putting into maintenance mode ADO soon.

Hush hush! By now that’s pretty much an open secret covered by various NDAs :)

What even the NDAs won’t tell you though is how much time ADO has before it’s fully “dead”. If Microsoft’s track-record is anything to go by, I would assume ADO customers will be “encouraged” to migrate 3-5 years from now, with at least another 5 before they start closing down, if not more.

Will be interesting to see how it plays out when the time comes.

Re: Gitlab S-1

#122

Post by eloff »

ithinkso wrote: post #20
riffic wrote: post #13

Earlier quoted context omitted.

yeah it's a real shame for the folks with equity to finally have liquidity. I'm not really seeing what's shameful about a public exit. They're a great company with an amazing product. This is good for GitLab.

It is good for GitLab, what a shame for GitLab's users

Why?

Re: Gitlab S-1

#124

Post by adamrezich »

jppope wrote: post #101
alberth wrote: post #36

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.

this is actually quite surprising to me given what their product is...

this is what I was thinking. I installed a gitlab instance on an old laptop for a friend and myself to use to collaborate on a couple small projects a few years back. I haven't checked in to see what gitlab offers today but I'm having a mental disconnect between all those millions of dollars and what my understanding of the product is. there must be something the product offers that I'm ignorant to that justifies all that money.

Re: Gitlab S-1

#125

Post by fcantournet »

Wronnay wrote: post #99

Last valuation was $6 billion, they initially wanted to go public in November of 2020 but because of COVID they delayed it. Doesn't sound cheap to me for a company who isn't profitable yet... (Microsoft payed 7,5 billion for GitHub and I think we can all agree that GitLab isn't used as much so nearly the same valuations seems a bit high too me)

GitHub wasn't profitable either when MS aquired it. it was about the same ARR than gitlab is right now.

Now if your talking about brand and positioning that's another matter.

Re: Gitlab S-1

#126

Post by stefan_ »

HWR_14 wrote: post #116
stefan_ wrote: post #105

Earlier quoted context omitted.

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.

Are you being sarcastic or not? And what are the explanations you've heard?

Half sarcastic, half serious? I think the prevailing theory is that yes these companies are spending tons of money to get a little bit of money, but it's a one time per customer expense and that customer will still be there for many more quarters, paying monthly dues.

Re: Gitlab S-1

#127

Post by brianwawok »

marc__1 wrote: post #120
easton wrote: post #48

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…

> is anyone actually doing that at scale? 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%…

That average is across all price points though right, not 100k+ customers? That seems a very apples to oranges comparison.

Re: Gitlab S-1

#128

Post by sjtindell »

I would have killed to get some of this equity. Where can a regular investor buy these shares pre-IPO? I sat on ZenEquity for a while and saw nothing.

Re: Gitlab S-1

#129

Post by james-skemp »

ModernMech wrote: post #107
benatkin wrote: post #71

I'm grateful to GitLab for providing an alternative to GitHub, and an open source one. It's an open core product with the community edition providing a lot of value. Here are some community hosted instances: https://wiki.p2pfoundation.net/List_of_Community-Hosted_GitL... The CI system is quite powerful, and Travis CI's struggles before and after acquisition has shown that it's hard to host a major CI platform. I hope…

Yes, Gitlab has been leading the way for a while now, consistently introducing new features that Github eventually copies. It's a real testament to the power of competition. I first started using Gitlab due to free private repositories, which Github eventually added. Gitlab had free built-in CI/CD first, and Github eventually followed. I'm still on Gitlab these days despite Github catching up, and still enjoying feat…

In addition to the above, GitLab Pages continues to be easier to setup and use (on GitLab.com) than GitHub Pages.

Re: Gitlab S-1

#130

Post by enlyth »

anthony_r wrote: post #42
enlyth wrote: post #37

Earlier quoted context omitted.

Because it is a static document

So what? Most, or at least a lot of, Web documents are pretty much static, but they don't load nearly as fast. (static, except for the tracking scripts and ads :))

No, they are not. Most of the content on the web is dynamic, based on things like your authentication, geolocation, time, and other things
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