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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.
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.
MongoDB and Twilio have both done reasonably well haven't they? Which developer tools have not done well?
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
Can you please elaborate about this?
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…
> Our business has experienced rapid growth. We generated revenue of $81.2 million and $152.2 million in fiscal 2020 and 2021, respectively, representing growth of 87%. We generated revenue of $63.9 million and $108.1 million for the six months ended July 31, 2020 and July 31, 2021, respectively, representing year over year growth of 69%. During this period, we continued to invest in growing our business to capitaliz…
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.
DDOG, PD, DOCN, FSLY, NET, TWLO, MDB, TEAM, etc
All of those are doing great, and there are probably like 50 more.
What a shame
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
I would argue that private equity has had a longer deleterious effect on product development, and also some IPOs have turned out disastrous, but it isn't a hard and fast rule to say that a company, once it goes public, automatically turns against its userbase.
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…
Just look back at any S-1 post and there's always somebody who shares it. Why? Do they really think they are illuminating someone else with the most boiler-plate phrase in the existence of S-1 filings?