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Gitlab S-1

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Re: Gitlab S-1

#221

Post by smartbit »

jedberg wrote: post #201
smartbit wrote: post #191

Earlier quoted context omitted.

18.9% shares, not bad. Had a chat with him a few year ago at the gitlab booth at Fosdem. Somewhere around 2014 Sytse asked my former coworker to become gitlab’s first employee, working on Ruby code. Completely understand the request, as he’s an excellent DevOps engineer and fine colleague. He declined to opt for a more secure job position ....

FWIW as the first engineer he might have gotten 1% of the stock, which would be worth about $6M. If he's really that good, there is a decent chance his more secure job has paid that much in 7 years, especially if it was with a FAANG company.

No company in NL pays FAANG salaries. My former coworker‘s rate as external consultant is around €120/h.

Re: Gitlab S-1

#222

Post by ec109685 »

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 believe a Splunk uses it.

Re: Gitlab S-1

#223

Post by paulryanrogers »

CameronNemo wrote: post #212
paulryanrogers wrote: post #208

Earlier quoted context omitted.

GitHub SAAS consumer experience. It doesn't go as far for users who would like to run their own GH instance as open source. And in some areas GitLab has done better, such as CI.

GitHub enterprise on prem is an offering I thought? Sure it is not open source, or even source available. But they are still trying to compete against GitLab in that space.

Right, but I doubt GH let's on prem users modify the source to suit their needs.

Re: Gitlab S-1

#224

Post by tinyhouse »

sam0x17 wrote: post #114
LewisVerstappen wrote: post #17

> 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…

> Will be interesting to see how many publicly traded companies are fully remote in 5, 10, 15 years. 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 task…

I partly disagree. There will be high demand for co-working spaces because employees like to go to the office once you remove the cons (commute, sitting next to your boss, etc). Companies will gladly pay for that too. Commercial buildings will just convert to co-working spaces.

I do see a problem for the centers where there's a high concentration of commercial buildings, esp if they are not nearby residential neighborhoods. Remote works want offices close to where they live, so co-working places need to be spread out and not all concentrated in one main area.

Re: Gitlab S-1

#225

Post by dreamcompiler »

reilly3000 wrote: post #167
INTPenis wrote: post #148

Earlier quoted context omitted.

Yeah I absolutely support Gitlab and love seeing new projects use Gitlab over Github. But to be fair, they have a massive backlog of issues to fix. Basic issues too, like variables not expanding correctly in CI jobs, or Google not being able to index projects on gitlab.com unless there's another page already linking to it. I've been using Gitlab.com and Gitlab on-prem since 2013 and over the years I've found many of…

With their business model, a constant stream of new features is the only thing that pays the bills. Their paid tiers get the new features, and almost all of them eventually wind up in the open product. With a healthy IPO they should be resourced enough to put some extra hands on the backlog. +1 for prioritizing old tickets!

What makes you think their new shareholders will tolerate bug fixing? It doesn't generate revenue and hence doesn't contribute to constant growth, which seems to be the only thing that matters to investors these days.

And that's why we can't have nice things in for-profit software nowadays.

Re: Gitlab S-1

#226

Post by foolfoolz »

b9a2cab5 wrote: post #153
greghendershott wrote: post #88

Earlier quoted context omitted.

I am by no means a finance or investing whiz. But the first thing I like to do is skip ahead to the cash flow statement. In this case https://www.sec.gov/Archives/edgar/data/1653482/000162828021... The income statement, balance sheet, and cash flow are connected; sides of a triangle. Each of the three views alone is potentially misleading. But for an initial impression and quick gut check I like to start with cash fl…

60M cash loss in 2021, with over $100M stock based compensation expense. Maybe with Phabricator shutting down they'll see more growth but the last time I used Gitlab it was not comparable to Phabricator's (and Gerrit's) usefulness for large orgs. It's more like a Github clone in the way it functions.

gerrit was a decade ahead of the competition for code review. github is just starting to catch up now to where gerrit was in 2011

Re: Gitlab S-1

#227

Post by atatatat »

leeoniya wrote: post #202
tln wrote: post #186

Earlier quoted context omitted.

GitHub seems to care about user experience even though they're winning though.

i've opened multiple, detailed support tickets over the years about different UX wtfs they rolled out that removed vital functionality. not one of my complaints has ever been addressed. my last complaint was ghosted after i pointed out that they should actually read my lengthy analysis instead of giving a worthless canned response. still waiting for reply since Jan 4.

Are you a paid user?

Re: Gitlab S-1

#228

Post by leeoniya »

atatatat wrote: post #227
leeoniya wrote: post #202

Earlier quoted context omitted.

i've opened multiple, detailed support tickets over the years about different UX wtfs they rolled out that removed vital functionality. not one of my complaints has ever been addressed. my last complaint was ghosted after i pointed out that they should actually read my lengthy analysis instead of giving a worthless canned response. still waiting for reply since Jan 4.

Are you a paid user?

no, but i author and maintain some pretty popular projects and now work for a company that does pay, and also has a massive github and OSS footprint.

Re: Gitlab S-1

#229

Post by sneak »

They have explicitly opted to embrace unrestrained capital-seeking's amorality:

https://www.theregister.com/2019/10/16/gitlab_employees_gagg...

I don't really expect the market to care much about this one way or the other, but I do.

(Their competition, Microsoft/GitHub, famously embraces government/military custom, even supplying services to those operating concentration camps.)

This seems to establish a norm for the industry; one of the many reasons I am not a participant.

Re: Gitlab S-1

#230

Post by webmaven »

leeoniya wrote: post #228
atatatat wrote: post #227

Earlier quoted context omitted.

Are you a paid user?

no, but i author and maintain some pretty popular projects and now work for a company that does pay, and also has a massive github and OSS footprint.

> no, but i author and maintain some pretty popular projects and now work for a company that does pay, and also has a massive github and OSS footprint.

Would you say that you (and your projects) and employer are to some degree locked in now? Are either you or your employer likely to move away from hosting your projects on GitHub?

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