Earlier quoted context omitted.
What does completely private mean? Do you mean bootstrapped?
Yeah, not VC-funded. Stupid mistake on my part given the industry we're in
They're literally a YC company: https://www.ycombinator.com/companies/gitlab
Gitlab S-1
31–40 of 295 posts
Re: Gitlab S-1
#32Our 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…
Most financial filings are filled with cover your ass statements like this.
Correct. The Robinhood disclosures were a fun read with Dogecoin trades (meme coin) being a large portion of their revenue.
Re: Gitlab S-1
#33Sorry for off-topic but notice how long this page is and yet how fast it loads. Why is it so hard to pull off elsewhere on the Web.
Re: Gitlab S-1
#34This 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?
Docker is the main one I can think of that has flopped financially despite being widely use.
Re: Gitlab S-1
#35Earlier 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
It's only a matter of time before I move to sourcehut I think.
Re: Gitlab S-1
#36I 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.
Re: Gitlab S-1
#37Sorry for off-topic but notice how long this page is and yet how fast it loads. Why is it so hard to pull off elsewhere on the Web.
Because it is a static document
Re: Gitlab S-1
#38I haven't personally had a compelling enough reason to move from GitHub to GitLab, so I mostly just use it to mirror a couple of my repos there in case people prefer to browse various open source projects via GitLab. Regardless, I think competition in the space is a great thing.
GitLab has come a long way and there are certain things I really like about the company. For example, I love how they tend to do everything "in the open" and have most of their development work and business documents public. It's a great resource for aspiring entrepreneurs. I have been a bit concerned about some of the architecture of GitLab lately, with quite a few security fixes resulting in unusual edge-case bugs. My only other complaint is that they tend have a very wide but shallow pool of products. They have ambitious goals with their platform, but I hope they are able to build real value and add features to the existing core products.
Congrats to everyone on the GitLab team. Keep doing good work.
Re: Gitlab S-1
#39Do we have any idea when the stock will be available?
Re: Gitlab S-1
#40> 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…
Why the down-votes? ....ahh humans :)
Most likely because their comment just sounds like them encouraging people to buy the stock (saying 'I called these other stocks and they did well, and now I'm buying this stock'). Whether they meant to or not, it comes off that way.