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Unity Software Inc S-1

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Re: Unity Software Inc S-1

#41
post #33

I'm quite bearish on Unity in the long run. Unity to me seems like a team with a fantastic marketing department to contrast with a much weaker engineering department. I've tried to use Unity off and on for years and every time I spend time learning it, I regret it. I'm a full-time React developer, and the difference in engineering culture and best engineering practices between Unity and React is massive. The Unity ex…

Why on earth would you compare Unity to React?

Re: Unity Software Inc S-1

#42
post #6

This should be a monster. We have no direct game development tools exposure on the stock market, unless you count Autodesk, but their tools are usable by other industries. That means it's gonna be shouldering a burden for an entire industry, and one that the stock market doesn't understand or appreciate. Potential for going either way, really. Development tools have traditionally been a poor investment long term, but…

Think less as in development tools and more as in content tools, and how hard it is to pick a winner for content (but it's been obvious that content is exploding!). Games and AR/VR are just another form of content.

I put some money into a strategy around the proverbial shovel salesmen for content creation last year, and I really wish I put in more and bought the dip harder.

Re: Unity Software Inc S-1

#43
I'm bullish on Unity (especially with how it's positioned to take advantage of the AR/VR boom). I know Facebook tried to buy them at some point, and am glad that didn't pan out after watching what they've done with Oculus.

As someone who has invested heavily in SaaS stocks, I know the current market is likely going to want to send this thing to space. There has arguably never been a better time to IPO.

Re: Unity Software Inc S-1

#44
post #4

"We have experienced rapid growth. Our revenue grew from $380.8 million to $541.8 million for the years ended December 31, 2018 and 2019, respectively, representing year-over-year growth of 42%, and from $252.8 million to $351.3 million for the six months ended June 30, 2019 and 2020, respectively, representing period-over-period growth of 39%. We generated net losses for the years ended December 31, 2018 and 2019, a…

Sounds kind of mixed to me. What's going to enable them to turn an annual loss of ~$150M into a profit?

Unity turns into profit in the instant they stop seeking growth. Their annual losses are growing in line of their annual sales and marketing. Unity has year-over-year growth of 42%.

Re: Unity Software Inc S-1

#45
post #33

I'm quite bearish on Unity in the long run. Unity to me seems like a team with a fantastic marketing department to contrast with a much weaker engineering department. I've tried to use Unity off and on for years and every time I spend time learning it, I regret it. I'm a full-time React developer, and the difference in engineering culture and best engineering practices between Unity and React is massive. The Unity ex…

Unity is nothing like react.

Re: Unity Software Inc S-1

#46

Having followed this space for some time, Unity made huge strides at the beginning but has become notorious for punishing shiny features while leaving things broken or half-supported, which makes the developer’s life hard if you happen to run into one of those bugs. Closed source means you’re stuck writing ugly workarounds. My impression was that you can bootstrap some incredible stuff in Unity, but demanding kinds o…

Hearthstone is built with Unity. I don't know if it's on Blizzard or on Unity (though, comparing things to other Blizzard games, I'd suspect Unity), but Hearthstone uses an awful lot of resources and is quite laggy on mobile, despite it presenting a pretty bare-bones 3D scene with barely any special effects.

Re: Unity Software Inc S-1

#47
post #33

I'm quite bearish on Unity in the long run. Unity to me seems like a team with a fantastic marketing department to contrast with a much weaker engineering department. I've tried to use Unity off and on for years and every time I spend time learning it, I regret it. I'm a full-time React developer, and the difference in engineering culture and best engineering practices between Unity and React is massive. The Unity ex…

Comparing a web library to game engine is a bit of a stretch. Unity is very nice to develop actually. It's a lot more simple than UE4 for example, but UE4 is much better suited for more complicated games, but then again, Subnautica is made in Unity, so Unity is very flexible. Neither is "bad" or "worse". Unity is obviously not perfect, but video game engines move and change all the time, that is the nature of the vid…

> Comparing a web library to game engine is a bit of a stretch

I don't necessarily disagree, but an interesting thing to point out here is that a lot of the inspiration for React in fact came from game engines!

The ideas around virtual dom diffs, figuring out the minimum necessary set of deltas, and only rendering those because that's the slow part, in particular.

Re: Unity Software Inc S-1

#48
post #33

I'm quite bearish on Unity in the long run. Unity to me seems like a team with a fantastic marketing department to contrast with a much weaker engineering department. I've tried to use Unity off and on for years and every time I spend time learning it, I regret it. I'm a full-time React developer, and the difference in engineering culture and best engineering practices between Unity and React is massive. The Unity ex…

If you go through this list https://store.steampowered.com/curator/31285130-Unity-Engine...

Most of it is a lot more impressive than projects completed with React.

Unity has a high learning curve once you want to move away from tutorials. I believe React is the same, I kept trying to learn it but would get discouraged with the new tooling and eventually give up.

Re: Unity Software Inc S-1

#49
post #33

I'm quite bearish on Unity in the long run. Unity to me seems like a team with a fantastic marketing department to contrast with a much weaker engineering department. I've tried to use Unity off and on for years and every time I spend time learning it, I regret it. I'm a full-time React developer, and the difference in engineering culture and best engineering practices between Unity and React is massive. The Unity ex…

Why on earth would you compare Unity to React?

To provide more color to the parent comment, the scope of React vs the scope of Unity is several orders of magnitude different. (In fact, I've seen games that use React inside to manage their UI layers.)

Re: Unity Software Inc S-1

#50
post #33

I'm quite bearish on Unity in the long run. Unity to me seems like a team with a fantastic marketing department to contrast with a much weaker engineering department. I've tried to use Unity off and on for years and every time I spend time learning it, I regret it. I'm a full-time React developer, and the difference in engineering culture and best engineering practices between Unity and React is massive. The Unity ex…

After watching how many SaaS companies with "weak" engineering have soared to astronomical valuations, I would say I'm quite bullish on Unity (as a stock), irrespective of what developers think. At the end of the day, fantastic marketing is what gets CXO's and decision makers to buy-in.

Look at MongoDB's performance since IPO in 2017 for perspective.

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