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Gitlab S-1

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Re: Gitlab S-1

#41

Post by ithinkso »

rvz wrote: post #24
ithinkso wrote: post #20

Earlier quoted context omitted.

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

> what a shame for GitLab's users Can you please elaborate about this?

In my opinion public exit has been twisted 180 degrees. The reason for a company going public is to raise capital that individuals do not have to expand the business - build new factories, hire or whatever. After all there is much more money distributed in the public than few individuals have and in exchange you get shares in the company.

I don't think GitLab is in need of that, what a lot of companies are doing now when they go public is just a method of 'cashing out'. When you have a great product as a private company your income comes from the users and you tailor and improve your product for their needs. When you go public in the above sense you're cashing out and suddenly the users shift to a product and shareholders are now what you cater for while trying to milk your 'users' as much as possible without them quitting.

Re: Gitlab S-1

#42

Post by anthony_r »

enlyth wrote: post #37
anthony_r wrote: post #33

Sorry 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

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 :))

Re: Gitlab S-1

#43

Post by bool3max »

anthony_r wrote: post #33

Sorry 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.

It's not hard. This is a .gov website and as such isn't plagued with a million external tracking and advertising/marketing scripts. It is also completely static.

Re: Gitlab S-1

#44

Post by moneywoes »

TylerJewell wrote: post #18
priansh wrote: post #6

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.

I write extensively about developer businesses and markets: https://tylerjewell.substack.com/p/developer-led-landscape-2...

What private companies do you have an eye on?

Re: Gitlab S-1

#45

Post by joelbluminator »

rvz wrote: post #12

> 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…

Buy at what price? The revenue numbers are nice but not stellar to me. Quite a big spend, the path to real earnings could be really hard.

Re: Gitlab S-1

#46

Post by foolfoolz »

statictype wrote: post #11
priansh wrote: post #6

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?

twilio is not a developer tool. twilio is a communications company that has great developer outreach

Re: Gitlab S-1

#47

Post by riffic »

HideousKojima wrote: post #34
statictype wrote: post #11

Earlier quoted context omitted.

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.

Docker has never gone public.

https://www.crunchbase.com/organization/docker

Re: Gitlab S-1

#48

Post by easton »

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 different strategy. Most of these tools (GitHub, Azure DevOps, Jira) only cover some of it (GitHub and ADO can both do deployments and code storage and ticketing, but not any of the monitoring stuff or security stuff, as an example), and even then people often bolt on whatever they like anyway. But with GitLab betting that people will pay more (a lot more if you want everything -- $99 per month), is anyone actually doing that at scale?

Because for $20 per user per month (the middle tier), I'd just spend the extra buck to get GitHub, given that the features in that tier are very similar (GitHub doesn't have complex issue management yet, but it's coming). Or maybe just do the Azure DevOps $6 per user per month plan and endure the whining from the devs :P.

Re: Gitlab S-1

#49

Post by dfee »

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.

Isn’t your second sentence just a truism on the first sentence?

profit = revenue - costs

Re: Gitlab S-1

#50

Post by flafla2 »

rvz wrote: post #12

> 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…

I’m a bit concerned that they have to compete against Microsoft/Github and their engineering/marketing/sales might. In your view why do you think they will be able to coexist long term?
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