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Jetbrains founders turn billionaires without VC help

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Re: Jetbrains founders turn billionaires without VC help

#71

Isn't JetBrains a Russian company that moved their HQ to Prague due to fear of Russian government?

It's just marketing & taxes (I assume).

Everything else is in St.Petersburg. Not too long ago they even bought[1] hotel complex for their office.

Now they are building another business center[2] near by.

[1] https://vc.ru/office/83175-ofis-jetbrains-v-sankt-peterburge [2] https://nsp.ru/5683-mozgi-sobirayutsya-u-gazproma

Re: Jetbrains founders turn billionaires without VC help

#72
post #3

Ok so everyone knows and loves JetBrains. What's their worst product so far?

I always disliked the name IntelliJ IDEA by JetBrains. It has a product name, a comany name, and something else that until today (15 years after I used it for the first time) is still unclear to me. I mean wouldn't IntelliJ not have been enough? Or IntelliJ IDEA by IntelliJ? It is a fantastic product, but the name?

Re: Jetbrains founders turn billionaires without VC help

#73
I canceled all my personal jetbrains products a few years ago after meeting some of their team at GopherCon.

I vote with my money and I was a 5+ year subscriber up until that point. I visited their booth with same enthusiasm as other posters here and lavished praise on their tooling and talked about how excited I was for their Go IDE and they just stared at me and said “Ok, thanks”.

Something so empty and almost a pretentious kind of tone when it was said was a massive turnoff. Why even come to a conference if you don’t want to engage with your users?

I don’t expect my story to change any hearts or minds and I still use their tools when a company provides them for Java work but I’ve replaced my usage of their other tools with VS Code and plug-ins for my personal projects.

Re: Jetbrains founders turn billionaires without VC help

#74
Very, very well deserved! Great software at very reasonable prices. I had the ultimate collection (or whatever the package including all IDEs is called) for 3 or 4 years and it even encourages me to try out new languages once in a while. Its an excellent offering!

Re: Jetbrains founders turn billionaires without VC help

#75

I canceled all my personal jetbrains products a few years ago after meeting some of their team at GopherCon. I vote with my money and I was a 5+ year subscriber up until that point. I visited their booth with same enthusiasm as other posters here and lavished praise on their tooling and talked about how excited I was for their Go IDE and they just stared at me and said “Ok, thanks”. Something so empty and almost a pr…

Cutting off the nose to spite the face

Re: Jetbrains founders turn billionaires without VC help

#76
post #40
post #4

I don’t get it though, why not just go public now and get tons of money? The IPO may never fetch as high of a price as it would now, even if the company gets more valuable in the future.

Did you read the headline? They are BILLIONAIRES. For some people that is enough money and they focus on different values.

But only in the sense of having a company that "is worth about $7 billion" according to some estimates. The point of the discussion is that they could convert that to real money that could be used to buy other assets (but no-one is forcing them to do so, so they really have the choice).

Re: Jetbrains founders turn billionaires without VC help

#77

I canceled all my personal jetbrains products a few years ago after meeting some of their team at GopherCon. I vote with my money and I was a 5+ year subscriber up until that point. I visited their booth with same enthusiasm as other posters here and lavished praise on their tooling and talked about how excited I was for their Go IDE and they just stared at me and said “Ok, thanks”. Something so empty and almost a pr…

Is it possible the booth was ran by marketing and not developers? Either way thats pretty awful.

Re: Jetbrains founders turn billionaires without VC help

#78
post #13
post #2

What a great story. Profitable company, great product, simple and honest business model and no VC funding.

It's also pretty consumer-friendly. Every year I get an email from them around November reminding me my subscription will renew in February, and then a couple more reminders along the way.

The “subscription but keep forever on cancel, sans updates" licence model is just so much more honest than pretending that purchases would be one-time investments and so much less of a risk for the buyer than a hard-stop subscription.

I think it's also good for the product, the right balance between the failure modes of being able to milk existing subscribers even without maintenance for the hard subscription and change for the sake of change that you see with classic one-time licencing where reasons for paid updates have to be invented even when there is nothing to improve (edit: how many great products have been ruined by this?).

Re: Jetbrains founders turn billionaires without VC help

#79

A year using IntelliJ for React/Node and still trying to find my way around the IDE (IntelliJ). It seems powerful as is, but I feel like I'm not using it to the full extent Any tips?

I can't find it right now, but there's a video from a conference where one of the IntelliJ developers show how to work with it productively... it really changed how I use it and made me much better at it.

One of the things that struck me the most was that you shouldn't use tabs... They are very inefficient at navigating between files... Use the file switcher (Cmd+E on Mac) to switch between recent files, or type search (Cmd+O on Mac, followed by initial letters of the words, e.g. to find FooBarClass type 'fbc') for anything else... and disable tabs in preferences.

Another good one is to use `Cmd+Shift+A` to search by action (e.g. Cmd+shift+A > "show bytecode")... with time you either start remembering the shortcut which is shown when you select the action, or you just get used to searching it this way which takes just a second anyway. One more hint: navigate between implementation/definition using Cmd+B on Mac (don't remember the Windows/Linux shortcut) which alternates between the two things, so you can go back and forward using just that! Talking about moving back/forwards, on Mac, use Cmd+[ to go back to previous lines you were editing, and Cmd+] to go forwards again (very handy to look back at what you had been doing before then moving back where you stopped).... oh, there's so much more... just watch some videos on YouTube and practice the hints you like the most.

Re: Jetbrains founders turn billionaires without VC help

#80
post #30

if JetBrains people are reading this, I want to say THANK YOU! You saved lots of developer time with IDE, then Kotlin language. I use Golang, Python and Database IDEs, and they are really nice and time saving, can't imagine how much time you guys saved to Java developers where everything is reflection based annotations and deep level of abstract class/interface implementations. (last time when I worked with Java in V…

I just bought a personal IDE licence a few days ago. JetBrains makes one of the best IDEs I've ever used, and I consider that 100€ well spent.

IntelliJ was crashing repeatedly for a few days and I was really sad I would have to use a different IDE until I found out I could change which VM was used. I've had IntelliJ even tho my company would have got my PHPStorm just so I could code during my free time in other languages in comfort.
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