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The biggest surprise to me was that Github was running at a loss for a considerable amount of time. Given their roots as a bootstrapped company, I would've assu
by pg_bot 8y ago
The biggest surprise to me was that Github was running at a loss for a considerable amount of time. Given their roots as a bootstrapped company, I would've assumed that they would be more disciplined in their spending. I'm disappointed that they've decided to sell rather than go public, I would've happily been a shareholder of Github if given the choice.
- the_duke 8y agoGoing public would probaly have been near impossible with large losses and a competitive marketplace where there are alternatives available you can switch to if price is too high.
- pg_bot 8y agoThis would be true for any industry other than tech. It feels like every single tech IPO follows the same formula of going public while posting large losses. See dropbox, box, twilio, spotify, snap, or any other high profile S1 of the last 10 years and you will find that almost none of them make a profit at the time they went public.