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This is the standard HN effect. I also love when I think some startups are killing it based on what I read here; but then they end up shutting down soon after d
by hari_seldon_ 8y ago
This is the standard HN effect. I also love when I think some startups are killing it based on what I read here; but then they end up shutting down soon after due to a lack of any real revenue model.
- craftyguy 8y agoGiven how 1) he's provided no evidence to support his claim, 2) he would never publicly say "a significant number of users have moved", and 3) gitlab has a public tracker showing thousands of projects being imported, I'd take his comment with a large grain of salt.
- gaius 8y agoGithub has 28 million users with 85 million repos. Thousands is a very small proportion. Also: Gitlab also has to exit one day. The only question is who buys them.
- n42 8y agohow active are those users and repositories? both of these statistics are meaningless without additional context
- Semaphor 8y agoFWIW, Gitlab would prefer an IPO and they say they are on track for it. Source: Gitlab guy in one of the many, many, many Gitlab or Github threads recently.
- fipple 8y agoEveryone says they’d prefer an IPO but a lot of them change their minds when a man puts a $7.5 billion check on the table.
- skinnymuch 8y agoGitlab isn’t going to say no to $7.5B or any number close to that. They are also more venture backed compared to GitHub.
- hultner 8y agoDo they? Are they backed by capital pushing for an “Exit”, and even if so, couldn’t an IPO be a viable option?
- irq11 8y agoThey’ve taken a big pile of VC funding, so the answer to your first question is yes. Meanwhile, the biggest player (by far) in the market just abandoned dreams of an IPO. Gitlab is a distant third place in that market, and has a revenue model that is best described as “like Github, but cheaper.” IPOs are only viable if you have a business capable of supporting them.
- gaius 8y agoThere are only two possibilities I see: acquired by Atlassian and merged with Bitbucket, or by a low-tier cloud player with deep pockets such as Aliyun or Oracle. The IPO market just isn’t that buoyant at the moment.
- inks 8y agoOracle has been looking at GitLab since the Microsoft acquisition of GitHub.
- Jedd 8y ago> ... that is best described as “like Github, but cheaper.” Aha, I thought I may find you on this thread, once again pushing the same line.
- skinnymuch 8y agoIs Gitlab a distant third? I didn’t know if they are in second place or not. But distant seems too much. Is Bitbucket in second place? Any numbers or references you have?
- deleted 8y ago[deleted]