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From what I can tell 5 out of 7 board seats are owned by VCs and it's very unlikely the founders retain majority shares given their 5 rounds of funding. So I do
by marcinzm 8y ago
From what I can tell 5 out of 7 board seats are owned by VCs and it's very unlikely the founders retain majority shares given their 5 rounds of funding. So I doubt it's their call to make in any way.
- bdcravens 8y agoI can promise you they are already in talks with at least one large company. You know those phones started ringing when Microsoft bought Github. I'm not ready to believe that Goldman Sachs is now a principles over profit kind of company.
- sonnyblarney 8y agoIf one takes GitLab's communication entirely at face value, one might consider there is some kind of 'principled' thing going on here, but I suggest that 'it's just a business' and that GitLab isn't some shiny example of much, other than a well run entity. All of the 'everyone can do this' language in their communications, is just that, communications, it has a cognitive resonance with words such as 'equality' which appeal to some (well, all of us in a way) - but it's marketing. The are what they are because it works for those involved, and also makes them money. Many boring business without fancy communications provide immense surpluses to the world.