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Not close to being profitable since we're optimizing for growth (more than doubling year over year). Cash flow positive planned no later then 2023 https://about
by sytse 7y ago
Not close to being profitable since we're optimizing for growth (more than doubling year over year). Cash flow positive planned no later then 2023 https://about.gitlab.com/company/strategy/#sequence https://about.gitlab.com/company/strategy/#sequence
- e1g 7y agoCan you confirm if GitLab increased revenue 10x in 2018? A previous profile stated the revenue was $10M in 2017 (https://www.forbes.com/sites/alejandrocremades/2019/07/21/he-built-a-1-billion-business-where-all-700-employees-work-remotely/#42d13d602aa9 https://www.forbes.com/sites/alejandrocremades/2019/07/21/he...) and this article says it is now $100M. This is a phenomenal achievement, but the valuation ought to be more than $1B at that trajectory.
- sytse 7y agoDo did not increase revenue by 10x in 2018. We more than doubled IACV (and hence revenue) in 2018.
- the-dude 7y agoThe what? https://en.wikipedia.org/wiki/Idle_air_control_actuator https://en.wikipedia.org/wiki/Idle_air_control_actuator
- vidarh 7y agohttps://about.gitlab.com/handbook/sales/#incremental-annual-contract-value-iacv https://about.gitlab.com/handbook/sales/#incremental-annual-... Amazing amount of detail of how Gitlab operates is public.