14 ms·
> we won because we started at the right time and we had taste. 2012, https://a16z.com/announcement/github/ https://a16z.com/announcement/github/ We just in
by transpute 2y ago
> we won because we started at the right time and we had taste.
2012, https://a16z.com/announcement/github/ https://a16z.com/announcement/github/
We just invested $100M in GitHub. In addition to the eye-popping number, the investment breaks ground on two fronts:
It’s the largest investment we’ve ever made.
It’s the only outside investment GitHub has ever taken.
2018, https://web.archive.org/web/20180604134945/https://a16z.com/2018/06/04/microsoft-buys-github-for-7-5-billion/ https://web.archive.org/web/20180604134945/https://a16z.com/...
Six years ago we invested an “eye-popping” $100 million into GitHub. This was not only a Series A investment and the first institutional money ever raised by the company, but it was also the largest single check we had ever written.. At the time, it had over 3 million Git repositories — a nearly invincible position.. if I ever have to choose between a group of professional business managers or a talented group of passionate developers with amazing product-market fit like GitHub, I am investing in GitHub every time.
- schacon 2y agoWhat is the point you're trying to make here?
- transpute 2y agoDid $100M investment help Github to win, or had Github already won in 2012 with profitability and 3M git repos?
- schacon 2y agoI would argue that GitHub already won in 2012. The investment helped us grow in a different way, but I don't think anyone involved in that deal would have said that we had almost any serious competitive threats at the time, which is to some degree why it was such a great deal.
- mardifoufs 2y agoBitbucket got funded before GitHub did, and yet GitHub was still bigger before they got any investment.