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GitHub took VC funding in 2012. $100M from Andreessen Horowitz and SV Angel. I have no direct knowledge about their revenue stream, but profitable companies do
by eridius 12y ago
GitHub took VC funding in 2012. $100M from Andreessen Horowitz and SV Angel.
I have no direct knowledge about their revenue stream, but profitable companies don't usually seek VC funding, and I've heard from other people (who may or may not actually know what they're talking about) that they're not profitable and are relying on the VC funding to operate.
And they're certainly spending money like it's not their own. Check out their ridiculous office: https://customspaces.com/office/DhXb6EKlE9/github-office-san-francisco/ https://customspaces.com/office/DhXb6EKlE9/github-office-san.... And that bar. That's "we're spending VC money" behavior, not "we're spending our own revenue" behavior.
- e98cuenc 12y agoTheir offices are not that different from Google's por AirBnB's, which are definitely profitable. Taking VC's money is usually a sign of a company that wants to grow faster or want something else the VC may bring to the table (connections, expertise, ...) I have no idea if they are profitable or not, but your comment seems to be based entirely on heresay.