Re:The Cost of Developers
by ameister14 on Tuesday June 05, 2018 @09:29AM
(#17237382)
Gitlab is really open about building to a 2020 IPO
"We want to IPO in 2020, specifically on Wednesday November 18. 2020 is five years after the first people got stock options with 4 years of vesting. To IPO we need more than $100m in revenue. To achieve that we want to double Incremental Annual Contract Value (IACV) every year. We focus on an incremental number instead of growth of our Annual Recurring Revenue (ARR) because ARR growth is misleading. So far we achieved the goal of doubling IACV in 2013, 2014, 2015, 2016, and 2017."
"We want to IPO in 2020, specifically on Wednesday November 18. 2020 is five years after the first people got stock options with 4 years of vesting. To IPO we need more than $100m in revenue. To achieve that we want to double Incremental Annual Contract Value (IACV) every year. We focus on an incremental number instead of growth of our Annual Recurring Revenue (ARR) because ARR growth is misleading. So far we achieved the goal of doubling IACV in 2013, 2014, 2015, 2016, and 2017."