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A comment on GitLab raises $100M from Iconiq, GV, and Khosla, at $1.1B valuation. Parent comment

Re:GitLab raises $100M from Iconiq, GV, and Khosla, at $1.1B... by mbesto on Wednesday September 19, 2018 @02:18PM (#18026402)
> Good on Sid for fleecing the VCs though how GitLab ever supports that valuation is beyond me.

Good on the VCs who have deep connections to Google, Amazon, SalesForce, SAP, Oracle, Apple, etc. to make some serious money by selling GitLab to them at some point.

I am very critical of VCs, but when it comes to a market for selling software development tools, you have a limitless balance sheet out there (easily in the $200B market range).

Investors who clearly "not understanding the [software development] market" include:

Google Ventures (ya know, that Google)

Iconiq (Zuck family office provider)

Khosla (founder of Sun Microsystems)

Shaking my head...

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Re:GitLab raises $100M from Iconiq, GV, and Khosla, at $1.1B... by ipsum2 on Wednesday September 19, 2018 @06:06PM (#18028046)
> Good on the VCs who have deep connections to Google, Amazon, SalesForce, SAP, Oracle, Apple, etc. to make some serious money by selling GitLab to them at some point.

All of these companies have their own internal version control, and its highly doubtful that any of them would switch over to a third-party service.

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Re:GitLab raises $100M from Iconiq, GV, and Khosla, at $1.1B... by matthewmacleod on Wednesday September 19, 2018 @06:33PM (#18028192)
All of these companies have their own internal version control, and its highly doubtful that any of them would switch over to a third-party service.

I get the impress "selling GitLab" to them literally means selling the company to them.

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Re:GitLab raises $100M from Iconiq, GV, and Khosla, at $1.1B... by tw04 on Wednesday September 19, 2018 @07:12PM (#18028403)
Exactly how much do you think they're spending on internal version control that they could ever justify spending over a billion dollars on gitlab???
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Re:GitLab raises $100M from Iconiq, GV, and Khosla, at $1.1B... by matthewmacleod on Wednesday September 19, 2018 @07:24PM (#18028467)
Microsoft bought GitHub and it wasn’t for internal use.
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Re:GitLab raises $100M from Iconiq, GV, and Khosla, at $1.1B... by mbesto on Wednesday September 19, 2018 @09:29PM (#18029060)
There's a few people confusing the purchase of software and the purchase of a software company. Sorry for not being more clear.

I'm specifically talking about the fact that all of those companies have massive amounts of cash that they could buy the company and it would create an ROI from the profit it generates.

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Re:GitLab raises $100M from Iconiq, GV, and Khosla, at $1.1B... by devNC on Wednesday September 19, 2018 @08:24PM (#18028740)
Microsoft also had its own internal version control...
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