GitLab Made $10.5M in Revenue with Every Employee Working from Home

Re:GitLab Made $10.5M in Revenue with Every Employee Working... by downandout on Tuesday November 13, 2018 @01:34PM (#18443447)

While I disagree that cost of living adjustments are wrong, you are likely dodging a bullet by choosing not to work for them. This company generated $10.5 million in revenue with 350 employees. That’s revenue of just $30K per employee. Since most employee salaries are likely near or above $100k, that means they have a very high burn rate. Investors won’t subsidize them forever, so it’s probably not the best place to work.

[ Parent | on HN ]

Re:GitLab Made $10.5M in Revenue with Every Employee Working... by spullara on Tuesday November 13, 2018 @01:58PM (#18443711)

During 2017 they had between 130-170 employees but I agree that the amount of revenue for that period makes me think they started scaling without finding product market fit. $10m in revenue for that size of company is very, very bad.

[ Parent | on HN ]

Re:GitLab Made $10.5M in Revenue with Every Employee Working... by gaius on Tuesday November 13, 2018 @02:02PM (#18443752)

Investors won’t subsidize them forever, so it’s probably not the best place to work.

They are counting on an acquisition. The question is who. Microsoft has Github so, Atlassian (and merge with Bitbucket), IBM or Oracle are the most likely.

[ Parent | on HN ]

Re:GitLab Made $10.5M in Revenue with Every Employee Working... by pc86 on Tuesday November 13, 2018 @02:24PM (#18443992)

I can't even imagine the dumpster fire this would turn into post-IBM or Oracle acquisition.

[ Parent | on HN ]

Re:GitLab Made $10.5M in Revenue with Every Employee Working... by shimms on Tuesday November 13, 2018 @02:23PM (#18443985)

Google is more likely and already a significant investor.

[ Parent | on HN ]

Re:GitLab Made $10.5M in Revenue with Every Employee Working... by richardwhiuk on Tuesday November 13, 2018 @02:43PM (#18444186)

I doubt Google would buy GitLab. It's an exceptionally bad fit.

GitLab's customers are primarily people who want to on-site host, and part of the SaaS marker (though I'd guess that's mostly gone to GitHub).

Google don't do Enterprise offerings well - they don't ship software.

GitLab is the pinacle of doing everything moderately well - they explicitly prioritise "Breadth over Depth" - https://about.gitlab.com/company/strategy/ - aka doing every 20%, and leaving the bugs and the missing features to the community.

Google are on the overhand fond of polishing something endlessly so they don't have support requests for it.

GitLab's source code is all opensource - Google's source code almost none of it is open source.

(BigTable, Bors, GFS, advertising stuff etc etc).

[ Parent | on HN ]

Re:GitLab Made $10.5M in Revenue with Every Employee Working... by scaryclam on Tuesday November 13, 2018 @02:39PM (#18444142)

I think you may have been down voted for the negative tone, but yes, 10m is really not great and I'd imagine the bigger investors are putting pressure on to improve. I'd be curious to know the net income or some sort of forcast.

[ Parent | on HN ]