Re:Evernote Blows Up the ‘Fail Fast’ Gospel
by distances on Friday June 28, 2019 @02:48PM
(#20307614)
I'm not sure if you're trying to say that GitLab could be five-person company, but it's much larger. I don't think they list the number of employees, but say 56 countries so I'd wager at least two or three times that.
Re:Evernote Blows Up the ‘Fail Fast’ Gospel
by williamchia on Friday June 28, 2019 @03:14PM
(#20307875)
GitLab has 736 team members - https://about.gitlab.com/company/team/
Re:Evernote Blows Up the ‘Fail Fast’ Gospel
by woofie11 on Monday July 01, 2019 @05:54AM
(#20323859)
I am saying, exactly, that it could be, waiting in github's wings with 5 employees. They were exactly that at some point. They started in 2011, and they went for Y Combinator in 2015. They waited, and waited, and then grew. The $100 mil raise was right after MS bought github.
Gitlab also raised 100 mil on a 1.1 billion valuation fairly recently: https://www.businessinsider.com/gitlab-valuation-microsoft-g...
gitlab and bitbucket ain't github, but as github started burning, they started picking up steam. github sold for $7.5 billion. If they can get 1% of that value, that's still $75 million. If they can do so on the cheap, maintaining control, that's not a bad return. I doubt something like gitlab requires more than 5 people to do well enough to achieve that, given patient, low-overhead investors. Done well, that's $75 million returns for a $10 million investment. If you toss the investor $50 mil, and each employee $5 mil, it's not bad.
On the other hand, as far as I know, patient low-overhead investors are a myth.