Re:GitHub Raises $250M at $2B Valuation
by danieltillett on Wednesday July 29, 2015 @11:48PM
(#9973080)
I know SV is the center of the current tech boom, but one of the things this time around is the startup economy is much larger and more wide spread. There seems to be many more startups outside of the traditional centers which is good.
While I agree with you that things are different this time, I still suspect that there is a fair bit of growth acceleration coming from startup dollars being recycled back through the startup economy.
One of the salient differences between the 90s tech bubble and our current state of affairs is that in the 90s Yahoo sold to startups justifying a higher valuation for Yahoo justifying more startups... and this largely doesn't happen now.
I haven't worked with Github but I have worked with many companies which are "strikingly similar" to Github. Their median customer is a boring business which sells things to people for money. If the entire Bay Area slid into the sea, most software companies wouldn't notice until their pull requests stopped getting accepted.