The social identity and open source hosting have strong network effects that would warrant a high valuation. The enterprise functionally has much less network effects and using the power of open source we're able to offer a compelling product for less than $5/month per user. I wonder what other people think, is the value in the GitHub.com offering that has a moat due to the network effects but doesn't generate much revenues or is the value in the enterprise product that generates revenues but has much smaller network effects.