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GitHub Seeks Funding At $2 Billion Valuation

Posted by Soulskill on from the accepting-pull-requests-from-the-bank dept.

itwbennett writes: GitHub, the most popular Git hosting site, is reportedly seeking $200 million in an upcoming private funding round that values the company as high as $2 billion. "GitHub is an interesting company," said analyst Frank Scavo, president of Computer Economics. "It is partly a hosting service for developers and partly a social media site." And it's a great place to recruit developers. But company-specific factors aside, there's also a lot of money in the market "looking for homes," said Rob Enderle, principal analyst with Enderle Group.

4 of 80 comments (clear)

  1. If Sourceforge is any example by opus_magnum · · Score: 4, Interesting

    does it mean they will become like them after they're bought?

    1. Re:If Sourceforge is any example by Anonymous Coward · · Score: 4, Interesting

      Let's hope not, it's been a great service up until today at least.

      SourceForge has gone so down that even their mirror hosts are evaluating whether they should provide them resources anymore. There's been a campaign aimed at SourceForge's mirrors to get them to cut their cooperation. It's been somewhat successful and got a lot of attention after people realized SourceForge had hijacked Firefox, too, among other big open-source projects.

  2. Enderle? by NaCh0 · · Score: 4, Interesting

    That Enderle guy is still around? He has been so discredited that it's amazing. One thing is for certain, whatever his opinion, the opposite will be true.

  3. I am surprised by Daniel+Hoffmann · · Score: 3, Interesting

    I am surprised that github still does not have a job board on the site, not only is it a MAJOR money income, it is also quite useful for the devs themselves. It is one of the few win-win monetization situations as long as the user can opt-out of seeing the job ads. Pretty much any job ad that asks you to send your github profile would be advertising there.