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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.

6 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. Re:If Sourceforge is any example by cHiphead · · Score: 5, Insightful

      2 billion dollars of funding will bring the same sharks around.

      Wtf does github need funding for exactly?

      --

      This is my sig. There are many like it, but this one is mine.
  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. $2b / 9m users by goose-incarnated · · Score: 5, Insightful

    So each user is worth $222? Please... this has all the characteristics of a bubble. There is no way they are ever going to be able to monetize users to the tune of $222/user.

    --
    I'm a minority race. Save your vitriol for white people.
  4. Re:How the fuck is it "hijacking"? by GuB-42 · · Score: 4, Insightful

    Firefox may be open source software but the name "Firefox" and the logo are not.
    So you can freely change and redistribute Firefox but if you want to call it Firefox, you need Mozilla's permission. Only if you decide to call it something else, like "Iceweasel", you are free to do whatever you want as long as you respect the copyleft.