GitHub Seeks Funding At $2 Billion Valuation

Posted by Soulskill on Tuesday June 16, 2015 @09:20PM 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.

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$2b / 9m users by goose-incarnated · 2015-06-16 22:08 · 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.

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Re:If Sourceforge is any example by cHiphead · 2015-06-17 00:06 · Score: 5, Insightful

2 billion dollars of funding will bring the same sharks around.
Wtf does github need funding for exactly?

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