GitHub raises $100 Million in funding

[pocketrockets]

Not bad for 4 yrs time, lol.

The round also marks the biggest check written to date by venture-capital firm Andreessen Horowitz, which is leading GitHub's financing and putting in more than 99% of the money. The funding values four-year-old GitHub at $750 million, said a person briefed about the deal.

They had a vision for a new way to develop software and created a new kind of company to pursue it. With only a handful of people in sales and marketing, the four grew the company to over 100 people, while growing revenue at nearly 300% annually—and profitably nearly the entire way.

Coding Start-Up Raises $100 Million - WSJ.com

 

[papajohn56]

the fuck do they need $100mm for

 

[crackp0t]

the fuck do they need $100mm for

Lots of aeron chairs. What else would they spend the money on?

 

[Rage9]

the fuck do they need $100mm for

That's the question. Host git repos? Bank hard. BRB setting up new business model.

 

[CCLIND]

the fuck do they need $100mm for

 

[shopdeal]

the fuck do they need $100mm for

For Partying like Rick Ross, you know geeks to need to spend more. Project X comes to mind.

 

[r3p1v]

Not bad for 4 yrs time, lol.

Actually, that is bad, Groupon was worth 6 billion after like 2 years, I'm disappointed...

the fuck do they need $100mm for

So they can raise $500 million a few months from now at triple or quadruple the valuation.

 

[shawnhag]

thats a nobrainer for tech investors