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Git a load of this: GitHub now valued at $2 billion

posted by takyon on Friday July 31 2015, @01:15AM   Printer-friendly
from the git-rich-quick dept.

Arthur T Knackerbracket gits this:

GitHub has received a $250m infusion of venture-capital cash that values the code-sharing website at $2bn.

That means it's worth more than ZenDesk ($1.78bn), slightly less than the New York Times ($2.17bn), and more than stricken Yelp ($1.87bn).

The San Francisco-based upstart said its Series-B funding round was led by VC bigwigs Sequoia Capital, Andreessen Horowitz, Thrive Capital, and Institutional Venture Partners. The round is the second major fundraising push for GitHub. In 2012, the site raised $100m in venture funding. GitHub was founded in 2008, and today has about 300 total employees.

The site reports it hosts 25 million source code repositories, and has 10 million registered users and 33 million unique monthly visits.

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  • (Score: 1, Insightful) by Anonymous Coward on Friday July 31 2015, @03:17AM

    by Anonymous Coward on Friday July 31 2015, @03:17AM (#216136)

    Corporate valuations (when dealing with the Internet) are a lot like old wine. You wouldn't drink the shit, but if there's enough dust on a very old bottle, it's worth a fortune.

    Value != cost != price. Never mix the three up.

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