How GitLab CEO Sid Sijbrandij built a $1 billion business by taking an idea from another programmer, then hiring the guy

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

الإمارات العربية المتحدة أخبار أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

Sid Sijbrandij had a big idea for GitLab, a company now valued at $1 billion. The only thing is: The idea wasn't originally his.

But back when Zaporozhets was creating GitLab, Sijbrandij was a full-time software developer in the Netherlands, his home country. He loved the idea behind GitLab: a tool to track the development of open source software that was, itself, open source, so its users could add features and plug security holes, sharing them with the world.

That's how he discovered that the Fortune 500 and other giant companies were willing to pay to get additional features in GitLab, he said. Sijbrandij had to vouch that while Zaporozhets was, indeed, someone he met online, the money was going to a person he really"knew," he laughs. Although Sijbrandij now lives in San Francisco, GitLab's headquarters, the company still has an entirely remote workforce. Its 500-plus employees work in more than 50 countries withIn addition to Zaporozhets, Sijbrandij also hired another employee. Still, GitLab wasn't making enough money to support the trio, meaning that Sijbrandij couldn't afford to quit his job and work full-time at his own company. He ended pouring his life savings into GitLab.

"I gave a company with more than 100,000 people of potential users a year-long subscription for $1,500, and we spent two engineering years to make all the features they wanted," he laughs now.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Zaporozhets' home soon to become an iconic landmark in the IT industry haha only comparable to the Hewlett-Packard garage :-) By the way, lovely product and insightful story... congratulations! You all have to be glad.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 729. in AE

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Uber announces $1 billion investment into its self-driving car group, weeks before going publicThe investment from Softbank, Denso and Toyota values the division, known as the Advanced Technologies Group (ATG), at $7.25 billion and creates a newly formed corporate entity with its own board. Happy to see that many new investors are getting smarter and keeping their crypto assets offline on New Ledger Nano X Get yours now ! And Stay Safe out there. That’s a terrible idea self driving cars are more harmful than anything
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Uber Clinches $1 Billion Investment in Self-Driving-Car UnitUber Technologies Inc. said it struck a deal with investors including SoftBank Group Corp.’s tech fund for a $1 billion investment in its self-driving-car unit as the ride-hailing company prepares for an initial public offering. Nice. New York’s former World Trade Center (WTC) is the World Transportation Center (WTC) A new, ever-expanding, universal infrastructural system that guides & propels autonomous cars will emanate from “Ground Zero” in Manhattan The word “Phoenix” occurs in Nostradamus Thanks to all the chumps who let us use your cars and your time to make ourselves rich, we won't be needing you anymore though.
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »

Uber's self-driving unit secures $1-billion investment ahead of IPODenso Corp., Toyota Motor Corp. and SoftBank Group Corp.’s Vision Fund bought stakes in the self-driving unit, valuing the arm at $7.25 billion, which will help Uber fund a very costly endeavor. The whole point of 'uber' is that it's part of the on demand gig economy. If robots are doing it, then I won't use the service. Not that I trust people more but these folks aren't driving cause they like the smell of fumes and sitting in traffic.
مصدر: latimes - 🏆 11. / 82 اقرأ أكثر »

How Five Guys From California Laid The Foundation For A $670 Million Home Improvement BusinessHow 5 guys from California laid the foundation for a $670 million home improvement business: by KarstenStrauss KarstenStrauss You said 'laid' KarstenStrauss I'm pretty sure they're all the same person
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »