Sid Sijbrandij knows a thing or two about building, scaling and even walking away from companies. His current venture is doing over $100 million in revenue and is valued at over $1 billion.
Sid says it is important that shares “are aligned with their contribution to the company. It's very important if you start a company to have vesting of your shares as well.” He made a balanced scorecard of all the different ways to make that decision. One of the criteria being,"Is this a good story to tell in a bar?" He showed his dad who said it was a ridiculous way to decide on your career but was very supportive either way.
During this time, he really got to know himself, and how fast-growing companies with a continuous string of problems to be solved were what kept him interested.After starting and selling app store Appappeal, Sid turned open-source software GitLab into a fast-growing venture that is on its way to an IPO in 2020.
There was so much interest in their seed round, they rolled right into the Series A financing round. They’ve since followed that up with a B, C and D financing rounds, raising a total of $158 million at $1.1 billion valuation.
NaijaFlyingDr This is the CEO of GitLab .. Very awesome company ... all employees from sales to engineers all work remotely ..
This is awesome! Where is this?
Didn’t uber already do that much more impressively.
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