This is the standard HN effect. I also love when I think some startups are killing it based on what I read here; but then they end up shutting down soon after due to a lack of any real revenue model.
Also: Gitlab also has to exit one day. The only question is who buys them.
Meanwhile, the biggest player (by far) in the market just abandoned dreams of an IPO. Gitlab is a distant third place in that market, and has a revenue model that is best described as “like Github, but cheaper.”
IPOs are only viable if you have a business capable of supporting them.
Aha, I thought I may find you on this thread, once again pushing the same line.
Source: Gitlab guy in one of the many, many, many Gitlab or Github threads recently.