July 10, 2012, 11:10 AM —
GitHub, the self-proclaimed "largest code host in the world," has changed from bootstrapping to venture-capital mode with funding from Andreessen Horowitz.
A Distributed Version Control System on steroids, GitHub now supports nearly 2 million people with over 3.1 million software code repositories. In their announcement, GitHub founder Tom Preston-Werner promised to use the funding to increase their 100 person team and add a focus on enterprise sales and international users.
Mobility matters as well, since GitHub just released an app to track projects from an Android phone. Expanded support for all operating systems is planned, as are improvements to the system. But many users are suspicious of the new VC slant.
Great for GitHub
Is this a sellout?
They've never been a capital-intensive business, so it doesn't make great sense to invest substantial sums. Its more likely to change the business to one focused on maximizing profit, rather than improve the product.
kylebrown on news.ycombinator.com
They were very much profitable, and were likely able to dictate the terms of the deal. Also, the money came from one of the most, if not THE most, reputable and respected VC firms.
jammur on news.ycombinator.com
You guys are way off calling this a little-known startup. Github is HUGE in the software developer community. Most of us in Silicon Valley expect these guys to be massively successful.
Mike Mayo on wsj.com
Is the barrier to entry for competition the software to store code online, or the nearly 2 million users who collaborate using GitHub?