GitHub Is Building a Coder’s Paradise. It’s Not Coming Cheap

The VC-backed unicorn startup lost $66 million in nine months of 2016, financial documents show.

Sequoia Capital led a $250 million investment in mid-2015. But GitHub management may have been a little too eager to spend the new money. The company paid to send employees jetting across the globe to Amsterdam, London, New York and elsewhere. More costly, it doubled headcount to 600 over the course of about 18 months.

.. At least a dozen members of GitHub’s leadership team have left since last year, several of whom expressed unhappiness with Wanstrath’s management style. GitHub says the company has flourished under his direction but declined to comment on finances. Wanstrath says: “We raised $250 million last year, and we’re putting it to use. We’re not expecting to be profitable right now.”

.. In GitHub’s cultural hierarchy, the coder is at the top.

.. The big differentiator for GitLab is that it was designed for the enterprise, and GitHub was not,” says GitLab CEO Sid Sijbrandij. “One of the values is frugality, and this is something very close to our heart. We want to treat our team members really well, but we don’t want to waste any money where it’s not needed. So we don’t have a big fancy office because we can be effective without it.”