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GitHub Takes $100M From VC King Andreessen-Horowitz

aneroid (856995) writes | more than 2 years ago

0

aneroid writes "GitHub has partnered with Andreessen-Horowitz for a $100 million investment, a first for the 'Social Coding' site. Quoting wired, '[github] had intentionally held off on venture funding for the first four years of its life...Not having investors "makes sure that we optimize for customer happiness," said co-founder Tom Preston-Werner.' So why now? 'Because we want to be better. We want to build the best products. We want to solve harder problems. We want to make life easier for more people. The experience and resources of Andreessen Horowitz can help us do that.' Interestingly, Linus Torvalds, the inventor of git, has some issues with GitHub's translation of git for the web. However he also says, 'The hosting of github is excellent. They’ve done a good job on that. I think GitHub should be commended enormously for making open source project hosting so easy.'"
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