GitLab is currently valued at 9.3 billion USD and HashiCorp is currently valued at 6.9 billion USD on the Nasdaq bourse.
Both GitLab and HashiCorp offer open-source based cloud computing tools. GitLab provides an open-source code cloud based software for code repository, collaboration and teamwork, so quality software applications can be produced. HashiCorp offers a suite of cloud computing products, which allow you to integrate cloud computing offerings from various sources.
According to my calculations, GitLab's intrinsic worth is around 90 billion USD, while HashiCorp's intrinsic value is 73 billion USD.
Cloud computing is the future of computing and thus the future of automobile, machinery, software, financial service etc. production.
Open-source code allows GitLab and HashiCrop inherent flexibility and agility. Basically, with open-source code companies are stepping on the shoulders of giants, the giants being software developers all around the world.
Marc Andreessen, the creator of Netscape browser and venture capitalists now in an interview thinks every software developer should be assigned a value of 1 million USD. And via open source a company can actually employ every software developer the world over.
That is why open-source based, cloud computing companies like GitLab and HashiCorp can potentially have huge value. If managed right, of course.
And they are very difficult to value since cloud computing is changing with the speed of light. And the growth prospects of cloud computing companies respectively can change dramatically in the matter of days. Which is true for any industry, actually. But for software development and cloud computing speed is of the essence.
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