Excerpt from Bloomberg.com
July 9, 2012
For years, GitHub has been courted by venture capitalists eager to invest in the online community for software programmers. For years, GitHub’s founders politely declined the offers, pointing out that the company has been profitable since its founding in 2008 and doesn’t need the extra cash.
Until now.
Today, Andreessen Horowitz announced it has invested $100 million in GitHub, in what is the single largest financing by the VC firm co-founded by Web pioneer Marc Andreessen. The investment values four-year-old GitHub at about $750 million, said a person familiar with the deal who asked not to be named because its terms were private.