Brian Keller (Technical Evangelist, Microsoft) speaks about Top 5 reasons to host your next software development project on Visual Studio Online,

5- VS offers Source Control (Team Foundation or Git) on the Cloud to access anytime, anywhere

4- Collaboration among repository contributors made easier

3- Manage your project using backlog, track your work using task force and a lot of graphs

2- Visual Studio Online is for everyone ranging from Eclipse to your custom code editor

1- Free for teams up-to Five