think it is a bad fit and a bad time for an IPO, their market just isnt big enough and their losing a lot of steam as of late.
most importantly in terms of numbers, there is nothing going for them. they arent exactly redhat level in terms of support, nor rackspace level for subscriptions, and nor snapchat level in terms of market reach.
this looks like some last effort cash out sort of deal to me. weird to say that its somewhat of a sad outcome for an once promising opensource company.
They recently passed a suite of jepsen tests that finally gives them legitimacy they needed (the latest server release has very good consistency now). MongoDB is in a good place from a technical position.
Passing the Jepsen tests mean they'd say they're addressing the larger part of that market, rather than document stores specifically.
(I still think MongoDB, the company, isn't particularly great for the usual reasons re their past behaviour, I'm just imagining what they'd tell their investors)
Did you consider that perhaps projection of growth is exactly what you'd do in the event of an IPO? Or that Google trends isn't a sensible heuristic for a valuation?
I've down-voted you not because I disagree fundamentally (although I don't rate MongoDB) but because you are dismantling an argument badly. I hope that isn't too rude.
it is exactly what you'd do in the event of an IPO. I just don't understand how investing tons of money in human capital could be considered a "cash out" as the person I was replying to put it. If anything, it's the opposite.
Google Trends indicates how many new projects look for a database. Database companies typically make money with existing projects (subscription fees or occasionally new versions).
I agree that MongoDB is considered for many new projects but they will have very low market share for existing enterprise projects (which is where the money is).
most importantly in terms of numbers, there is nothing going for them. they arent exactly redhat level in terms of support, nor rackspace level for subscriptions, and nor snapchat level in terms of market reach. this looks like some last effort cash out sort of deal to me. weird to say that its somewhat of a sad outcome for an once promising opensource company.