Will meet similar fate like Twitter, Snapchat...
Perhaps, but wouldn't it make sense to compare them to another software infrastructure company, rather than social networks?
MongoDB has filed confidentially for IPO
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Re: MongoDB has filed confidentially for IPO
#22Both Hortonworks & Cloudera are the most similar recent IPOs. Hortonworks is below the offering price, Cloudera has been basically flat. And this is in the context of an insane bull market for tech stocks and the market in general.
So we will see how this turns out. It's been a couple years since they last raised funding so its possible they didn't really have another choice. Chances are if the numbers on the S-1 were truly great they wouldn't have done it confidentially.
Re: MongoDB has filed confidentially for IPO
#23I have never heard of a confidential IPO, how does this differ from any other IPO that is in the news?
Starting with the JOBS Act (in 2012), certain smaller companies under a revenue threshold were allowed to file their initial draft registration statements with the SEC confidentially. It was meant to encourage startups to go public and avoid the public eye while they negotiated their registration statements with the SEC. It all goes public before the IPO.
Thanks for this information.
Re: MongoDB has filed confidentially for IPO
#24A side note: MongoDB now dominates the famous framework benchmark in the read benchmarks. https://www.techempower.com/benchmarks/
With 1.4% more performance than PostgreSQL, and far less guarantees w.r.t. schema. Yeah, that's not hard. It's surprising it took them this long. EDIT: The performance comparison that was linked, and that I was referring to: http://i.imgur.com/Thk5DlU.png
Edit: I'm dumb (and bad at reading words).
I don't believe this assessment is entirely fair -- MongoDB essentially commits every write to a majority quorum of nodes.
Remind me again how many machines a standard Postgres INSERT/UPDATE commits to?
(Disclaimer: I still like Postgres better.)
Re: MongoDB has filed confidentially for IPO
#25Earlier quoted context omitted.
With 1.4% more performance than PostgreSQL, and far less guarantees w.r.t. schema. Yeah, that's not hard. It's surprising it took them this long. EDIT: The performance comparison that was linked, and that I was referring to: http://i.imgur.com/Thk5DlU.png
Edit: I'm dumb (and bad at reading words). I don't believe this assessment is entirely fair -- MongoDB essentially commits every write to a majority quorum of nodes. Remind me again how many machines a standard Postgres INSERT/UPDATE commits to? (Disclaimer: I still like Postgres better.)
The benchmark measures almost exclusively read performance, so that's not really a question.
Now the real question is why mongodb isn't faster than postgresql in this test. MongoDB gives so many guarantees up just to get more performance, and then looses to PostgreSQL? This is the worst trade deal in the history of trade deals.
Re: MongoDB has filed confidentially for IPO
#26It looks like the NoSQL movement was just a fad and plenty of startups got burned by it and some still stuck with this tech , writing inefficient workarounds for something that comes OTB with the regular SQL databases.
Re: MongoDB has filed confidentially for IPO
#27Earlier quoted context omitted.
Edit: I'm dumb (and bad at reading words). I don't believe this assessment is entirely fair -- MongoDB essentially commits every write to a majority quorum of nodes. Remind me again how many machines a standard Postgres INSERT/UPDATE commits to? (Disclaimer: I still like Postgres better.)
The benchmark measures almost exclusively read performance, so that's not really a question. Now the real question is why mongodb isn't faster than postgresql in this test. MongoDB gives so many guarantees up just to get more performance, and then looses to PostgreSQL? This is the worst trade deal in the history of trade deals.
Oh oops, totally misread "read" as "write" :P
Re: MongoDB has filed confidentially for IPO
#28Both Hortonworks & Cloudera are the most similar recent IPOs. Hortonworks is below the offering price, Cloudera has been basically flat. And this is in the context of an insane bull market for tech stocks and the market in general. So we will see how this turns out. It's been a couple years since they last raised funding so its possible they didn't really have another choice. Chances are if the numbers on the S-1 wer…
Do you have any info that companies that don't have great numbers tend to file S-1's confidentially compared to companies with great numbers?
In my experience, companies that can file confidentially will, regardless of their numbers (and I think all companies now have the option to do so).
Re: MongoDB has filed confidentially for IPO
#29Both Hortonworks & Cloudera are the most similar recent IPOs. Hortonworks is below the offering price, Cloudera has been basically flat. And this is in the context of an insane bull market for tech stocks and the market in general. So we will see how this turns out. It's been a couple years since they last raised funding so its possible they didn't really have another choice. Chances are if the numbers on the S-1 wer…
It's worse than that, cloudera went public at a valuation below the price set during their last round of fundraising. Also, people are bullish on tech companies that are consumer tech related or are in the enterprise space serving industries not relating to tech directly. P/E ratios for companies like oracle, ibm and cisco aren't that high.
Re: MongoDB has filed confidentially for IPO
#30Both Hortonworks & Cloudera are the most similar recent IPOs. Hortonworks is below the offering price, Cloudera has been basically flat. And this is in the context of an insane bull market for tech stocks and the market in general. So we will see how this turns out. It's been a couple years since they last raised funding so its possible they didn't really have another choice. Chances are if the numbers on the S-1 wer…
MongoDBs market is not exactly the same as the Hadoop vendors' although there are overlaps. One of the biggest driver of adoption for mongo are projects that start out as small, rapidly done prototypes and then grow large. It's really easy to start with and scale to decent amounts of data with mongodb.