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MongoDB has filed confidentially for IPO

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31–40 of 108 posts

Re: MongoDB has filed confidentially for IPO

#31

It 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.

lol trello: https://news.ycombinator.com/item?id=3485186

Re: MongoDB has filed confidentially for IPO

#32

A side note: MongoDB now dominates the famous framework benchmark in the read benchmarks. https://www.techempower.com/benchmarks/

Here is where I point out that MongoDB dominated write benchmarks when it first came out. And then everyone complained loudly that the benchmark was writing to PostgreSQL and flushing to disk while Mongo turned off safe writes so they'd do better on the benchmark. Once that was fixed, Mongo plummeted towards the bottom of the rankings.

Best marketed database ever.

Re: MongoDB has filed confidentially for IPO

#33
post #16

A 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

Yep exactly. People fall for these benchmarks too easily (especially the ones released by 10gen themselves)

Re: MongoDB has filed confidentially for IPO

#34

It 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.

lol trello: https://news.ycombinator.com/item?id=3485186

well, there are so many... using mongodb for CRUD apps and realizing they can't do joins.

Re: MongoDB has filed confidentially for IPO

#35
post #30
post #22

Both 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.

It's not the same exact market but its essentially the same business model - build a community around an open source system and then upsell enterprise customers on support, consulting & services.

Re: MongoDB has filed confidentially for IPO

#36
post #35
post #30

Earlier quoted context omitted.

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.

It's not the same exact market but its essentially the same business model - build a community around an open source system and then upsell enterprise customers on support, consulting & services.

Big difference is in fact apparent right there in your original post: There are two (actually three plus more) vendors backing hadoop, an amorphous community based around an Apache foundation project that no commercial entity controls. This means the Hadoop ecosystem, while generating plenty of value, is not one that can be captured by a particular firm. Plus, the operational database market is ultimately far larger than the Hadoop ecosystem, and so taking a reasonable bite out of it means a materially different market. Finally, it's not just about control of the market, but the software license. Hadoop vendors have little defense of an Apache licensed stack, and face massive threats from new cloud offerings.

Re: MongoDB has filed confidentially for IPO

#37
post #28
post #22

Both 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).

Nutanix, Twilio are two recent ones (IPO'd in 2016). They both were great performers last year.

I don't have the time to dig up all the data and do a comparison of the correlation between returns on companies that used the confidentiality exception vs. companies that didn't, but it would certainly be an interesting analysis.

Re: MongoDB has filed confidentially for IPO

#38

It 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.

lol trello: https://news.ycombinator.com/item?id=3485186

that comment is over 2000 days old. wow

Re: MongoDB has filed confidentially for IPO

#39
post #36
post #35

Earlier quoted context omitted.

It's not the same exact market but its essentially the same business model - build a community around an open source system and then upsell enterprise customers on support, consulting & services.

Big difference is in fact apparent right there in your original post: There are two (actually three plus more) vendors backing hadoop, an amorphous community based around an Apache foundation project that no commercial entity controls. This means the Hadoop ecosystem, while generating plenty of value, is not one that can be captured by a particular firm. Plus, the operational database market is ultimately far larger…

Good points. For what its worth there are other successful MongoDB hosting providers - mLab (originally MongoLab), compose (originally MongoHQ), and ObjectRocket - so they (MongoDB, Inc) don't have complete control over the ecosystem, despite the AGPL licensing. Well, they do have the market for support cornered, but long term the margins on that are much lower than DBaaS.

I think a larger issue for MongoDB (& Hortonworks/Cloudera/MapR) is Amazon/GCS/Microsoft hosted services that obsolete them for many use cases. MS already has Azure DocumentDB that supports ACID transactions and has a MongoDB compatible API.

Re: MongoDB has filed confidentially for IPO

#40
post #20
post #14

Wow I had no idea they were a for profit corp, rather than an open source project. And my startup uses mongo. Mind blown! Good for them.

There's no reason a for profit company can't ship an open source project. :) MongoDB is an open source project, and the MongoDB company is a for profit corporation that ships the database and sells support and services related to it.

Yes this is true, although what happens when the profit motivated corporation doesn't make profits or loses revenue?

Isn't it more likely that a profit motivated OSS project will lose resources in this case, potentially affecting the product?

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