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MongoDB shares jump more than 30% in $192M IPO

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Re: MongoDB shares jump more than 30% in $192M IPO

#251

Post by john_moscow »

So instructions on making a successful company in 2017:

1. Spot a non-trivial expense type applicable to most Fortune 500 companies.

2. Make a startup offering the same thing under the cost.

3. Use your network to get sales people that personally know exec-level people from Fortune 500 and will pitch the product to them.

4. Get them to sign up. Of course they'll do, you're offering it under cost at the investors' expense.

5. Show impressive revenue and customer base growth and forget the word "profitability".

6. Make an IPO and cash in before the public realizes that your might have been selling dollars for ninety cents.

Who's left holding the bag? Average Joe, who's pension fund ended up investing in a promising technology company showing exemplary revenue growth over an extended time period...

Re: MongoDB shares jump more than 30% in $192M IPO

#252

Post by ComputerGuru »

fermuch wrote: post #197
bad_user wrote: post #193

Earlier quoted context omitted.

Well, I for one think PostgreSQL is overrated. The number one reason for why people want NoSQL is horizontal scaling and for that PostgreSQL is terrible, with all available solutions being hacks that don't work.

I second this. Mongo clusters are easy to manage, and the aggregation pipeline or MapReduce engines do wonders on a sharded cluster with tons of data. That's the selling point of mongo for me.

It doesn't matter how easy to is to scale if it doesn't do it right. You can win all the internet points when it comes to speed and ease-of-use but it doesn't matter if it comes at the cost of data integrity.

Re: MongoDB shares jump more than 30% in $192M IPO

#253

Post by john_moscow »

z3t4 wrote: post #201

Whats MongoDB's business model !? Open source, and separate "enterprise" closed source version !? Are contributors OK with this or are most contributors in-house ? It seems Nginx et.al are also using this business model ... I'm thinking about starting my own open source business.

Open-source and an army of sales people that will convince big company decision-makers who don't understand what open-source is to go for the hosted solution.

Re: MongoDB shares jump more than 30% in $192M IPO

#254

Post by acdha »

jlarocco wrote: post #247
hendzen wrote: post #244

Earlier quoted context omitted.

people who don't want to get woken up if Amazon decides to terminate said i3.16xlarge...

Missed the point completely...

I think you should reconsider that dismissal: everyone needs n > 1 instances for reliability while increasingly few tasks require more {CPU,RAM,IOPs} than a single server can provide. That means that a growing percentage of problems will require clustering for reliability more than performance, and that favors the easiest to manage since in most cases every option will be fast enough.

Re: MongoDB shares jump more than 30% in $192M IPO

#255

Post by xchaotic »

Hmm, I work for a competing nosql company and the good news about the IPO is: It should raise the visibility of all database products, not just Mongo. The second part is that IPO for a database company is viable in this climate. Some of the early workers have been waiting for a long time for the IPO. I bet this spawns a new group of seed investors.

Re: MongoDB shares jump more than 30% in $192M IPO

#256

Post by xchaotic »

hamandcheese wrote: post #153
Jach wrote: post #140

Earlier quoted context omitted.

I'm continuously amazed when I hear about mongodb in use. Not over say postgres, I get that there are nosql advantages, but over literally any other nosql option. https://en.wikipedia.org/wiki/Poe%27s_law is the term you're looking for...

Which NoSQL would you prefer over mongo?

Marklogic has a much better design when it comes to durability of writes and ACID in general. Disclosure: I work for Marklogic.

Re: MongoDB shares jump more than 30% in $192M IPO

#258

Post by Diederich »

ComputerGuru wrote: post #252
fermuch wrote: post #197

Earlier quoted context omitted.

I second this. Mongo clusters are easy to manage, and the aggregation pipeline or MapReduce engines do wonders on a sharded cluster with tons of data. That's the selling point of mongo for me.

It doesn't matter how easy to is to scale if it doesn't do it right . You can win all the internet points when it comes to speed and ease-of-use but it doesn't matter if it comes at the cost of data integrity.

> It doesn't matter how easy to is to scale if it doesn't do it right.

I would refer you to an earlier comment:

> In general NoSQL solutions are optimized for certain use-cases at the detriment of others

Your definition of 'right' is absolutely not the only definition of 'right'.

More to the point: there are a lot of problem spaces where the data integrity provided by MongoDB are more than sufficient.

Re: MongoDB shares jump more than 30% in $192M IPO

#260

Post by orf »

fermuch wrote: post #197
bad_user wrote: post #193

Earlier quoted context omitted.

Well, I for one think PostgreSQL is overrated. The number one reason for why people want NoSQL is horizontal scaling and for that PostgreSQL is terrible, with all available solutions being hacks that don't work.

I second this. Mongo clusters are easy to manage, and the aggregation pipeline or MapReduce engines do wonders on a sharded cluster with tons of data. That's the selling point of mongo for me.

> with tons of data

Define tons of data. I'll bet a beer that what you say can fit on a single postgres instance and even be small enough to run fine on a cheapish developer laptop.

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