51–60 of 85 posts
One year after their IPO? I don't get this. Why didn't they buy it last year paying a premium over the 17 USD a share of their public offering instead of paying a premium over the current 33 USD (or 40 USD I guess)? I don't understand the rationale behind these deals.
Question is why would MuleSoft sell itself if they thought they'd be worth more a year later?
Presumably, there was a reason.
One year after their IPO? I don't get this. Why didn't they buy it last year paying a premium over the 17 USD a share of their public offering instead of paying a premium over the current 33 USD (or 40 USD I guess)? I don't understand the rationale behind these deals.
Usually in a big-enough company the least efficient thing happens instead of the most efficient thing. But the advantage of the big company is that it can play bigger games than your average small company. And if a small company succeeds at playing bigger then you can still buy it. So despite what HR and your manager might tell you, efficiency is not as important for survival.
Earlier quoted context omitted.
I'm in the right business too, and one of the things I've realized is that it's not about building software developers need. It's about building software that people authorized to spend a lot of money think the enterprise needs. It's dazzling to listen the Mulesoft folks talk about experience APIs and system APIs while dragging and dropping stuff. I can see why people would go for it.
At my previous job I had to write code to consume mulesoft APIs. Was miserable project, Mulesoft is literally hot garbage.
One year after their IPO? I don't get this. Why didn't they buy it last year paying a premium over the 17 USD a share of their public offering instead of paying a premium over the current 33 USD (or 40 USD I guess)? I don't understand the rationale behind these deals.
Could this be related to the tax law changes?
Earlier quoted context omitted.
I'm in the right business and I still don't understand why I'd ever need this kind of software.
I'm in the right business too, and one of the things I've realized is that it's not about building software developers need. It's about building software that people authorized to spend a lot of money think the enterprise needs. It's dazzling to listen the Mulesoft folks talk about experience APIs and system APIs while dragging and dropping stuff. I can see why people would go for it.
Makes me wonder if we will see a Zapier IPO soon. It's a crowded space, integration as a service, and in need of consolidation. Zapier doesn't have MuleSofts enterprise street cred because IMHO weak B2B marketing, but the infrastructure is there.
I don't doubt that Zapier can get there but there is still some way to go even on the infrastructure side.
Earlier quoted context omitted.
Question is why would MuleSoft sell itself if they thought they'd be worth more a year later?
MuleSoft did sell itself; that's what an IPO is. Presumably, there was a reason.
Earlier quoted context omitted.
Seems more likely that they want the database connections than the revenue. Everyone in the Salesforce ecosystem is writing Integrations into other platforms and if they make it easier to ingest data in Salesforce and keep you there it will be more sticky.
As someone who just finished a custom caching solution for Salesforce-backed data I couldn't agree more. There are a number of solutions out there that attempt to mirror salesforce to i.e. Postgres, but they are expensive. Plenty of people want to leave Salesforce but are caught in by the cost of exfiltration. That said Salesforce isn't THAT bad. There are plenty of edge cases, dark spots in documentation, shitty pri…
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I'm in the right business and I still don't understand why I'd ever need this kind of software.
Well, the promise is a kind of drag-and-drop [1], mix-and-match [2], transform these data fields this way, make a decision off of these other data fields, and ship it there kind of integration. Extra points for having a Store for others' components [3], and optionally doing it in the Cloud [4]. Their site has been tailored to convert executive-types on every buzzword, from Microservices [5] to DevOps [6] to Mobile [7…
Earlier quoted context omitted.
I'm in the right business and I still don't understand why I'd ever need this kind of software.
I'm in the right business too, and one of the things I've realized is that it's not about building software developers need. It's about building software that people authorized to spend a lot of money think the enterprise needs. It's dazzling to listen the Mulesoft folks talk about experience APIs and system APIs while dragging and dropping stuff. I can see why people would go for it.
Obviously nothing that could not be done with a bunch of decent Python devs, but that is not sustainable in the long term for most enterprise business models.