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MongoDB has received a huge amount of venture funding: $311M vs $12.2M for RethinkDB. That makes a big difference how far you can grow as a business if you use
by hodgesrm 10y ago
MongoDB has received a huge amount of venture funding: $311M vs $12.2M for RethinkDB. That makes a big difference how far you can grow as a business if you use the money even half-way rationally.
Given that the market for document DBMS is pretty small to begin with it's tough to beat a 25x difference in budget unless you have a product that is a complete game-changer. It will be interesting to see Slava's analysis. Meanwhile I wish the team and RethinkDB users well. DBMS start-ups are damn tough to pull off.
- misterbowfinger 10y agoI originally thought funding would play a big role, but the early, 2-3 year period of funding for both is comparable: RethinkDB, 2009-11 = $4.2MM MongoDB, 2008-2009 = $4.9MM It's true that MongoDB quickly closed on a $6.5MM Series C in Dec of 2010, one year after their Series B. For Rethink, it took them another 2 years to get the last $8MM. There's no question that MongoDB was "better" at raising more money, faster. I'm just thinking out loud here, but I wonder if MongoDB made a conscious tradeoff to sacrifice good tech to have better marketing & sales early on. Crunchbase links here: - https://www.crunchbase.com/organization/mongodb-inc/funding-rounds https://www.crunchbase.com/organization/mongodb-inc/funding-... - https://www.crunchbase.com/organization/rethinkdb/funding-rounds https://www.crunchbase.com/organization/rethinkdb/funding-ro...
- lmeyerov 10y agoNo, still diff league: if 50% went to dev, 10 devs << 20. For example, 1-2 parallel teams could focus purely on monetization: managed hosting, weird enterprise features, sales engineering, etc. Compounding returns on that turn into more funding, and history unfolds.