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think it is a bad fit and a bad time for an IPO, their market just isnt big enough and their losing a lot of steam as of late. most importantly in terms of num

think it is a bad fit and a bad time for an IPO, their market just isnt big enough and their losing a lot of steam as of late. most importantly in terms of numbers, there is nothing going for them. they arent exactly redhat level in terms of support, nor rackspace level for subscriptions, and nor snapchat level in terms of market reach. this looks like some last effort cash out sort of deal to me. weird to say that its somewhat of a sad outcome for an once promising opensource company.

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Salgat 9y ago
They recently passed a suite of jepsen tests that finally gives them legitimacy they needed (the latest server release has very good consistency now). MongoDB is in a good place from a technical position.
- abrookewood 9y ago
  That's interesting. I've always avoided Mongo because of the general perception that it loses data, but I'll take Jepsen's tests over hearsay anyday.
  - digitalzombie 9y ago
    Well MongoDB is working with Jepsen... After several Jepsen's article on how bad MongoDB is with the Taylor Swift reference. Also the notorious wave of MongoDB hacked with terrible security defaults and several programmers blaming bootcamp coders for terrible set up. I think MongoDB had to do some damage control and wake up. They apparently are working with him now. Quick google as proof: https://aphyr.com/posts/338-jepsen-mongodb-3-4-0-rc3 https://aphyr.com/posts/338-jepsen-mongodb-3-4-0-rc3
patrickfreed 9y ago
>their market just isnt big enough the database market is one of the biggest software markets out there, if not the biggest. >their losing a lot of steam as of late at least according ot google trends, mongodb is more popular than ever. >last effort cash out sort of deal to me they're hiring like crazy and looking to grow a ton in the next year, so I don't think that's the case.
- shin_lao 9y ago
  >the database market is one of the biggest software markets out there, if not the biggest They only address a very small subset of the database market.
  - nailer 9y ago
    Passing the Jepsen tests mean they'd say they're addressing the larger part of that market, rather than document stores specifically. (I still think MongoDB, the company, isn't particularly great for the usual reasons re their past behaviour, I'm just imagining what they'd tell their investors)
- 0xADEADBEE 9y ago
  Did you consider that perhaps projection of growth is exactly what you'd do in the event of an IPO? Or that Google trends isn't a sensible heuristic for a valuation? I've down-voted you not because I disagree fundamentally (although I don't rate MongoDB) but because you are dismantling an argument badly. I hope that isn't too rude.
  - patrickfreed 9y ago
    it is exactly what you'd do in the event of an IPO. I just don't understand how investing tons of money in human capital could be considered a "cash out" as the person I was replying to put it. If anything, it's the opposite.
- dx034 9y ago
  Google Trends indicates how many new projects look for a database. Database companies typically make money with existing projects (subscription fees or occasionally new versions). I agree that MongoDB is considered for many new projects but they will have very low market share for existing enterprise projects (which is where the money is).

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Salgat 9y ago

They recently passed a suite of jepsen tests that finally gives them legitimacy they needed (the latest server release has very good consistency now). MongoDB is in a good place from a technical position.

abrookewood 9y ago
That's interesting. I've always avoided Mongo because of the general perception that it loses data, but I'll take Jepsen's tests over hearsay anyday.
- digitalzombie 9y ago
  Well MongoDB is working with Jepsen... After several Jepsen's article on how bad MongoDB is with the Taylor Swift reference. Also the notorious wave of MongoDB hacked with terrible security defaults and several programmers blaming bootcamp coders for terrible set up. I think MongoDB had to do some damage control and wake up. They apparently are working with him now. Quick google as proof: https://aphyr.com/posts/338-jepsen-mongodb-3-4-0-rc3 https://aphyr.com/posts/338-jepsen-mongodb-3-4-0-rc3

patrickfreed 9y ago

>their market just isnt big enough the database market is one of the biggest software markets out there, if not the biggest. >their losing a lot of steam as of late at least according ot google trends, mongodb is more popular than ever. >last effort cash out sort of deal to me they're hiring like crazy and looking to grow a ton in the next year, so I don't think that's the case.

shin_lao 9y ago
>the database market is one of the biggest software markets out there, if not the biggest They only address a very small subset of the database market.
- nailer 9y ago
  Passing the Jepsen tests mean they'd say they're addressing the larger part of that market, rather than document stores specifically. (I still think MongoDB, the company, isn't particularly great for the usual reasons re their past behaviour, I'm just imagining what they'd tell their investors)
0xADEADBEE 9y ago
Did you consider that perhaps projection of growth is exactly what you'd do in the event of an IPO? Or that Google trends isn't a sensible heuristic for a valuation? I've down-voted you not because I disagree fundamentally (although I don't rate MongoDB) but because you are dismantling an argument badly. I hope that isn't too rude.
- patrickfreed 9y ago
  it is exactly what you'd do in the event of an IPO. I just don't understand how investing tons of money in human capital could be considered a "cash out" as the person I was replying to put it. If anything, it's the opposite.
dx034 9y ago
Google Trends indicates how many new projects look for a database. Database companies typically make money with existing projects (subscription fees or occasionally new versions). I agree that MongoDB is considered for many new projects but they will have very low market share for existing enterprise projects (which is where the money is).