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Back then, when they were the age 10gen/MongoDB is now, nobody valued those companies at (the appropriately adjusted equivalent of) 1.2 billion, because there w

Back then, when they were the age 10gen/MongoDB is now, nobody valued those companies at (the appropriately adjusted equivalent of) 1.2 billion, because there was no clue they would be the winners. All investors then were just overly cautious? Or perhaps there are now others ways to make money off of a company, not tied to the companies actual success and the value it adds to the economy?

pc 13y ago
> Back then, when they were the age 10gen/MongoDB is now, nobody valued those companies at (the appropriately adjusted equivalent of) 1.2 billion, because there was no clue they would be the winners. Actually, MongoDB (formerly 10gen) is 6 years old. After 6 years, Salesforce's market cap was around $3 billion. (They IPO'd after 5 years.)
- hackula1 13y ago
  Ok, but Salesforce was also the fastest company to ever reach a billion dollars. They are definitely an outlier.
- Confusion 13y ago
  A market cap after n years is something different from a valuation derived from venture capital raised in prior years. Such a difference is precisely what makes for a good investment. Salesforce revenue in the year of their IPO: $96M. IPO: $110M MongoDB revenue last year: $36M [1] [1] http://wikibon.org/wiki/v/Big_Data_Vendor_Revenue_and_Market_Forecast_2012-2017#Big_Data_Vendor_Revenue http://wikibon.org/wiki/v/Big_Data_Vendor_Revenue_and_Market...
wallflower 13y ago
> nobody valued those companies at (the appropriately adjusted equivalent of) 1.2 billion One counterpoint. My friend worked at a university. This was back in the era of punch-cards. Oracle came in with their relational database sales pitch (they were basically a very small sales team). His manager (who managed the punch-carders) saw the huge potential that everyone else did not (e.g. 'never going to happen'). Bought Oracle stock right when it went public (mid-80s). Kept on buying it. Retired in her mid 40s. Now lives on her own farm, tending her own sheep (not sure if it was sheep or some other livestock), in the country.
read 13y ago
10gen's investors might have been cautious then but RethinkDB's investors can't be now. Now they see what the upper limit for RethinkDB can be too.

pc 13y ago

> Back then, when they were the age 10gen/MongoDB is now, nobody valued those companies at (the appropriately adjusted equivalent of) 1.2 billion, because there was no clue they would be the winners. Actually, MongoDB (formerly 10gen) is 6 years old. After 6 years, Salesforce's market cap was around $3 billion. (They IPO'd after 5 years.)

hackula1 13y ago
Ok, but Salesforce was also the fastest company to ever reach a billion dollars. They are definitely an outlier.
Confusion 13y ago
A market cap after n years is something different from a valuation derived from venture capital raised in prior years. Such a difference is precisely what makes for a good investment. Salesforce revenue in the year of their IPO: $96M. IPO: $110M MongoDB revenue last year: $36M [1] [1] http://wikibon.org/wiki/v/Big_Data_Vendor_Revenue_and_Market_Forecast_2012-2017#Big_Data_Vendor_Revenue http://wikibon.org/wiki/v/Big_Data_Vendor_Revenue_and_Market...

wallflower 13y ago

> nobody valued those companies at (the appropriately adjusted equivalent of) 1.2 billion One counterpoint. My friend worked at a university. This was back in the era of punch-cards. Oracle came in with their relational database sales pitch (they were basically a very small sales team). His manager (who managed the punch-carders) saw the huge potential that everyone else did not (e.g. 'never going to happen'). Bought Oracle stock right when it went public (mid-80s). Kept on buying it. Retired in her mid 40s. Now lives on her own farm, tending her own sheep (not sure if it was sheep or some other livestock), in the country.

read 13y ago

10gen's investors might have been cautious then but RethinkDB's investors can't be now. Now they see what the upper limit for RethinkDB can be too.