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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
by 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 agoOk, but Salesforce was also the fastest company to ever reach a billion dollars. They are definitely an outlier.
- Confusion 13y agoA 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...