> To see how this plays out for other companies consider MongoDB (valued at roughly $1.6B with ~700 employees),
Maybe another, important, lesson the RethinkDB team left out was: raise more capital than you need, and go public fast.
Two years later, MongoDB the company is now valued at $19.491B. Like many other public tech companies, it is yet to turn a single profitable quarter, and is not expected to in the next few years.
Annual YoY revenue growth is flat too at around $500m. Equity is negative.
Perhaps because the market thinks useful product companies will be valuable vs. the US dollar in the future. And its a vital part of many companies infrastructure these days, without much of a solid enterprise alternative.
Maybe another, important, lesson the RethinkDB team left out was: raise more capital than you need, and go public fast.
Two years later, MongoDB the company is now valued at $19.491B. Like many other public tech companies, it is yet to turn a single profitable quarter, and is not expected to in the next few years.
Annual YoY revenue growth is flat too at around $500m. Equity is negative.
Perhaps because the market thinks useful product companies will be valuable vs. the US dollar in the future. And its a vital part of many companies infrastructure these days, without much of a solid enterprise alternative.