We at Data Geekery are more down to earth, selling actual value to our own customers. So we take the opportunity to issue this friendly reminder about what happens when you and your shareholders believe that a primitive chat service is worth $19B because of its oh-so-many users:
Success is a strange beast. On the bright side and true to entrepreneurial spirit, people admire those who are obviously successful. In the theory of our mostly capitalist societey, successful people worked hard for their success, and thus deserve it. In practice, there may be other mechanisms of success than working hard, but that’s another story which is quite off-topic on this blog.
MongoDB is successful. Extremely successful, as they have just raised $150M from a venture-funding round. They must be doing something right, at least from a marketing and sales perspective. As I admire this success, and as I am hoping to be similarly successful with jOOQ, I wanted to throw in the story at reddit for discussion. I’m curious what other business-oriented people think of this. But as always, when talking about MongoDB, cynicism arose. Heavily. See the following examples
Cynicism about the tech quality
Cynicism about getting rich
This was really disappointing to me. Is this just reddit being full of trolls? Or are people heavily envious if someone stands out and is successful? You may think about MongoDB whatever you want. But there is no doubt that this valuation and venture-funding round is a proof of MongoDB’s continuous success over the past years. Apparently, they are responding to a real market value with real market expectations. Raising this money will hopefully help them meet those expectations even more, in the future.
Do not let cynicism kill your spirit
No matter if this is just reddit or the “IT community” in general, it is not worth delving into such cynical discussions. I congratulate 10gen for being the only NoSQL database vendor in the DBMS popularity ranking that I’ve previously posted:
And I most certainly congratulate 10gen to this incredible milestone in their company history.