Really insightful interview with MDB Founder and CEO.
Databases are the heart of any application (and organization in my opinion).
Dev talks about how if MDB gets to 5% of the estimated $98 billion data management software market (2023 estimate), they will be a
$5 billion revenue company
Their target is far more than just 5% of the market, they have more than 50% of the Fortune 100 companies as customers.
Article goes on…clearly, he’s the CEO so he should be bullish but I believe theres is a ton of potential.
In fact – as Saul has been pointing out. There’s a chance our companies are UNDERVALUED right now. Or at least some of them.
Every historical comparison we make is exponentially underestimating the potential for growth.
There is more data and more people using computers/internet/applications then ever before. That number is going to continue compounding for many years. If Oracle was able to build a $100B + company based off their database technology (which is now 40+ years old) and based off the usage of data that many years ago (without a subscription model) then why can’t MDB build a $100B or heck $500B company 10-15 years from now as all of those demands and users are more than 10,000 times greater?
I made that number up, and it might actually be an under-representation of how much demand has increased.
Of course we need to be careful of bubbles – but that doesn’t mean were in one and even if there was a bubble in some companies (there probably is), that doesn’t mean there’s a bubble in all companies.
MDB is down over 5%
volume is heavy %300 movement change
So there must be something institutions are concerned about
Dana (LovePeace) offered conjecture that algo’s could be selling SAAS to put money in chips after the weekend.
If Oracle was able to build a $100B + company based off their database technology (which is now 40+ years old) and based off the usage of data that many years ago (without a subscription model) then why can’t MDB build a $100B or heck $500B company 10-15 years from now
Oracle built a $100B company off of two brilliant and unique ideas of Ellison’s that were at the point. There were two relational db alternatives to IBM’s DB2: Sybase, and Oracle. Oracle’s price point was a fraction of DB2s, #1, and the other idea was purchasing “4th generation” scripting languages and marrying it to the database to let Oracle (and customers) quickly make vertical applications #2. Both IBM and Sybase completely whiffed on those opportunities.
Some small departmental - level database applications also grew up at the time (Foxpro, whatever turned into MS Access, Powerbuilder, 4D) but Ellison absolutely took over the enterprise market with his drive and vision for scalability and integrated vertical approach.
For what it’s worth, Sybase stayed with databases and integration code. Foxpro had a fun little run. PostgresSQL and MySQL popped up as opensource alternatives to Oracle’s dominance. But for every major application vendor (Salesforce, Guidewire, etc, even IBM with their own appserver Websphere), their must have database interoperability was with Oracle. Sybase sold out to Microsoft and became SQLServer.
As well, Oracle built and sold the enterprise monitoring software and sponsored relational DBM tools such as DBVisualizer.
The questions for Mongo are, are those the ways they are attacking the database market? Are they driven to become “the next Oracle”? Have the DBM tools gotten better in the last 3 years? Is there some stickiness to coding an app that works with Mongo, or is it “just another json file” to most application developers?
former DBA and Oracle application admin, BGD
FWIW, there were a few more players in the relational market, notably Informix and Progress … and Progress is still around and thriving.
there were a few more players in the relational market
More than just a few.
Here is a list of more than 100