MySQL Prepares To Go Public
prostoalex writes "MySQL CEO Marten Mickos told Computer Business Review the company plans to go public: 'Now entering its twelfth year, the company has built up just less than 10,000 paying customers, and an installed base estimated to be close to 10 million... When it does go public, MySQL will be one of only a handful of open source vendors to do so. Red Hat, VA Linux (now VA Software), and Caldera (now SCO Group) led the way in 1999 and 2000...'"
When it does go public, MySQL will be one of only a handful of open source vendors to do so. Red Hat, VA Linux (now VA Software), and Caldera (now SCO Group) led the way in 1999 and 2000...
Well, as long as Darl McBride doesn't get his hands on the company they should be ok.
Push Button, Receive Bacon
I think it's awesome when open source companies go public. It allows them to get enough capital to truly innovate, and help prove to the unbelievers that open source IS a viable, successful way to make outstanding software. I hope more open source companies continue this trend.
Or is that 10,000 customers that regularly renew their MySQL licenses?
What's the average license cost? $40,000?
How we know is more important than what we know.
I'm not sure how to take this.
1) They managed to acquire 10,000 customers? Who are these customers, and why would they pay MySQL for a product that's not only free, but has better competitors available for free?
2) 10,000 customers, with 10 MILLION installs? So the odds are 1 in 1,000 that a user of your product would actually pay you anything? Those are TERRIBLE numbers....
Ahgh. Conflict. Partly because I just don't like MySQL - I'm a Postgres user and shrug my shoulders as to why anybody would use something with all the warts of MySQL...
I have no problem with your religion until you decide it's reason to deprive others of the truth.
Yay, with MySQL public it will be easy for Oracle to acquire them in a hostile take-over and EOL their product. Go free market.
I read all remarks before replying. I had planned to infer the same. But, there are other giants interested in databases too. IBM and Microsoft to names the largest. So, it wouldn't be cheap at all. 30 billion USD?
I see no point in using mysql except in preexisting software
. I use firebird for small app work, and postgres when I need a large application. No licensing costs for closed source, unlike MySQL's awful ripoff.
They claim the protocol falls under GPL because it uses structures in the protocol. If that is so, Gaim is violating the GPL over the aim, msn, and icq protocol.
Wow, lots of rage filled comments so far.
Not all public companies are worth as much as GE or WalMart. Vast numbers of public companies exist, and many are only worth a few million. 10k customers paying for support (we all know they need it) is still millions in revenue a year, more then enough to go public without being bogus.
Public != Billions.
- Adam L. Beberg - The Cosm Project - http://www.mithral.com/
The dot-com craze proved that you can make a lot of money on stocks with a bad business model (at least for a while). So the question isn't whether a MYSQL company will be succesful in the long term, but whether there are enough people out there who believe it will to make it at least a good short-term investment.
I told them to buy Google and they ignored me. Maybe this time they won't?
The dangers of knowledge trigger emotional distress in human beings.
Hope this proves to other companies that being Open Source and giving away your software for free can in the long run actually be profitable and make you many lovers along the way. Been using mySQL for years and love it. It set the way for free databases for using for projects on webhosts world wide. Good luck to it!!
Is there an estimated opening price for this? I'm not really familiar with how IPOs work, but if the shares are low enough in price to begin with, even someone who doesn't have a lot of spare cash could invest in MySQL- I would love to invest in Free/Open Source software but I also don't want to be pissing half the money I spend on the "investment" on a brokerage firm and related stuff.
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They should think about hiring a decent graphics person for their website first. The new design is hideous. It's like they tried to copy suns website, but failed miserably. I think someone got carried away with the gradient tool.
PostgreSQL has done far more with far less capital.
Since you probably won't believe me, I invite you to compare the features of each. Visiting each project's web site is a good place to start. Once you see how much further ahead PostgreSQL is technologically than MySQL, consider how they managed to accomplish that with relatively little capital.
Open Source company? Yes, to reap the benefits and take advantage of all geeks. But they read the GPL as the Devil would read the Bilble. Just using (not extending, changing or even looking at the source) their product means that all your source code must be GPL!!
For me this is the worst case of taking advantage of the good name of GPL and the open source movement to make some serious amounts of cash.
Geeks are just so easy to use by large corporations... *suckers* Why else do you think corporate America likes open source?
I've seen some guys at LinuxWorld who were offering commercial PostgreSQL support, and was going to post that link here, but I ran across this one from the official FAQ while googling for it and found it too rich to pass up posting.
Anyway, google for 'postgresql support' and you'll find several hits on the first few pages. A few have dorky requirements like buying a license to their rebranded 'distro' of postgresql.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
Would it be possible for this IPO to be run Google-style? I don't remember the details, but slashdotters surely remember the story. There was a big online auction instead of a traditional IPO, so that investors could deal (almost, I guess) directly with Google.
Is it that only a very high-profile company like Google can make that model work?
Which software/media heavywight is going to buy them out.
I fell tbe bubble is rising, when will it pop?
If you would buy stock in a somewhat anonymous company, would you go and investigate what their business practices are like? Do you care about their customer service? I appreciate that there are exceptions, but most likely you won't. Yes, there are people who invest in companies that they know and care about (sports clubs come to mind,) but the majority of investors invest for a profit. If a company can turn a profit sooner rather than later, they will go for it. Most investors won't care about the database, the open sourciness, the service, the customers or anything else, but they'll care about the numbers on the yearly report. There is linkage, but if it's not apparent, if it's not 1-1 related, there won't be much interest.
(From here: http://www.mathworks.com/company/aboutus/mission_
I think that is very well said, and I think it's something that doesn't go over well for public companies. MathWorks is still privately held.
Are you familiar with stored procedures? Subqueries? It's basic stuff.
(Sorry. Yes, I know that MySQL has all those things now, my point is that pgsql had them ages ago. Also, I'm a happy MySQL user. Also also, phppgadmin is nothing like phpmyadmin. Etc, etc)
I second this comment.
I've never had good IT support for software, except from MySQL. It was still a bit painful to get to the engineer who could actually make the code changes to fix the problems, but it did happen, and the problems were fixed.
IMO.
The more I learn about how public companies are run, the less I want to work for one. Some reasons:
1) You become subject to the whims of the stock market, and the stock market is not the economy. If you ignore the market at best the shareholders hammer you, at worst the SEC shows up on yor doorstep.
2)What is good for the company may not be good for the markey value. E.g. long term R&D may be cut to meet quarterly earnings estimates.
3) The regulations you labor under may focre your decsion making. E.g from my reading it looks like at least some companies offshored because other companies were doing so and reporting huge savings. THe savings turned out to be an illusion, but failure to offshore could have been seen as mismanagement, and so the CEO's followed like lemmings.
4) Stock option back dating, and other such scams.
So I think the argument to stay private is much stronger than going public these days, IMO.
putting the 'B' in LGBTQ+
With Oracle's plans on stealing business looming, investors are going to question dropping money into a company like this. I think Oracle should just release the standard edition for free without support and forget its dreams of trying to hijack other company's products. Ellison is starting to grasp at straws.
So McBride influence is not out of the question.
Marten Mickos, this is the second time within a few days I've seen you posting usefull stuff on /. Thanks for you time and staying true to geekiness in general, allthough, I presume, you have quite a schedule to keep up to.
... When will we finally see it finished?
I'm an avid MySQL user. I too don't consider MySQL or any other classic RDBMS the cream of databases concepts, allthough the SAP DB/MaxDB thing and the attempt to make it compatible with MySQL SQL dialect did get my attention.
The prime reason why I'm using MySQL on a daily basis is that available object databases are to slow and/or exotic and for classic RDBMS - which in my book all suffer from SQL - I consider MySQL 5 at least nearly as good as any other. A big bonus is the available documentation and the amount of free tools that support MySQL, which is unmatched by any other product.
And here's my first wart that is bugging me:
When will we see MySQL Workbench finished?
Imho getting the DB-Designer Team on board was one of the smartest moves of recent in an impressive line of smart moves, and having a sophisticated free ERD Tool that fits MySQL 5's featureset is yet another killer criteria in favour of MySQL. Using Workbench would slash developement times yet again and give the entire MySQL faction yet another lead.
Aside from that: Keep up the good work.
A satisfied professional MySQL user
P.S.: What will the IPO per share be? I'm pondering the thought of hopping on board.
We suffer more in our imagination than in reality. - Seneca
The problem with your reasoning is that stockholders are very bad at long term projection.
Assume there are two kinds of stockholders. Those who are bad at long term projections, and those who are good at it. Let both start out with equal amount of money. In the short term they do pretty much equally well. But in the long term (by definition) the second group does a lot better. Just to put some numbers to it, let's say that after 5 years, the second group has twice as much money as the first. It could be 10 or 3 years or whatever, it only changes the argument by degree.
Of course, the long term never ends. So after 10 years, the long term savvy investors have 4 times the money of their short sighted brethren. After 20 years 16 times more, and so on.
We have had stock markets now for hundreds of years. And this is why, pretty much by definition, the people sitting on all the old money is the very best at long term investing you can find. Because that's how they got that money. Sure there is always new money coming in, and it can be spent unwisely in the beginning. But it always ends up with long term term savvy investors over time.
I can't speak for all project everywhere, but I write a lot of Java code and have a lot of recruiters calling me. And you know what, the technology they ask for is like a who's-who of Open Source in Java. Struts, Spring, Hibernate, Jboss, Ant, Tomcat, Lucene, MySql, Linux All open source. And if you have those skills, employers will beat a path to your door. I think the real reason these products are of such a good quality is that there is honest and very critical review of the source and design. There is also motivation to just throw it out when it makes sense. Let's face it, in corporate development there is no real forum to critique someone elses code. Infact, doing so usually makes you a new enemy and gets you a 1-on-1 with your manager for "interpersonal" skills. The Washington Post just posted an op-ed yesterday by Scott Rosenberg. The article is interesting in and of itself but look at the comments. Those are equally illuminating.
Hope this proves to other companies that being Open Source and giving away your software for
F 5F8B6-8CC6-4529-8DE7-65732FA84347/
free can in the long run actually be profitable and make you many lovers along the
way. Been using mySQL for years and love it. It set the way for free databases for using
for projects on webhosts world wide.
ozgur uksal
http://www.cbronline.com/article_news.asp?guid=26
Not everyone using a "database" needs durability.
Durability is a requirement for some applications; a luxury in others, and completely irrelevant in a third group.
Durability comes with a steep price - syncing to disk after every atomic unit of data. This defeats the OS's carefully designed buffering. Most applications do not guarrantee durability. When you type a character into Microsoft Word, it is not synced to disk. When you make a TCP/IP connection, the kernel stores the connection state in RAM and never writes it to disk.
Just because an application uses a database for storage does not mean it wants guarrantted durability.