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MongoDB Takes on $44 Billion Opportunity and Announces IPO

Hey everyone! MongoDB will raise $100 million in their upcoming IPO and trade under MDB (not to be confused with the productivity black hole known as IMDB). MongoDB is the second open-source company to go public this year - following Cloudera's IPO in the spring. Although there's still shades of doubt about the viability of businesses built around OSS, it's undeniable (and fascinating) that open technologies are becoming ingrained in today's for-profit SaaS world - from Linux and Redhat to Kubernetes and Google. Anyway, it'll be exciting to see how MongoDB's IPO goes and figure out what it means for the future of OSS in SaaS.

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