017 Stock Market thread
09-29-2018, 03:46 PM
Elastic filed for IPO. They do enterprise search based on open source technology. For those who were interested in Mongo, this company is similar. They are growing pretty rapidly at 100% per year. The IPO looks like it will be some time this fall. Here's an interesting discussion on Hacker News:
https://news.ycombinator.com/item?id=17920556
Personally, I like this kind of company. It has an unsexy but essential product. Even though it's based on open source, the complexity for developers to build in-house is usually prohibitive. It hits that sweet spot in buy vs. build. And they're growing rapidly in the enterprise space.
The main risk is that AWS has Amazon Elasticsearch Service, which may be good enough for many companies. But I think this service isn't going to cut it for a big part of the market.
I'd be interested in hearing your guys' thoughts on this one as well.
https://news.ycombinator.com/item?id=17920556
Personally, I like this kind of company. It has an unsexy but essential product. Even though it's based on open source, the complexity for developers to build in-house is usually prohibitive. It hits that sweet spot in buy vs. build. And they're growing rapidly in the enterprise space.
The main risk is that AWS has Amazon Elasticsearch Service, which may be good enough for many companies. But I think this service isn't going to cut it for a big part of the market.
I'd be interested in hearing your guys' thoughts on this one as well.