January 31, 2007
MySQL IPO — not so fast
MySQL told Computer Business Review they’re thinking strongly of an IPO this year, but also wouldn’t mind waiting. Frankly, I think they shouldn’t come public until they can prove solid acceptance of Version 5, because Version 4 remains in too many ways an embarrassment.
Also, investors need a chance to see whether MySQL’s new enterprise all-you-can-eat pricing scheme is a success, both financially and in terms of service delivery.
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IPO is long going process so it does not mean MySQL will be listed on stock exchange tomorrow.
But it is better not to delay it while press is still loyal and growth is fast.
An IPO is like a product roll-out.
Having a lot of venture capital is like being in beta test.
(And having a little bit is like being under development, or in alpha.)
[…] On DBMS2, Curt Monash opined, “Frankly, I think they shouldn’t come public until they can prove solid acceptance of Version 5, because Version 4 remains in too many ways an embarrassment.” […]
I hope the free version stays even after IPO. We rarely get free stuff from a public listed company.