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Elastic files for an IPO

326 点作者 foolano超过 6 年前

17 条评论

calcsam超过 6 年前
This is an extremely solid financial statement. $150M in revenue, growing ~100% per year; I&#x27;d project a valuation between $3B and $4B.<p>Twilio, Mulesoft, and MongoDB are probably the best comparables here -- open-source and dev-tools based SaaS IPOs. All of these were very successful at IPO and afterwards, and even compared to these, Elastic looks great.<p>* They&#x27;re growing at almost 100% per year which is incredible. Twilio filed for IPO growing at 70% per year. Mulesoft was growing at 60%. Mongo was growing at 50%<p>* Losing $50M on $150M of revenue. (Net margins of -33%). This is pretty reasonable and in line with Twilio and Mulesoft. MongoDB was significantly worse at -60% net margins.<p>With that kind of growth I&#x27;d imagine something like a 220M ARR when they actually IPO, and valuation of 15-20x that.
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chadash超过 6 年前
Just to be clear, $100M is what they are looking to <i>raise</i>, not their valuation. Their last valuation was about $700M in 2014, so presumably, they are looking for a valuation that exceeds that, most likely in the low billions.
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whalesalad超过 6 年前
&gt; We have incurred losses in all years since our incorporation. We incurred a net loss of $52.7 million in fiscal 2018, $52.0 million in fiscal 2017 and $18.6 million in the three months ended July 31, 2018. As a result, we had an accumulated deficit of $233.4 million as of July 31, 2018.<p>Woah.
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artellectual超过 6 年前
Elastic is a company I’ve been following from the start when they just had elasticsearch opensource project. Watching this company grow to this point has been inspirational. I really want to meet &#x2F; talk to the people who made this company. They made open source work.<p>I’m happy to use their products, filebeat, kibana, elasticsearch, and their cloud offering has been top notch. They got a lot of things right.<p>Now elasticsearch even supports SQL as a query language.<p>This is a company that you don’t hear often in the news, but they just kept their focus and shipped the goods.<p>As you can tell by now I’m a hardcore fan of Elastic.
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aventrix超过 6 年前
Interesting. My initial instinct is to compare them to MongoDB which IPO&#x27;d about a year ago. They seem to be doing quite well since, but then again, who hasn&#x27;t in the tech sector?<p>I will say I very much enjoy Elastic&#x27;s suite of products, I can&#x27;t say the same for MonogoDB.
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ggm超过 6 年前
We pay them money but I have to say.. there are aspects to the model which <i>freak me out</i> -Like the relative paucity of good R hooks, the abortive attempt at an interface via dplyr basically died. Right now, its curl. Its http sucking and no real way past pagination.<p>Or, how hard it can be to intuit the json you need, as a naieve user. Back porting from kibana is silly.<p>Or how easily you can deploy a naieve cluster which hangs bigtime on large data. This thing is like PostGres and ZFS: you really can&#x27;t fake it, you have to understand it.<p>I see good potential in Elastic <i>training</i>
jacobkg超过 6 年前
Elastic’s signature product is ElasticSearch. They also make Kibana and Logstash<p><a href="https:&#x2F;&#x2F;www.elastic.co" rel="nofollow">https:&#x2F;&#x2F;www.elastic.co</a>
bratao超过 6 年前
For anyone that for any reason is looking for an alternative to ElasticSearch&#x2F;Solr: Try Vespa.ai<p>The feature of live node removing&#x2F;adding alone made my life so much easier. The performance and Machine Learning ranking is the icing on the cake!
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xaranke超过 6 年前
Is it just me, or does 33 pages of risk factors seem pretty high?
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softliving超过 6 年前
I like to see open source backers going public, they give a boost to open source community who want to share but do not want to just spend energy where they cannot get something out of it (money&#x2F;fame&#x2F;recognition or just a satisfaction of doing good). I am sure the people are proud of their work. Good luck with the IPO!
tschellenbach超过 6 年前
Anyone figure out which product&#x2F;services are driving the majority of this revenue?
trhway超过 6 年前
Interesting that JOBS act took so much care about executive compensation :<p>&quot;<p>Implications of Being an Emerging Growth Company<p>We are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An emerging growth company may take advantage of specified reduced reporting requirements that are otherwise applicable generally to public companies. These reduced reporting requirements include:<p>the requirement to present only two years of audited financial statements and only two years of related management’s discussion and analysis in this prospectus;<p>an exemption from compliance with the auditor attestation requirement on the effectiveness of our internal control over financial reporting;<p>reduced disclosure about our executive compensation arrangements; and<p>an exemption from the requirements to obtain a non-binding advisory vote on executive compensation or shareholder approval of any golden parachute arrangements.&quot;
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wallflower超过 6 年前
And it all started with Shay Banon attempting to build a cooking app for his wife who was a chef.<p>&gt; JAXenter: You started Compass, your first Lucene­-based technology, in 2004. Do you remember how and why you became interested in Lucene in the first place?<p>&gt; Shay Banon: Reminiscing on Compass birth always puts a smile on my face. Compass, and my involvement with Lucene, started by chance. At the time, I was a newlywed that just moved to London to support my wife with her dream of becoming a chef. I was unemployed, and desperately in need of a job, so I decided to play around with “new age” technologies in order to get my skills more up­to­date. Playing around with new technologies only works when you are actually trying to build something, so I decided to build an app that my wife could use to capture all the cooking knowledge she was gathering during her chef lessons.<p>&gt; I picked many different technologies for this cooking app, but at the core of it, in my mind, was a single search box where the cooking knowledge experience would start a single box where typing a concept, a thought, or an ingredient would start the path towards exploring what was possible.<p>&gt; This quickly led me to Lucene, which was the defacto search library available for Java at the time. I got immersed in it, and Compass was born out of the effort of trying to simplify using Lucene in your typical Java applications (conceptually, it simply started as a “Hibernate” (Java ORM library) for Lucene).<p>&gt; I got completely hooked with the project, and was working on it more than the cooking app itself, up to a point where it was taking most of my time. I decided to open source it a few months afterwards, and it immediately took off. Compass basically allowed users to easily map their domain model (the code that maps app&#x2F;business concepts in a typical program) to Lucene, easily index them, and then easily search them.<p>&gt; That freedom caused people to start to use Compass, and Lucene, in situations that were wonderfully unexpected. Imagine already having the model of a Trade in your financial app, one could easily index that Trade using Compass into Lucene, and then search for it. The freedom of searching across any aspect of a Trade allowed users to convey this freedom to their users, which proved to be an extremely powerful concept.<p>&gt; Effectively, this allowed me to be in the front seat of talking and working with actual users that were discovering, as was I, the amazing power that search can have when it comes to delivering business value to their users. Oh, and btw, my wife is still waiting for that cooking app. Now, 10 years later, it is the basis of Elasticsearch.<p><a href="https:&#x2F;&#x2F;jaxenter.com&#x2F;elasticsearch-founder-interview-112677.html" rel="nofollow">https:&#x2F;&#x2F;jaxenter.com&#x2F;elasticsearch-founder-interview-112677....</a>
purplezooey超过 6 年前
Does this mean more Big Data IPOs coming? A few good private ones have been close.
setheron超过 6 年前
Tl;Dr; should I buy?
mywittyname超过 6 年前
They have a 75% profit margin. $120mm profit from $160mm in revenue.
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tomputer超过 6 年前
Slightly off topic: this quote from the SEC filing document:<p><i>&quot;Immediately prior to the completion of this offering, we intend to change our corporate form from a Dutch private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) into a Dutch public limited company (naamloze vennootschap) and change our corporate name from Elastic B.V. to Elastic N.V.&quot;</i><p>As far as I know, Elasticsearch has no headquarters or offices in The Netherlands. I assume the company is only registered in The Netherlands for tax avoidance.<p>If my assumption is true, despite that I like their products, this makes me a little sad.<p>EDIT: my bad. I missed the tab Europe and Asia. They do seem to have an office in Amsterdam.
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