For the beginning of the week, some good and bad news:
Tableau Software’s IPO is considered successful.
The company didn’t really need more capital to operate, Chabot said, but one of the primary drivers was to raise awareness of the company. It has about 12,000 customers, he said, but there are millions more possible users. As part of attracting them, the company is going to expand globally and is working to improve its reach across mobile devices, the cloud and the Mac operating system.
Bradford Stephens announces that Drawn to Scale closes. Drawn to Scale was building a SQL-on-HBase solution and according to the post it already had paying customers.
It seemed we had everything going for us — paid customers such as American Express, a major telecom, Flurry, and 4 others. Our technology worked brilliantly, we had a big hiring pipeline, and we had great media presence against our competitors who raised 10-100x more cash.
Yet five days before we signed term sheets for a big A round or sold the company, we started getting hit by a series of black swans — and we just didn’t have what we needed to recover.
I didn’t talk to Bradford Stephens, but I assume the black swans are all the recent big name announcements related to SQL-on-Hadoop.
✚ Bradford, I’m sad to learn that the Drawn to Scale adventure has ended. But an end is just a new beginning. Good luck!
Original title and link: One Good and one bad ( ©myNoSQL)