+6%

est. 2Y upside i

DevOps & InfraSeries C

Rank

#1914

Sector

Database Software

Est. Liquidity

~2Y

Data Quality

Data: Low

Given the stale valuation, high competitive threats, and lack of recent financial data, the expected upside over 2 years is modest (~6%).

Last updated: July 3, 2026

Bull (10%)+130%

MySQL's legacy install base and enterprise subscription growth drive an IPO-ready multiple of 6x revenue, yielding exit value $544M. After 20% dilution, 130% upside.

Base (50%)+47%

Multiple converges to 4x revenue on $91M projected revenue, exit $363M. After 20% dilution, 47% upside.

Bear (40%)-76%

Competitive pressure compresses multiple to 1.5x revenue, exit $136M. After preference liquidation, common holder receives $98M, resulting in -76% downside after dilution.

Est. time to liquidity~2.0 years

Preference Stack Risk

moderate

Funding Intensity

1690%

Total preferred liquidation preference of $38M represents 17% of estimated entry valuation, creating moderate overhang.

Dilution Risk

high

With $38M total funding and $75M revenue, the company may need to raise additional capital within 2 years, diluting common stock by ~20%.

Secondary Liquidity

none

No secondary market activity or liquidity options for employees.

Questions to Ask at the Interview

Strategic questions based on MySQL's data — designed to show you've done your homework.

  • 1

    How would you position MySQL against the rise of PostgreSQL and cloud-native databases?

  • 2

    What is the current revenue split between community and enterprise subscriptions?

  • 3

    What is the expected timeline to liquidity, and does the company facilitate secondary sales for employees?

Community

Valuation Sentiment

Our model estimates +6% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.