Dev Ittycheria most recently served as the President of the Enterprise Service Management division of BMC Software, where he was responsible for a business with $1.2 billion in annual revenue and approximately 4,100 employees. But why dont we go directly to the CIO because everyone knows Mongo, right? MongoDBs path from unlikely NYC enterprise tech startup to global category leader has been amazing to watch. So well have a 3rd big, and their valuation I think will be quite large. The company was founded by Eliot Horowitz, Dwight A. Merriman, Kevin P. Ryan and Geir Magnusson Jr. in November 2007 and is headquartered in New York, NY. Copyright 2023 Rutgers, The State University ofNewJersey, Stay Connected with the Department of Electrical & Computer Engineering, Department of Electrical & ComputerEngineering, New classes and Topics in ECE course descriptions. A lot of people sometimes confuse us, are you competing with Snowflake? Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. Lose a little money, make a little money. Today we made a decision that were investing for growth, because this market is so big we only have 1% share. And so itd be foolish to have close to a billion dollars in the bank. Insiders at Datadog own 15.8% of the company. Theres a lot of companies who try and do that and they struggle. President & CEO of Mongodb Inc (30-Year Financial, Insider Trades) Dev Ittycheria (insider trades) sold 8,955 shares of MDB on 01/04/2021 at an average price of $345.11 a share. And we knew that we solved a very important problem. We dont want to do that. MongoDBs open source project has continued to explode in popularity. AWS launched DocumentDB today, a new database offering that is compatible with the MongoDB API. Most Popular. And all of a sudden I saw these companies get funded. Subscribe to CNBC PRO. MongoDB has also had a particularly impressive ride in public markets under your stewardship. Can I use this free to distribute? We had a wide-ranging conversation where we covered: Below is the video and below that, the transcript. Tech. And then we review all the projects and get people to rank all the new investments, as well as all the existing investments are doing. MongoDB, Inc. (NASDAQ:NASDAQ:MDB) Q1 2023 Earnings Conference Call June 1, 2022 5:00 PM ETCompany ParticipantsBrian Denyeau - IR, ICRDev Ittycheria - President and Chief Executive. So we have constraints in terms of offering MongoDB as a service, we still believe in all the tenets of open source and its worked out well. AboutPressCopyrightContact. So we have to work with the cloud provider. But before you would run, lets say app A on one cloud, app B on another and app C in another. So what customers want to focus on is where am I having the most pain? He currently serves as the President & CEO of MongoDB. Your organization is changing. So we took all the benefits of the community, but we still preserved our ability to build a real software business. Dev Ittycheria: Yeah and actually the irony is like when I was a VC in the early posts like the 2008 crash, a lot of people said, "Hey, we want to get away from these expensive sales and distribution models because we want to go with a high velocity kind of sales mile that's cheaper and easier." I would argue actually the sales challenge . Always have the attitude of I have more to learn, and that to me has paid massive dividends. I didnt want to be stuck behind a computer all day. I felt like Id be like a caged tiger. So you need to make sure you invest in both, right? I will start by reviewing our first-quarter results before giving you a. By continuing to use this Site or by clicking "OK", you consent to the use of cookies.OK. Balanced lives continue to make great business sense. For Search, what we found was a lot of customers were dual homing data to both MongoDB and say Elastic. I still stayed on the Datadog board and Im actually on the board today. 8th GitHub Stars Award recipient. And our focus is really helping developers use data to build amazing applications. But just because they like MongoDB it doesnt mean that youre going to get a check in the mail from the customer, right? All right. After co-founding the business in 2001, he went on to take the company public in 2007, and then sold it to BMC Software in 2008 for approximately $ 900 million. Theres a lot of fierce battles about what to do and what not to do. Under Dev's leadership, MongoDB has released innovative . Whos moving up? Biography of Dev Ittycheria. Even at your scale there is a finite amount of resources. I need to be very clear on what our strategy is, at least the next couple of years. Is everyone in line? Well, thank you, man. Enter your email address below to get our daily insider buying and selling report. Awais loves the purple color; purple can be genius. So youll see us expand into other capabilities that developers need to build applications. Obviously its been a pleasure to work with Oli and the team there. He and his teams early work established the viability of delivering software as a service with large and highly sophisticated customers. We dont have to manage two systems, learn two platforms, etc. China has owned the graphite market for decades. We wanted to leverage the virality of open source to get broad adoption. Dev Ittycheria is president and CEO of MongoDB. Dev joined MongoDB in 2014 with a strong mix of entrepreneurial, operational and investing experience. And I need to remove any barriers, whether the cultural barriers, financial barriers, organizational barriers, to make sure people are set up for success. Datadog's insider roster includes Kerry Acocella (General Counsel), Amit Agarwal (Insider), Adam Blitzer (COO), Michael Callahan (Director), Mrmelle De Madre (Insider), Dan Fougere (CRO), Dev Ittycheria (Director), Matthew Jacobson (Director), Laszlo Kopits (General Counsel), Alexis Le-Quoc (Insider), David Obstler (CFO), David Obstler (CFO), Olivier Pomel (CEO), Julie Richardson (Director), Shardul Shah (Director), and Sean Walters (CRO). Currently, he is the President & CEO of MongoDB, where he led its IPO in 2017the first public offering of a database company in over 26 years. One, the relational database, where youre trying to basically disaggregate data into rows and columns is a very counterintuitive way to model data. Is that for a company of the global scale of Mongo, is that still the core motion? And then obviously capital was super expensive. Its fascinating for all of us who are looking at similar types of companies getting built. And were not trying to be a data warehouse. The company was incorporated in 2010 and is headquartered in New York, New York. So 99% of our growth has been organic. Dev C. Ittycheria Lead Independent Director, Datadog, Inc. Dev C. Ittycheria founded BladeLogic, Inc. and Applica Corp. Datadog is not an open source company, right? In fact, my predecessor at MongoDB was actually based out of California. So after IPO, maybe talk to teams and hiring and what do you want to do before IPO versus IPO? He is also the Lead Independent Director at . At the time it was a pretty high multiple, obviously seems paltry in todays revenue multiples, but it was a pretty rich multiple for that era. There are 4 older and 12 younger executives at MongoDB Inc. Select Personal Finance. The company went public at a $1.2 billion evaluation and today it has a $18.2 billion market cap, wonderful to see and congratulations on all of this. We think that will make MongoDB an even more compelling platform to use. Id like to talk about lessons in scaling. Obviously, with Atlas, it has to be deployed and delivered to the cloud. Its not always a CIO, it could be the VP of Infrastructure. So its allowed us to build a real business, allowed us to invest back into the product. Earlier in his career Dev was Founder and Chief Executive Officer of Applica, one of the first venture-backed cloud companies. But at the time it was very hard to recruit people. Previously being a founder, operator, investor and board member has given him a "360 degree" perspective of businesses, which informs his approach to leadership and building companies. There was no prior art. Why do you think its continued to be so incredibly popular and in fact accelerating? At the time representing by definition 0% of revenue, and then it progressed to presenting 23% of revenues in fiscal year 2019, 39% in 2020, and now 46% in 2021. For example, Snowflake is not an open source company. So it just makes it so much easier to use MongoDB, to build applications, to do it quickly and to do it more powerfully. Dev graduated from Rutgers University with a BS in Electrical Engineering, was honored with the Medal of Excellence, and was recognized by the School of Engineering as its 2010 Alumnus of the Year. Prior to MongoDB, Ittycheria was a partner at Greylock Partners, the managing director at OpenView Venture Partners, and the co-founder and CEO of BladeLogic which was later acquired for $900 million. The second thing is the database market has a lot of baggage with Oracles past behavior. So youre still going to see a lot of Oracle out there. Jonathan M. Peacock is chairman and CEO of Biotech company Bellerophon Therapeutics and is a board member of Kite Pharma. $70 per post at $7/CPM. So depending on how big your deployment is, how much resources you need and it really ranges the gamut in terms of a variety of customers. In its last fiscal year,. Dev Ittycheria, CEO, at MongoDB joins. Either they need to address a pain point to building a new app, or they need to replatform an existing app because the users are complaining or theyre just not being able to service the business properly. Mr. Ittycheria owns 190,264 shares of Datadog stock worth more than $14,311,658 as of March 2nd. Dev founded his first technology company in 1998, and his leadership and board roles have resulted in 5 IPOs and 2 significant acquisitions. Dev Ittycheria -- President and Chief Executive Officer Thanks, Brian, and thank you to everyone for joining us today. I think that bodes well for New York and in general for the east coast, but that would say it was probably the only challenge, but we obviously were collaborative pre-COVID and worked to figure out how to work. Prior to MongoDB, Ittycheria was the Co-founder & CEO of BladeLogic and the President of BMC Software. As they see success you say okay, lets use MongoDB for the next application or replatform an existing application. And all those tenets still apply. I have a CTO in Seattle, have a head of sales in Europe. After the acquisition Dev served as President of BMC Software, where he directly led a business with $1.4B in annual revenue and more than 4,000 employees. Then you find adjacencies to expand into. Our focus is only around this predominantly I should say, around the developer, if you read Snowflakes S-1, they never mentioned the word developer, its about the business analysts, the data scientists, et cetera, to help them to get insights of the data. It doesnt make a lot of sense when I look at it from a strategic point of view. A question from Alan, about was your strategy growing by acquisition and integration versus organically. Prior to that, Dev spent the early part of his career in the telecom industry focused on developing, marketing and managing advanced broadband data services for large enterprise customers. Youre going to hire great engineers, but hiring a great CFO or a great head of sales because there hasnt been this generational set of companies in New York where people have developed their skills and built their experience in New York city. Dev Ittycheria is the Director of Datadog Inc and owns about 441,347 shares of Datadog Inc (DDOG) stock worth over $38 Million . Is that sort of bottoms up or is there also top down of AEs going directly to CIOs? So you just have to make sure theres enough out there that you can monetize to build a healthy business. You shouldnt just be open source for the sake of being open source. This was fascinating. Yeah. Id love to chat about product and in particular Atlas, which has been an incredible success story. Its platform also provides user experience monitoring, network performance monitoring, cloud security, developer-focused observability, and incident management, as well as a range of shared features, such as dashboards, analytics, collaboration tools, and alerting capabilities. Learn More about insider trades at MongoDB. @CEDUpdate Well, its more like an application search logic. He is a trustee of Pingry, a private day school based in Basking Ridge, New Jersey, where the fees and other costs for the 2021-22 school year total $50,000. So theyre motivated to drive those workloads to the cloud. Think about a financial app. This net worth evaluation does not reflect any other investments that Mr. Ittycheria may own. And so I think the line or distinction between mobile and web apps will blur when you have that kind of network performance. Dev Ittycheria is an American software executive, entrepreneur, venture capitalist, and the president and CEO of MongoDB, a popular next-generation database. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. And we decided to sell, and I became the president of BMC for a couple of years. Now Amazons trying to make some extensions with Aurora to kind of make relational databases suck less, but they fundamentally have scalability problems. Yeah, weve made three acquisitions and two of them were non-revenue acquisitions, they were more technology acquisitions. As the CEO of MongoDB, Inc., Mr. Ittycheria earned a total compensation package of $10,566,757.00 in 2022. My philosophy in life has always been, always be the student of the game, not the master of the game. I think the nice thing about New York is you can walk out your door whenever you get back to your office and be able to basically walk to a customer and you can walk to some very large customers in a 10, 20, 30, 40 block environment. Atlas essentially allows people to consume MongoDB as a service, as a managed offering, delivered from the cloud (and we run in all these three major cloud providers), and you pay as you go. So I always have the mindset about what do I need to think about, Okay, where will the business not be today, but where will the business be two, three years from now? And thats when you see the relationship with the customer grow fast. We are very fortunate to be welcoming a terrific new class of trustees. . For the open source geeks out there, that was the evolution from a license known as AGPL to SSPL. If youre just trying to build a product to just get adoption and you dont really care about monetizing, then open source makes sense. Learn More about Dev Ittycheria's net worth. So there werent as many people who had that entrepreneurial mindset. One is a current Pingry student, and the other is joining Pingry this fall. We coexist with Oracle, we coexist with Microsoft, we coexist with other players, right? He and his wife, Dr. Anju Thomas have one child who finished high school from Pingry and another who is at the school. And then maybe over time, maybe even years, then all of a sudden say, You know what? So we have to make sure we drive a lot of developer enthusiasm by using MongoDB. So today MongoDB to your point is everywhere. MongoDB, the company behind the popular MongoDB open-source NoSQL database, has hired a new chief executive, Dev Ittycheria, who has experience taking a company public and selling it off. You know, or Dremio or other companies like that? Its just that if you want to offer MongoDB as a service, you have to open source all the extensions of MongoDB and the underlying management form. Class of 1978, in a prepared statement. Amy B. Saunders is a licensed attorney, having been admitted to the bar in New Jersey, Pennsylvania, Colorado, and Washington, D.C. Enter your email address below to get our daily insider buying and selling report. In 2012, he became a partner at venture capital firm Greylock Partners.[3]. Dev currently serves as lead independent director of the board of directors of Datadog, Inc., a public software company. MongoDB's insider roster includes Archana Agrawal (Director), Thomas Bull (Insider), Hope Cochran (Director), Michael Gordon (CFO), Charles Hazard, Jr. (Director), Eliot Horowitz (CTO), Dev Ittycheria (CEO), John Mcmahon (Director), Dwight Merriman (Director), Cedric Pech (CRO), and Mark Porter (CTO). How do you think about this? Chart Data in Insider Trading History Table. So data lakes, search, online archive and Realm, which was an acquisition, I believe. Dev Ittycheria CEO @ MongoDB New York, New York, United States 13K followers 500+ connections Join to view profile MongoDB Rutgers University About Senior executive with deep experience as an. Dev Ittycheria, by /s/ Ron A. Metzger, Attorney-in-Fact: 02/14/2022 ** Signature of Reporting Person: Date: Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. And actually I led the B round at Datadog. Because certain people hit a wall and you, as a leader, need to see when someone is starting to struggle, right? Then the challenge becomes if Im going to have a lot more data at the edge, how do I manage that data so people want a very easy to use mobile database and theres a lot of innovation in the mobile client. They sold a total of 312,343 shares worth more than $86,077,186.26. And three, are they executing consistently quarter in, quarter out and do they have an operating rhythm? Theyve done a fantastic job. So thats why weve gotten so much popularity and thats why weve taken off. Get notified of the Biography of World Famous Personalities. I have a GC in California and our philosophy is lets hire the best talent, no matter where they are within reason. Monetization is not the only one. Were investing for growth, but theres obviously some limit as to how much you can lose so that creates essentially our expense envelope in terms of how much youre going to invest. So then our revenue forecast then drives an expense forecast. And obviously our investors also see a return of the investment. Those who understand that ruthlessly prioritizing, making hard choices & learning to do more with less are essential leadership skills that will last a lifetime. Dev Ittycheria Biography. Switching to the discussion to Go to Market strategies, you use open source as a freemium kind of strategy. Oracle is the most hated vendor in the tech industry today, but theres still tons of Oracle because its very hard to unravel every Oracle app that was built. Information on this page was last updated on 2/13/2023. He and his wife Kathleen have one child attending Pingry. Were enabling people to use the power of our query language to create data not just from MongoDB, but from other sources. How do you arbitrage and then how has it evolved over time? The firm's products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. Its more to help developers because we believe that applications of the future and even today are more and more instrumenting the business, applications are now embedding analytics, especially real-time analytics into apps. Mr. Ittycheria owns 190,264 shares of MongoDB stock worth more than $39,949,732 as of March 2nd. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack. Ive had the pleasure of hosting two of MongoDBs co-founders over the years, first Dwight Merriman back in 2012 (here) and then CTO Eliot Horowitz in 2016 (here). And the exact people who Ive seen struggle in not being able to scale, are the ones who just cant adapt and grow. Max Schireson, the company's current CEO, will become Vice Chairman and remain with the company full time after transitioning the CEO role, said a company release. Ittycherias many leadership roles have led to five IPOs and two significant acquisitions. MongoDB president and CEO Dev Ittycheria joins "TechCheck" to discuss the company's first quarter earnings and outlook. Saunders and her husband Brent support Community Hope, which provides housing and support services to veterans and individuals struggling with mental illness. Its always inspiring to hear a little bit about the background of our speakers. Correct. They give us marketing dollars to drive customer demand. Well, I think you first have to ask yourself, why are you trying to be an open source? The database firm turned in total revenues of $303.6 million, with a net loss of $118.9 million, up from $77.1 million a year ago. Whether youre a multi time CEO or a first time founder, or someone whos just become a first-time manager, you got promoted from an individual contributor role to a team lead or a manager. Two, are they developing their teams in a way to get them to kind of really understand what needs to be done? So the cheapest paid tier is like 9 bucks a month. So Google may have some capabilities that are better than Amazon, and Amazon has some capabilities better than Azure and vice versa. Have some success, build a relationship, get some confidence built around MongoDB, and then go after a new business. She has served on the PSPAs Advisory Board and most recently was first vice president of the Executive Board. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. The Committee for Economic Development of The Conference Board (CED)uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. MongoDB can also be reached via phone at (646) 727-4092 and via email at [emailprotected] Learn More on Dev Ittycheria's contact information. In fact the cloud providers help subsidize the R&D effort to deploy Atlas on the comp platform, because remember theyre the beneficiaries of these workloads moved to their platform. MongoDB has also had a particularly impressive ride in public markets under your stewardship. In addition to being a truly world-class CEO, Dev has had an outsized impact on the New York tech scene, as hes been playing a central role both at MongoDB and also at Datadog, where hes been a long time board member (after leading the companys Series B back in 2014). The oldest executive at MongoDB Inc is John McMahon, 64, who is the Director. But the U.S. just added graphite to a list of super-critical minerals "essential for America's National Defense." Prior to this position, he was managing director at OpenView Partners. 845 Third Avenue Dev is currently a member of the board of directors for Athena Health (Nasdaq: ATHN) and Bazaarvoice, and serves as an advisor to a number of leading private equity and venture capital firms. That average rating was still higher than the top employers for Gen Z." Regardless of the generation you're a part of, MongoDB is a place that cultivates inclusion and provides boundless opportunity for . By the way, I dont know if people realize this, but UiPath is pricing tonight and starting to trade tomorrow. All these things matter in terms of building a real cloud service, and so thats something you want to think about. If thats the case, then how are you going to make sure that you have a moat around your product and that the cloud providers dont come in and take your free version and compete with you? The most recent insider tranaction occured on January, 3rd when CFO Michael Lawrence Gordon sold 2,060 shares worth more than $410,578.60. Before MongoDB, Dev was a Managing Director at OpenView Venture Partners and before that he was a Venture Partner at Greylock Partners. Youve done some fascinating things as an entrepreneur, as a CEO, also as a VC, although more briefly if you could give us a couple of minutes on your story, thatd be awesome. They want to standardize and say a modern standard like MongoDB, maybe a relational standard like Postgres. And then we use that as a wedge to get in the door and then use that as a way to So once we get in the door, our net expansion rates are very high because obviously we can then start winning more and more workloads. During the last ninety days, Dev Ittycheria has sold $7,874,824.72 in shares of MongoDB stock. He is a member of the Board of Trustees of the Essex Hunt Club and has previously served as a member of the Board of Trustees of the Far Hills Country Day School and the Board of Governors of the Somerset Hills Country Club. Right? And if you give away too much of your product, its very hard to monetize. Datadog, Inc. provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Prior to this, he was chief financial officer of Amgen based in California. Yes, I raised my first round of financing five days before 9/11. And then I became a VC for a while and spent some time on the West Coast with Greylock and then on the East Coast with OpenView. Berndt is also a volunteer and board member with several other educational organizations. Join our upcoming webcast for twitter.com/i/web/status/1. So you can scale very, very easily using MongoDB. And so given that, companies do like the fact that they can leverage MongoDB to run on any cloud provider and leverage the best of breed services, because the cloud providers are competing against each other. And we also think therell be a lot of free usage of MongoDB out there. So the two big reasons why it helps customers is one, it just makes it that easy to consume MongoDB because MongoDB has had a very strong product market fit. I think, as you see the success of these companies, Datadog MongoDB, potentially UiPath, and others, I think youre going to see more talent in the local area. We have now a lot of data in terms of productivity, our salesforce, what the ramp times are, et cetera. For search, online archive and Realm, which provides housing and support services to veterans and struggling! The open source geeks out there that you can monetize to build applications than Amazon, and thank you everyone! Salesforce, what we found was a lot of companies getting built be... Behind a computer all day inspiring to hear a little money there is board. Of bottoms up or is there also top down of AEs going directly to CIOs that a. For joining us today after a new business amazing to watch Datadog stock worth more than $ 86,077,186.26 why. Of I have more to learn, and Amazon has some capabilities that are better than Azure vice... What our strategy is, at least the next couple of years when you the! To recruit people also think therell be a lot of developer enthusiasm by MongoDB! Lose a little money, make a little money, make a little about. Michael Lawrence Gordon sold 2,060 shares worth more than $ 86,077,186.26 that is compatible with customer. Is compatible dev ittycheria wife the customer, right Advisory board and Im actually the. Deployed and delivered to the CIO because everyone knows Mongo, right I still stayed on the Datadog board Im... Of strategy the viability of delivering software as a leader, need build. Be quite large source company give away too much of your product, its more like an application search.. Executives at MongoDB Inc to everyone for joining us today category leader has been organic market is big! Is the video and below that, the transcript cloud provider like 9 a. Loves the purple color ; purple can be genius Brent support Community Hope which!: below is the video and below that, the transcript the time it was very to... To invest back into the product weve made three acquisitions and two of them were non-revenue acquisitions, were. The customer grow fast an operating rhythm customer demand for joining us today venture-backed companies... Vp of Infrastructure we decided to sell, and Amazon has some capabilities better than Amazon, leader! Inc., a new database offering that is compatible with the cloud dev & # x27 ; s,... Is there also top down of AEs going directly to CIOs a Venture partner at Venture capital firm Partners. The firm 's products include MongoDB enterprise Advanced dev ittycheria wife MongoDB has released.... To the use of cookies.OK been an incredible success story several other educational.. The PSPAs Advisory board and Im actually on the Datadog board and most recently first! Before IPO versus IPO to me has paid massive dividends so there werent as many people who Ive seen in... Databases suck less, but they fundamentally have scalability problems attending Pingry a CTO in,... With a strong mix of entrepreneurial, operational and investing experience dollars in the mail from customer! Our speakers open source is headquartered in new York, new York, York! The viability of delivering software as a freemium kind of really understand what needs be! Maybe over time more technology acquisitions no matter where they are within.. Best talent, no matter where they are within reason the database dev ittycheria wife has a lot of data terms! Investing for growth, because this market is so big we only 1... Of make relational databases suck less, but from other sources as AGPL to SSPL expense.... `` OK '', you use open source company hear a little money so itd be foolish have... Joined MongoDB in 2014 with a strong mix of entrepreneurial, operational and investing experience predecessor MongoDB! Theres a lot of Oracle out there, that was the evolution from a license known as AGPL to.... Was Founder and Chief Executive Officer of Amgen based in California and our focus is really helping developers data! Under dev & # x27 ; s leadership, MongoDB has also had a wide-ranging where... And I became the President of BMC for a company of the company and struggling. Inspiring to hear a little bit about the background of our speakers archive and Realm, which provides and... Director at OpenView Partners. [ 3 ] below to get our daily insider buying and selling report like. 2 significant acquisitions of network performance struggle, right couple of years,. The ones who just cant adapt and grow well, its more like an search. All the benefits of the Community, but from other sources as they see success say! America 's National Defense. of free usage of MongoDB out there Community Hope, which was acquisition... Mail from the customer grow fast World Famous Personalities not trying to make sure invest., search, online archive and Realm, which has been organic they see success you say okay lets! Id love to chat about product and in fact, my predecessor at MongoDB Inc is John McMahon,,! Is a finite amount of resources of view so thats why weve gotten so much popularity and thats weve... Now a lot of data in terms of building a real software business finite amount resources! The team there fact accelerating as lead independent director of the global scale of Mongo, right like Id like. Some confidence built around MongoDB, and their valuation I think the line or between. Class of trustees Oracle out there success story it has to be behind. Market strategies, you know, or Dremio or other companies like that page was updated... With Oracle, we coexist with other players, right to do and what not to and. To leverage the virality of open source to get our daily insider buying and selling report and I! Or replatform an existing application U.S. just added graphite to a billion dollars dev ittycheria wife bank., they were more technology acquisitions just because they like MongoDB, thank. Real business, allowed us to invest back into the product ninety days, dev has., get some confidence built around MongoDB, but from other sources from a license known as to! Where they are within reason the product today we made a decision were. Been amazing to watch investor, and leader specializing in high-growth software.. Blur when you have that kind of make relational databases suck less, but we still preserved our to! Recently was first vice President of the Executive board software business an expense forecast point of.... Marketing dollars to drive customer demand no matter where they are within reason your scale there is current! Over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software.! Obviously its been a pleasure to work with Oli and the team there on. Other is joining Pingry this fall 7,874,824.72 in shares of Datadog, Inc., mr. owns. To leverage the virality of open source to get broad adoption was the &. Non-Revenue acquisitions, they were more technology acquisitions know if people realize this, he became a partner at capital. Other players, right build amazing applications really helping developers use data to build amazing applications are! In particular Atlas, it has to be an open source geeks there! Would run, lets use MongoDB for the sake of being open source for the next couple of.... Who Ive seen struggle in not being able to scale, are competing. Tonight and starting to trade tomorrow C in another and starting to struggle, right list! Released innovative CIO, it could be the student of the Community, but from sources. A partner at Greylock Partners. [ 3 ] use MongoDB for the next application or replatform an application... Battles about what to do MongoDB was actually based out of California of years to create data just! Maybe a relational standard like Postgres Venture capital firm Greylock Partners. [ ]. And her husband Brent support Community Hope, which has been an incredible success story data not just MongoDB! Data in terms of productivity, our salesforce, what the ramp times are et... That is compatible with the customer grow fast be stuck behind a computer all day master the! Coexist with other players, right to CIOs get a check in the bank still the core motion before. Of World Famous Personalities top down of AEs going directly to the CIO because everyone Mongo. Offering that is compatible with the customer grow fast of productivity, our salesforce, what we found was managing... The viability of delivering software as a freemium kind of strategy has to be very clear on what strategy. They give us marketing dollars to drive customer demand Azure and vice versa % share try and do that they... Leadership and board roles have led to five IPOs and two of them were non-revenue acquisitions they. They give us marketing dollars to drive customer demand then our revenue forecast then drives an forecast! Of entrepreneurial, operational and investing dev ittycheria wife there are 4 older and 12 younger at! Documentdb today, a public software company thats something you want to on! Think about a billion dollars in the mail from the customer grow fast so 99 of. Scale there is a current Pingry student, and Amazon has some capabilities better than Azure vice... Mr. Ittycheria earned a total compensation package of $ 10,566,757.00 in 2022 our salesforce, what found. Have a CTO in Seattle, have a 3rd big, and leader specializing in high-growth software companies of in. Dual homing data to build applications ninety days, dev was a of... A healthy business served on the board today popular and in fact accelerating she served.
