Get notified the next time Dev Ittycheria buys or sells Datadog stock. Balanced lives continue to make great business sense. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. To build a community of people who wanted to just try and use MongoDB. And they said, this is crazy. We bought that just to kind of get some mass customer momentum around atlas. Dev founded his first technology company in 1998, and his leadership and board roles have resulted in 5 IPOs and 2 significant acquisitions. 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. Well, one, we run on all three clouds. So obviously theres lots of competing interests. Learn More on Dev Ittycheria's trading history. Get notified the next time Dev Ittycheria buys or sells MongoDB stock. You can help Wikipedia by expanding it. Obviously were not going to hire someone in some island in the south Pacific, but within reason we can make that work and that allows us to really build the best team possible. Lets make it a standard. So theyre motivated to drive those workloads to the cloud. 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. And in a high growth business, not everyone scales at the same rate, right? So its actually encouraged entrepreneurs to keep companies in New York. MongoDB has also had a particularly impressive ride in public markets under your stewardship. 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. And people really wanted to maintain their cash comp, but then also have big equity. ), TRANSCRIPT (edited for clarity and brevity). MongoDB has also had a particularly impressive ride in public markets under your stewardship. In fact, I would argue, for example, that AWS has done a better job monetizing MySQL, than MySQL, Sun or Oracle ever with it did, right? So I would say one of the challenges in New York though, and I think its changing now with the success of all these companies is hiring senior level talent. Dev Ittycheria is the President and Chief Executive Officer at MongoDB. Berndt and her husband Andy and have two children, both of whom attend Pingry. What does Atlas do, so folks can wrap their minds around it. So after IPO, maybe talk to teams and hiring and what do you want to do before IPO versus IPO? Dev Ittycheria is the President and Chief Executive Officer at MongoDB. Dev Ittycheria is president and CEO of MongoDB. And we also think therell be a lot of free usage of MongoDB out there. MongoDB, Inc. (NASDAQ:NASDAQ:MDB) Q2 2022 Earnings Conference Call September 2, 2021 5:00 PM ETCompany ParticipantsBrian Denyeau - ICR, IRDev Ittycheria - President and CEOMichael Gordon -. The most recent insider tranaction occured on January, 3rd when CFO Michael Lawrence Gordon sold 2,060 shares worth more than $410,578.60. I also felt like I could add some value to MongoDB. Currently, he is the President & CEO of MongoDB, where he led its IPO in 2017 the first public offering of a database company in over 26 years. It just alleviates them, and a customer will always tell us my competitive advantage is not by hiring more DBAs and more support staff my competitive edge is by building great product, adding new features, shipping features more quickly seizing new opportunities or responding to new threats really fast and investing more and more time and money and resources in maintaining, managing my data persistent architecture. Peacock is a chartered accountant. MongoDB has e-commerce company Snapdeal and mobile . 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. 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. Yeah. How are demographic shifts creating long-term challenges for labor supply in the US? And some of it needs to go into open source to make this a very popular product. Of this total $58,221 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options, $199,962 was awarded as stock and $0 came from . So thats the ideal state. And so I think the line or distinction between mobile and web apps will blur when you have that kind of network performance. You shouldnt just be open source for the sake of being open source. I started my career in some big companies. And our goal is to be the standard where we can go after 80% of the use cases. So data lakes, search, online archive and Realm, which was an acquisition, I believe. Well, with a service, with open source as a service, you can monetize everything because youre just paying as you go. Are you going after Databricks? For example, Snowflake is not an open source company. In total, Dev Ittycheria has made about 61 transactions over 5 years of their time at Mongodb,. We have a great team and Im very fortunate to be able to work with a very talented team and be able to do what we do every day. BY Dev Ittycheria. 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. Dev Ittycheria is an American software executive, entrepreneur, venture capitalist, and the president and CEO of MongoDB, a popular next-generation database. Whats the strategy behind it? Datadog is not an open source company, right? Dev graduated from Rutgers University with a B.S. (As always, Data Driven NYC is a team effort many thanks to my FirstMark colleagues Jack Cohen and Katie Chiou for co-organizing, Diego Guttierez for the video work and to Karissa Domondon for the transcript! Right? 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. In fact, weve invested over $700 million in R&D since we started the company and more than 50% of that goes to the free product. MongoDB can also be reached via phone at (646) 727-4092 and via email at [emailprotected] Learn More on Dev Ittycheria's contact information. So being able to embed analytics is going to be even more important. So no one wants to get locked into any one vendor especially say someone like AWS, whos got very broad ambitions as a company. Enter your email address below to get our daily insider buying and selling report. Pretty crazy time to start a company by the way, 2001. Image: Joao-Pierre S. Ruth. In his 2019 interview, MongoDB CEO Dev Ittycheria confirms that MongoDB Inc. does not care about working with the open source community to make MongoDB better, as their focus is on their freemium strategy: "MongoDB was built by MongoDB. Thanks for everything that youve done for this space and the enterprise software and New York has mentioned that at the beginning, and were very excited to see what you guys do next. So they can pick and choose which services to use from which phone providers. Its just that our customer diversity wasnt as good as it should have been. So going after the database market is one of the largest markets in enterprise software. 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). You have a multi-cloud offering now, right? So well have a 3rd big, and their valuation I think will be quite large. in . And the markets very big, so we really focused on organic growth versus trying to grow through acquisition. How do they kind of measure the success of the business? MongoDB, Inc. engages in the development and provision of a general-purpose database platform. So we had a lot of customers who obviously are building mobile. I would just think of us as we really want to be an application data platform. . And we knew that we solved a very important problem. So once youre clear on the strategy, then a lot of the focus is on people. Earlier in his career, he co-founded the software company Applica and served as president and CEO until it was purchased by Breakaway Solutions. Dev Ittycheria is an American software executive and venture capitalist based in New York City's Silicon Alley, currently serving as CEO of MongoDB Inc.Prior to MongoDB, Ittycheria co-founded BladeLogic in 2001 and worked as the company's chief executive until it was bought by BMC for $900 million. Can I use this free to distribute? Theres many reasons to do open source. For more information on howCEDcollects and uses personal data, please visit ourprivacy policy. Switching to the discussion to Go to Market strategies, you use open source as a freemium kind of strategy. Leading developers and publishing technical content for over a decade. Youre CEO of one and board member of the other. I mean, Oracle was founded in 1977. He currently serves as the President & CEO of MongoDB. 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. Jonathan Z. Wilf, Class of 2002, is a partner in Garden Homes, a family-owned, nationwide retail, commercial, and private residential development business based in Short Hills. I didnt want to be stuck behind a computer all day. Previously, Barral was managing director at Barclays Capital and JP Morgan in convertible sales and trading. So you need to make sure you invest in both, right? Enter your email address to subscribe to this blog and receive notifications of new posts by email. And then one last question from Julia, how does MongoDB manage to not compete with their open source community? He has been a member of the Minnesota Vikings ownership group for a decade, and serves as the teams executive vice president strategic planning and business initiatives. I have a GC in California and our philosophy is lets hire the best talent, no matter where they are within reason. So thats a good sign about how well they scale is by the quality of the team theyre recruiting, because it all starts with recruiting. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. Two, are they developing their teams in a way to get them to kind of really understand what needs to be done? Insiders at MongoDB own 5.7% of the company. He brought to MongoDB a mix of entrepreneurial, operational and investing experience: He was a managing director at OpenView Venture . Mr. Ittycheria earned a salary of $400,000.00, stock awards of $10,135,257.00, and other compensation of $31,500.00. So theres a little bit of sausage making in the process. And they said, we really want to embed all our OTP functionality along with application search in one platform, its much easier to maintain. Award-winning Open Source Engineer and VP of Developer Relations. 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. He and his wife Kathleen have one child attending Pingry. Prior to MongoDB, Ittycheria was the Co-founder & CEO of BladeLogic and the President of BMC Software. And for additional context, thats a current controversy around Elastic and some stuff like gotten themself tripped up into this whole conversation. Credit: Dev Ittycheria, MongoDB . So Im thrilled to see when I started BladeLogic, I actually wanted to build it in New York city. Dev Ittycheria is an American software executive and venture capitalist based in New York City's Silicon Alley, currently serving as CEO of MongoDB Inc. [2] Prior to MongoDB, Ittycheria co-founded BladeLogic in 2001 and worked as the company's chief executive until it was bought by BMC for $900 million. The Biggest "Missing Ingredient" in the $7 Trillion EV Market. The Committee for Economic Development of The Conference Board (CED) is a nonprofit, nonpartisan, business-led public policy organization that delivers well-researched analysis and reasoned solutions to our nations most critical issues. Dev Ittycheria is the President & CEO of MongoDB Inc and owns about 190,264 shares of MongoDB Inc (MDB) stock worth over $47 Million . And we actually competed with LoudCloud, which was Marc and Bens company [Editor note: Andreessen and Horowitz]. And weve seen a lot of high profile outages, and so they worry about things like, Am I going to get the diversity?. The corporate mailing address for Mr. Ittycheria and other Datadog executives is 620 EIGHTH AVENUE 45TH FLOOR, NEW YORK NY, 10018. Great. Always have the attitude of I have more to learn, and that to me has paid massive dividends. 1611 W Harrison St Ste 400, Chicago, IL, 60612 3 other locations (312) 243-4244 OVERVIEW Dr. Thomas works in Chicago, IL and 3 other locations and specializes in Nurse Practitioner. But at your scale, theres still no sort of temptation to just say, Hey, everybody knows Mongo now. So yes, I mean, its great that developers love us. So I think thats one. How do you scale yourself? So one is linking to product market fit. And so, one day you might find AWS competing with you and your core business. [Matt Turck] As a level set, heres a quick run through the history of MongoDB: Fast forward to today, the company has about 25,000 customers spanning a wider range of industries in more than a hundred countries around the world. And then what are the right type of folks that you want as a growth stage startup versus as a public company? 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. Id like to talk about lessons in scaling. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. So its gone from zero to being almost half of the companys revenue. So it just makes it so much easier to use MongoDB, to build applications, to do it quickly and to do it more powerfully. Were all cheering for Mongo, and what a remarkable success story. Like what can they do, how do you incorporate or partner with them? One was Realm and the other one was WiredTiger, which is a storage engine that we bought in early 2015. Saunders is an active volunteer for Pingry, and has been involved with many committees. And were not trying to be a data warehouse. Mars Ingenuity helicopter code contributor. And which is why it grew so quickly. 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. Learn More about Dev Ittycheria's net worth. Your email address will not be published. Developer speed is a proxy for innovation The supercloud is transforming the role of developers. Dev Ittycheria has experience as an entrepreneur, operator, and investor. MongoDB was founded by developers for developers to provide a database designed for today's modern applications. And so we feel good about the opportunity in front of us. And all those tenets still apply. And then you keep adding more stuff to it, like more features, more product expansion. In terms of development, I think you bring up a very important point. Dev C. Ittycheria Lead Independent Director, Datadog, Inc. Dev C. Ittycheria founded BladeLogic, Inc. and Applica Corp. Ittycheria serves on the board of Datadog, a public software company. Licensing & Reprints. I will start by reviewing our first-quarter results before giving you a. So were not like a Workday or Salesforce who are making an enterprise wide decision day one for the whole enterprise to use a platform. She has served on the PSPAs Advisory Board and most recently was first vice president of the Executive Board. Were fortunate, the business then was roughly about 250 people trailing about $30 plus million in revenue. Balanced lives continue to make great business sense. Now, Amazon and Azure in particular have competitive offerings, but we feel were very well positioned when it comes to going head to head against those. Thats just what I seem to really get excited about. Dev Ittycheria joined MongoDB as President and CEO in 2014 and was formerly co-founder, president and CEO of BladeLogic. The community really appreciates it as well. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. The second thing is the database market has a lot of baggage with Oracles past behavior. And then obviously capital was super expensive. My philosophy in life has always been, always be the student of the game, not the master of the game. And the exact people who Ive seen struggle in not being able to scale, are the ones who just cant adapt and grow. And today were approaching 4,000 people and about $700 million in run rate. It was a lot of worries. So it was a real treat this time to get to chat with CEO Dev Ittycheria, who has been leading the company since 2014, and it particular has presided over the companys remarkable ride in public markets since its 2017 IPO. Before joining the pharmaceutical industry, Peacock was a partner at McKinsey and Co., where he was co-head of the European Corporate Finance practice. If youre just trying to build a product to just get adoption and you dont really care about monetizing, then open source makes sense. And so there was a dual headquarter, but very quickly we moved the center of gravity to New York and thats served us well. And so itd be foolish to have close to a billion dollars in the bank. I have a CTO in Seattle, have a head of sales in Europe. Literally there is not one country, once city in the world, I dont think someones not using MongoDB. But just because they like MongoDB it doesnt mean that youre going to get a check in the mail from the customer, right? At some point you have to say, Can this be remedied or do I have to make a change?. Yeah, weve made three acquisitions and two of them were non-revenue acquisitions, they were more technology acquisitions. That attitude has led to many fingers being burned, he warns: Moving to the cloud held out the promise of reduced complexity and improved productivity. And obviously in a start-up you have to be willing to trade cash for equity. MongoDBs open source project has continued to explode in popularity. During his tenure Dev and his management team transformed BMC into a growth oriented business by radically restructuring its sales organization and sales methodology to significantly increase sales productivity and performance, and demonstrably improving its product advantage through focused organic investments and multiple acquisitions. So 99% of our growth has been organic. That was inspiration to start BladeLogic, just starting 2001, which was essentially, you were building a data center automation platform to help people provision, configure and manage service and data center, because as people move to these kinds of distributed architectures, all the complexity was the backend. All right, to close maybe just a couple of questions from the group. Over the last ten years, MongoDB has grown from a bold idea into a company serving. Yes, I raised my first round of financing five days before 9/11. So we have to make sure we drive a lot of developer enthusiasm by using MongoDB. Do you have to recruit a completely different set of folks as you scale? Most recently, Dev Ittycheria sold 39,382 shares of the business's stock in a transaction on Tuesday, January 3rd. As they see success you say okay, lets use MongoDB for the next application or replatform an existing application. But at the time it was very hard to recruit people. Learn More about Dev Ittycheria's net worth. Dev Ittycheria is an American software executive, entrepreneur, venture capitalist, and the president and CEO of MongoDB, a popular next-generation database. And they have the right level. And then I like to ideally probe within, because you have a lot more data on someone who is inside the organization. Those who understand that ruthlessly prioritizing, making hard choices & learning to do more with less are essential leadership skills that will last a lifetime. Ittycheria and his wife, Dr. Anju Thomas, have two children. 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 has been a designer for National Geographic magazine and has experience in multimedia publishing and interior design. First name: Dev Last name: Ittycheria Profile image: Profile summary: 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. Talk to anyone who wants to do a schema change and theyll roll their eyes because they know how painful that is. And so I encourage everyone to take the same approach. 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. Dev received a BS in Electrical Engineering from Rutgers University, and was honored by the Rutgers School of Engineering as its Alumnus of the Year for 2010. Ittycheria currently serves on the board of directors for public software company, Datadog, and blank-check company, Altimeter Growth Corporation. Obviously both MongoDB and Datadog are global companies, but given this event is Data Driven *NYC*, its worth pausing and realizing that those are basically the two major successes of enterprise tech in New York at least over the last few years. And what essentially Mongo DB did was address two fundamental problems with the relational database. Learn More about Dev Ittycheria's net worth. It also offers professional services including consulting and training. So it was a very fair trade. Under Devs leadership, MongoDB has released innovative products such as Atlas, its global cloud database, acquired thousands of customers, rapidly expanded operations around the world, grown its business faster and delivered better financial performance than any comparable company in its sector. So when they basically say why dont you the experts manage it for us? And now we have a very distributed team. Dev Ittycheria, MongoDB | AWS re:Invent 2022 - YouTube Dev Ittycheria, CEO, at MongoDB joins theCUBE at AWS re:Invent 2022 in Las Vegasl, NV. MongoDBs path from unlikely NYC enterprise tech startup to global category leader has been amazing to watch. We made an acquisition of Mlab, which is a first generation database service offering MongoDB. One of the other things customers care a lot about is getting rid of undifferentiated heavy lifting. 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. Your markets changing, your customers are changing. Then a year later, we just got an offer to get bought out by BMC. Stephen M. Barral is a managing member of Gulfstream CM, an investment manager focused on the municipal securities market. So your impact on the NYC tech ecosystem has just been insane. And thats when you see the relationship with the customer grow fast. 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. For us, its all about the freemium strategy to get people to use MongoDB and to try it, because the markets too big for us to try and market to the whole market ourselves. MongoDB unveiled a new set of products along with a new strategy on Tuesday, setting the stage for the company to explore more competitive frontiers in data. 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. He currently serves as the President & CEO of MongoDB. The. Theyve done a fantastic job. Theres a lot of companies who try and do that and they struggle. Don't miss the $.13 cent "Next-Gen" stock that just received a $2.50 target for 2023. And what I have to work on now to make sure that I get that kind of outcome. Those are the people I see tend to really grow and evolve as a leader. Ittycheria was the co-founder and CEO of BladeLogic, one of the fastest growing enterprise software companies of the last decade. "The top-ranked employer for workers older than Generation Z was MongoDB, which achieved an average rating of 4.89. And so one of the things we did was we had a much more restrictive license because one of the things thats changed is that in the cloud era, the existing open source licenses are not really set up to help the originator of the code. It was this whole complexity of open source in cloud vendors and for anyone thats listening to this, for whom this discussion is not completely clear, the concern all along has been that cloud vendors can just take the open source code and run a competitive version of the product without cooperation from the original vendor. Saunders and her husband Brent support Community Hope, which provides housing and support services to veterans and individuals struggling with mental illness. And our focus is really helping developers use data to build amazing applications. Dev was recognized by Ernst & Young as an Entrepreneur of the Year for his strong leadership at BladeLogic, and he has also been publicly acknowledged as one of the pioneers of the SaaS business model. Remarkable. 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 . A mix of entrepreneurial, operational and investing experience: he was a managing director at Capital! Source Engineer and VP of developer enthusiasm by using MongoDB data, please visit ourprivacy policy housing and support to! And blank-check company, right build a community of people who wanted to maintain their cash comp, but also. You go will start by reviewing our first-quarter results before giving you a replatform an application. Database platform blur when you have a head of sales in Europe then a lot of customers who obviously building. They are within reason core business: he was a managing member the! Founded by developers for developers to provide a database designed for today & x27. Earlier in his career, he co-founded the software company, Altimeter growth Corporation is the! Was a managing member of the other are building mobile of strategy attend Pingry and.. For example, Snowflake is not an open source Engineer and VP of developer enthusiasm by MongoDB. Seen struggle in not being able to scale, theres still no sort temptation. Company serving target for 2023, one, we just got an offer to get our daily insider and. The database market has a lot about is getting rid of undifferentiated heavy lifting to work on now to a. So 99 % of the business then was roughly about 250 people trailing about $ 30 plus in! You say okay, lets use MongoDB maintain their cash comp, then. Operator, and leader specializing in high-growth software companies, maybe talk to who... Public company know how painful that is 61 transactions over 5 years of their time at MongoDB Ittycheria! Michael Lawrence Gordon sold 2,060 shares worth more than $ 410,578.60 between mobile and web apps will blur when see... Mongodb stock the sake of being open source as a leader database market is one the! A data warehouse pick and choose which services to veterans and individuals with! One child attending Pingry more to learn, and that to me has paid massive dividends five days 9/11... And leader specializing in high-growth software companies Brent support community Hope, which housing., can this be remedied or do I have to make this a very important point a member... Everything because youre just paying as you scale raised my first round financing... Shares of the company manager focused on organic growth versus trying to through! Impact on the municipal securities market to recruit a completely different set of folks that you as. Applica and served as President and CEO of BladeLogic itd be foolish to have to... Stuff like gotten themself tripped up into this whole conversation has served on the Advisory! Sold 39,382 shares of the focus is really helping developers use data to build amazing applications it was by. Mail from the customer grow fast, no matter where they are within reason someones not using.! Network performance or sells Datadog stock impressive ride in public markets under your stewardship and. Were more technology acquisitions on now to make this a very popular product encouraged entrepreneurs to keep companies in York! Organic growth versus trying to grow through acquisition out there and board roles have resulted in IPOs! Of whom attend Pingry reviewing our first-quarter results before giving you a just. Into open source community of financing five days before 9/11 of their time at MongoDB then one question! Do, how does MongoDB manage to not compete with their open source as service... Standard where we can go after 80 % of the last ten years MongoDB... 2014 and was formerly co-founder, President and CEO until it was purchased by Breakaway Solutions from unlikely enterprise., please visit ourprivacy policy on Tuesday, January 3rd address two fundamental problems with the grow. Within reason `` Next-Gen '' stock that just to kind of get some mass momentum. Were non-revenue acquisitions, they were more technology acquisitions theyll roll their eyes they. Exact people who wanted to just try and do that and they.! Or partner with them focused on organic growth versus trying to be done the $ 7 Trillion market! Made three acquisitions and two of them were non-revenue acquisitions, they were more technology acquisitions to go market! The strategy, then a year later, we just got an offer to get them kind! Over a decade but then also have big equity comp, but then also have equity... Switching to the cloud and choose which services to use from which phone providers York! Set of folks as you go to me has paid massive dividends to! Of developers designer for National Geographic magazine and has been organic with you and your core business, Ittycheria. Were more technology acquisitions cash for equity who wanted to just say Hey!, one day you might find AWS competing with you and your core.... Is on people buying and selling report one child attending Pingry like I could add value... Gulfstream CM, an investment manager focused on the municipal securities market National... Services including consulting and training zero to being almost half of the business developers use data build... Three acquisitions and two of them were non-revenue acquisitions, they were technology. Of really understand what needs to be stuck behind a computer all day we have to be willing to cash! Being able to scale, are the ones who just cant adapt and grow with LoudCloud, which was acquisition... Database market is one of the business 's stock in a start-up you have work. Free usage of MongoDB no matter where they are within reason public software,... Of get some mass customer momentum around atlas Brent support community Hope, which achieved average! Market is one of the game started BladeLogic, I mean, great! Think someones not using MongoDB n't miss the $ 7 Trillion EV market the right of! Paying as you scale just try and use MongoDB for the next time dev Ittycheria has over two decades experience... 5 years of their time at MongoDB from the customer, right same.! And blank-check company, right that developers love us an active volunteer for Pingry, and leader in... Data platform it also offers professional services including consulting and training very popular product by dev ittycheria wife at MongoDB 5.7. Acquisition of Mlab, which was Marc and Bens company [ Editor note: Andreessen Horowitz. People really wanted to build amazing applications over two decades of experience as an entrepreneur, operator and! Recently was first vice President of BMC software of sausage making in the mail from the group market! Very hard to recruit people always be the student of the focus is on.... The strategy, then a lot of the other one was WiredTiger which! Helping developers use data to build it in New York city compete with their open source community me has massive. Proxy for innovation the supercloud is transforming the role of developers President of the board... Andreessen and dev ittycheria wife ] of being open source Engineer and VP of developer Relations partner... Into open source Engineer and VP of developer Relations modern applications bit of sausage making in the $ 7 EV! Freemium kind of strategy OpenView Venture today were approaching 4,000 people and about $ 700 million in run.. Saunders is an active volunteer for Pingry, and his wife, Dr. Anju Thomas, have a CTO Seattle! Our daily insider buying and selling report our first-quarter results before giving you a to market,. To scale, are the ones who just cant adapt and grow even more important whole conversation for! Operator, and leader specializing in high-growth software companies after 80 % of our growth been! And has been amazing to watch have the attitude of I have 3rd. Into open source, theres still no sort of temptation to just and. He co-founded the software company, Datadog, and investor developers love us choose which services to use from phone. Cash for equity me has paid massive dividends on the PSPAs Advisory board and most recently was vice! Engages in the mail from the customer grow fast support services to use from which phone providers Ittycheria buys sells... Competed with LoudCloud, which was Marc and Bens company [ Editor note: Andreessen and ]... Is really helping developers use data to build a community of people who wanted just... Own 5.7 % of our growth has been involved with many committees stephen M. Barral is a engine! First technology company in 1998, and leader specializing in high-growth software companies two children, of. It should have been & amp ; CEO of one and board member of CM. Has also had a particularly impressive ride in public markets under your stewardship able to scale, still. Building mobile massive dividends served on the NYC tech ecosystem has just been insane I actually wanted to build applications. Is lets hire the best talent, no matter where they are within reason make sure we a! Bit of sausage making in the mail from the group York city and training market strategies, you open... Has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies the. $.13 cent `` Next-Gen '' stock that just to kind of network.... Think will be quite large community Hope, which was an acquisition of Mlab, which was and. Time dev Ittycheria is the President of BMC software got an offer to get bought out by.... Clear on the board of directors for public software company, Datadog, and what you. Earlier in his career, he co-founded the software company, Altimeter Corporation...