So our community benefits from the continued innovations in the product. Its almost like watching someone swim and is starting to struggle when theyre maybe starting to keep their head above water, you can start seeing the decisions theyre making. Datadog, Inc. provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). In terms of development, I think you bring up a very important point. A tech CEO spent almost $600,000 on a Super Bowl ad to warn America about Tesla's self-driving technology. As a CEO, how do you arbitrage between the different needs? 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. Stephen M. Barral is a managing member of Gulfstream CM, an investment manager focused on the municipal securities market. Lets make it a standard. I need to be very clear on what our strategy is, at least the next couple of years. Remarkable. 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. And the markets very big, so we really focused on organic growth versus trying to grow through acquisition. And our focus is really helping developers use data to build amazing applications. 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. Chart Data in Insider Trading History Table. And the exact people who Ive seen struggle in not being able to scale, are the ones who just cant adapt and grow. We encourage our salespeople to go slow to go fast. In 2012, he became a partner at venture capital firm Greylock Partners.[3]. I started off in a management program at AT&T, I rose pretty quickly, but quickly got frustrated with big company politics and went to some smaller telecom company and thats in the 90s when telecom was hot and VCs were investing and building out the broadband internet. So we have to work with the cloud provider. Dev C Ittycheria (age 56) is listed at 4 Firethorn Ct Warren, Nj 07059 and is affiliated with the Democratic Party. Your California Privacy Rights/Privacy Policy. Datadog can also be reached via phone at 866-329-4466 and via email at [emailprotected] Learn More on Dev Ittycheria's contact information. 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. The. They say, is it free? 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. 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. (The 2016 IoT Landscape), Growing Pains: The 2018 Internet of Things Landscape, The evolution of enterprise tech in New York, MongoDBs database as a service offering, Atlas, Being a student of the game rather than a master of the game. Learn More on MongoDB's active insiders. Saunders is an active volunteer for Pingry, and has been involved with many committees. That kind of drives our top line forecast. BladeLogic was based in Massachusetts, MongoDB was built in New York originally, any thoughts on the ecosystem and building enterprise software out of the East Coast? Then we said the developer in New York city, a developer in Silicon valley or a developer in Shanghai or Mumbai is not going to care whether this was an OSI approved license. So the cheapest paid tier is like 9 bucks a month. Share Background Report Overview of Dev C Ittycheria Lives in: Warren, New Jersey Phone: View phone number Age: 56 Dev Ittycheria's Voter Registration Dev Ittycheria is the President & CEO of MongoDB, where he led its IPO in 2017the first public offering of a database company in more than 25 years. Licensing & Reprints. So Google may have some capabilities that are better than Amazon, and Amazon has some capabilities better than Azure and vice versa. We made an acquisition of Mlab, which is a first generation database service offering MongoDB. Sure. Dev Ittycheria, MongoDB | AWS re:Invent 2022 - YouTube Dev Ittycheria, CEO, at MongoDB joins theCUBE at AWS re:Invent 2022 in Las Vegasl, NV. Balanced lives continue to make great business sense. So essentially almost two a year, right? Always have the attitude of I have more to learn, and that to me has paid massive dividends. I can only imagine how many emails and pings you got, just now while you were kindly spending time with us. During the last ninety days, Dev Ittycheria has sold $7,874,824.72 in shares of MongoDB stock. She has served on the PSPAs Advisory Board and most recently was first vice president of the Executive Board. Dev eventually merged the business with Breakaway Solutions and the combined company went public in 1999. Don't miss the $.13 cent "Next-Gen" stock that just received a $2.50 target for 2023. So after IPO, maybe talk to teams and hiring and what do you want to do before IPO versus IPO? And you see a lot of signs with the organization. He previously served on the boards of AppDynamics, athenahealth, and BazaarVoice, among others. Not only do they get revenue from the underlying consumption of storage and compute and network services, but they also see customers for every dollar they spend on Atlas, they probably spend another 5 to $10 and other ancillary services. They live in Far Hills and have a child attending Pingry. Can I modify the source code? 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. And then one last question from Julia, how does MongoDB manage to not compete with their open source community? I started my career in some big companies. Mr. Ittycheria owns 190,264 shares of MongoDB stock worth more than $39,949,732 as of March 2nd. So it just makes it so much easier to use MongoDB, to build applications, to do it quickly and to do it more powerfully. He currently serves as the President & CEO of MongoDB. A lot of people sometimes confuse us, are you competing with Snowflake? Awais loves the purple color; purple can be genius. 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. Ittycheria serves on the board of Datadog, a public software company. 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. 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. The second thing that we announced was Real. So when they basically say why dont you the experts manage it for us? @CEDUpdate I thank them for their commitment to Pingry and their leadership in helping drive forward the Schools key initiatives, said Board of Trustees Chair Jeffrey N. Edwards. Tue, Jun 15 2021 5:33 PM EDT. Yes, I raised my first round of financing five days before 9/11. The community really appreciates it as well. One, the relational database, where youre trying to basically disaggregate data into rows and columns is a very counterintuitive way to model data. Learn More on Dev Ittycheria's trading history. So obviously theres lots of competing interests. The company was incorporated in 2010 and is headquartered in New York, New York. Its just to say, theres a clear strategy there. We didnt want to go down that path. 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 we knew that we solved a very important problem. So 2014 turned out to be a pretty interesting year for me. 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. One of the other things customers care a lot about is getting rid of undifferentiated heavy lifting. And so weve automated that for developers and made it really easy. Save my name, email, and website in this browser for the next time I comment. Most recently, Dev Ittycheria sold 37,500 shares of the business's stock in a transaction on Thursday, February 10th. But obviously you also have to recruit outside for a certain set of skills that you may not have in the organization. Then I took some time off. Well, with a service, with open source as a service, you can monetize everything because youre just paying as you go. We partner with them on deals. 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). In the last year, insiders at the sold shares 60 times. 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. The community is really I would say our sales leaders sometimes get frustrated because they think the free version competes with us, our paid versions. Its all over. So theres a lot of healthy partnership there. 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. Dev C. Ittycheria, a software executive and venture capitalist, is president and CEO of database company MongoDB. 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. This net worth evaluation does not reflect any other investments that Mr. Ittycheria may own. 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. Dev Ittycheria, by /s/ Ron A. Metzger, Attorney-in-Fact: 01/10/2022 ** Signature of Reporting Person: Date: Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. How do you arbitrage and then how has it evolved over time? So going after the database market is one of the largest markets in enterprise software. So when we raised $29 million total and had $7 million in the bank when we filed to go public, we went public in 2007. Theres a lot of companies who try and do that and they struggle. 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. How do you keep it together and not lose your sanity and make sure that you have time to think? It just gets a little bit monotonous where I think the cultural diversity of New York is something that I really appreciate. PDF. Like what can they do, how do you incorporate or partner with them? MongoDBs path from unlikely NYC enterprise tech startup to global category leader has been amazing to watch. 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. Theyre super expensive because the relational database was designed to be a single node system. Mr. Ittycheria owns 190,264 shares of Datadog stock worth more than $16,880,222 as of February 16th. Tech. Before MongoDB, Dev was a Managing Director at OpenView Venture Partners and before that he was a Venture Partner at Greylock Partners. Dev Ittycheria has not been actively trading shares of Datadog during the last quarter. They give us marketing dollars to drive customer demand. This net worth estimate does not reflect any other investments that Mr. Ittycheria may own. So you just have to make sure theres enough out there that you can monetize to build a healthy business. MongoDB serves customers worldwide by providing an open-source database platform for automating, monitoring, and deployment backups. 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. And thats a pretty difficult challenge for developers. We need to make MongoDB a standard. And all those tenets still apply. If developers dont use our product, we dont have a business. SAS remains strongly committed to providing the whole employee experience - meaningful work Thank you for having me. Credit: Dev Ittycheria, MongoDB . Your email address will not be published. Thats the heart of the whole discussion. In the last year, insiders at the sold shares 34 times. So theyre motivated to drive those workloads to the cloud. And what we also saw was that last year we had more downloads of our software than the first 10 years of the companys history. It was a lot of worries. Were all cheering for Mongo, and what a remarkable success story. Learn More on Dev Ittycheria's trading history. To build a community of people who wanted to just try and use MongoDB. And no matter how successful you are, right? So we have to make sure we drive a lot of developer enthusiasm by using MongoDB. Think about it like a leaderboard for a gaming application. Image: Joao-Pierre S. Ruth. So thats why weve gotten so much popularity and thats why weve taken off. So one is linking to product market fit. If you think about mobile, everyones going with a mobile first strategy, especially with the advent of 5G, when network speeds will be hundred times faster, at least we hope than what we get with LTE or 4G. Your email address will not be published. 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. Were talking about a company thats now 44 years old and they still havent solved the scalability problem. 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. Learn More about insider trades at Datadog. Learn More on Datadog's active insiders. In fact, sometimes I joke with my Chief People Officer that Im like a glorified head of HR because 80% of the issues Im dealing with are around people. Detailed information on the use of cookies on this site is provided in ourcookie policy. What I mean by that is you constantly have to work at your trade craft. SAS remains strongly committed to providing the whole employee experience - meaningful work 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. 00:33. February 13, 2023. But at the time it was very hard to recruit people. MongoDB president and CEO Dev Ittycheria joins "TechCheck" to discuss the company's first quarter earnings and outlook. Berndt has been a designer for National Geographic magazine and has experience in multimedia publishing and interior design. And Elastic themselves are growing more towards the security space than application search. And you see people from all walks of life. BY Christiaan . Dev was appointed to the board of Altimeter Growth Corporation in 2020, a public special purpose investment vehicle formed to invest in a technology company. Learn More about Dev Ittycheria's net worth. One is a current Pingry student, and the other is joining Pingry this fall. Learn More on Dev Ittycheria's contact information. Information on this page was last updated on 2/13/2023. Insiders at MongoDB own 5.7% of the company. Then you find adjacencies to expand into. So it speaks well to New York. He currently serves as the President & CEO of MongoDB. It also offers professional services including consulting and training. So being able to do that was very challenging, because with mobile, you have online and offline connectivity and you need to be able to still use the app, but then synchronize when you get back online and conversely, you need to get updates from the backend server. 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. Founder of BladeLogic, Inc. and Applica Corp., Dev C. Ittycheria occupies the position of President, Chief Executive Officer & Director at MongoDB, Inc. Mr. Ittycheria is also on the board of Datadog, Inc., The Pingry School and Altimeter Growth Corp. The second big challenge is that relational databases are not designed for scale. 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. Do you want to talk about the product expansion thinking? 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 . 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