(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. Today with our new announcement, you can run app A across multiple cloud providers. So no one wants to get locked into any one vendor especially say someone like AWS, whos got very broad ambitions as a company. Obviously, with Atlas, it has to be deployed and delivered to the cloud. In the last year, insiders at the sold shares 60 times. And so, one day you might find AWS competing with you and your core business. But again, it all depends on what the strategy is. Notify me of follow-up comments by email. Find where they have the most pain, typically the more the pain, the more the dollars are available, then the more attention to senior management. And so its not a secret, but since weve gone public three and a half years ago, weve had six C level changes, right? Great. Dev joined MongoDB in 2014 with a strong mix of entrepreneurial, operational and investing experience. But we think that thats part of open source. This net worth estimate does not reflect any other investments that Mr. Ittycheria may own. 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. Do you want to talk about the product expansion thinking? Even at your scale there is a finite amount of resources. Switching to the discussion to Go to Market strategies, you use open source as a freemium kind of strategy. This net worth evaluation does not reflect any other investments that Mr. Ittycheria may own. And our focus is really helping developers use data to build amazing applications. So we really financed the business through customers and we ended up going public in 2007. 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. Jonathan M. Peacock is chairman and CEO of Biotech company Bellerophon Therapeutics and is a board member of Kite Pharma. Dev graduated from Rutgers University with a B.S. February 13, 2023. Thank you for having me. You have a multi-cloud offering now, right? 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. So we had a lot of customers who obviously are building mobile. AboutPressCopyrightContact. How do they kind of quickly triangulate on issues and resolve them quickly? Following the acquisition, he served as President of BMC. We recognize the markets large enough and we feel like were well positioned. 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. It could be the line of business. Were talking about a company thats now 44 years old and they still havent solved the scalability problem. I think its absolutely fascinating and super impressive. This chart shows Dev Ittycheria's buying and selling at Datadog by year and by quarter. Atlas, which is your database as a service offering, was launched in late 2016. Lets make it a standard. 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. 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. 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. We partner with them on events. Theyre super expensive because the relational database was designed to be a single node system. So you need to make sure you invest in both, right? The corporate mailing address for Mr. Ittycheria and other Datadog executives is 620 EIGHTH AVENUE 45TH FLOOR, NEW YORK NY, 10018. Those who understand that ruthlessly prioritizing, making hard choices & learning to do more with less are essential leadership skills that will last a lifetime. 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. Dev Ittycheria Mixed fortunes for MongoDB which saw Q2 revenues rise 53% year-on-year this week, but Wall Street was jittery about a cautious forecast for the coming quarter and gave the stock price a pummelling. 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. Your competition is changing. Learn More about Dev Ittycheria's net worth. On this Wikipedia the language links are at the top of the page across from the article title. So youre still going to see a lot of Oracle out there. And were not trying to be a data warehouse. Dev founded his first technology company in 1998, and his leadership and board roles have resulted in 5 IPOs and 2 significant acquisitions. So youve done it time and again, and both before IPO and after. Youre running a tech company with offices around the world. And so we feel good about the opportunity in front of us. We make some decisions about, Are we going to be profitable? Learn More on Dev Ittycheria's trading history. By the way, I dont know if people realize this, but UiPath is pricing tonight and starting to trade tomorrow. But what people forget is that the first thing people dont say is open source or not, they say, does this technology solve my problem? So its literally like having two cups of coffee a month to we have customers now spending more than seven figures with us on Atlas. But look at Oracle. Dev C Ittycheria (age 56) is listed at 4 Firethorn Ct Warren, Nj 07059 and is affiliated with the Democratic Party. Is that for a company of the global scale of Mongo, is that still the core motion? 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. Then I took some time off. 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. Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market. 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. 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. I will start by reviewing our first-quarter results before giving you a. You can help Wikipedia by expanding it. He also serves on the new stadium development team, set to open in 2016. During his tenure, MongoDB has launched innovative products like cloud database, Atlas, garnered numerous customers, outperformed comparable competitors financially, and expanded operations worldwide. 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. And we knew that we solved a very important problem. 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 every app has some search functionality, so embedding that more tightly into the app is helpful for the application developers, less systems to maintain. He holds a B.S. I have a GC in California and our philosophy is lets hire the best talent, no matter where they are within reason. Mr. Ittycheria earned a salary of $400,000.00, stock awards of $10,135,257.00, and other compensation of $31,500.00. Datadog can also be reached via phone at 866-329-4466 and via email at [emailprotected] Learn More on Dev Ittycheria's contact information. ), TRANSCRIPT (edited for clarity and brevity). May 3, 2016. [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. A question from Alan, about was your strategy growing by acquisition and integration versus organically. 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). president and CEO Dev Ittycheria is scheduled to be on CNBC's "Mad Money," which airs Monday at 6 p.m. EDT. So, global domination. So obviously with our strategy, were not changing that every day. 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. What are the key drivers behind that? Whats good for us as a company is that prior to Atlas, we had our free version and our paid version, and we had a classic open source problem where you have to figure out where the paywall is, right? Share Background Report Overview of Dev C Ittycheria Lives in: Warren, New Jersey Phone: View phone number Age: 56 Dev Ittycheria's Voter Registration I felt like Id be like a caged tiger. We bought that just to kind of get some mass customer momentum around atlas. Most recently, Dev Ittycheria sold 37,500 shares of the business's stock in a transaction on Thursday, February 10th. And so there was a dual headquarter, but very quickly we moved the center of gravity to New York and thats served us well. Subscribe to CNBC PRO. How do you keep it together and not lose your sanity and make sure that you have time to think? Ittycheria and his wife, Dr. Anju Thomas, have two children. 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. Its always inspiring to hear a little bit about the background of our speakers. And actually I led the B round at Datadog. Dev Ittycheria is 53, he's been the President, Chief Executive Officer e Director of MongoDB Inc since . According to a regulatory filing issued this week, which was signed by MongoDB CEO Dev Ittycheria, MongoDB has closed on $79.99 million so far in an equity offering worth a total of $100 million . If youre a young startup, is that the way to go or is there an evolution there? Well, I think you first have to ask yourself, why are you trying to be an open source? We encourage our salespeople to go slow to go fast. We have replication sharding built into our architecture. We are very fortunate to be welcoming a terrific new class of trustees. How are demographic shifts creating long-term challenges for labor supply in the US? And so, what you as leader have to do, is this a fixable development issue? 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. My philosophy in life has always been, always be the student of the game, not the master of the game. So theyre motivated to drive those workloads to the cloud. And if you just keep trying to run the same playbook, youre going to hit a wall. For example, Snowflake is not an open source company. 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. Very good. So you can thrive as an infrastructure company without being open source. And we want to get that first workload. Biography of Dev Ittycheria. One is a current Pingry student, and the other is joining Pingry this fall. I have a CTO in Seattle, have a head of sales in Europe. The total sale. Is everyone in line? Learn More on Dev Ittycheria's contact information. Dev Ittycheria Biography. 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 companys chief executive until it was bought by BMC for $900 million. To do, is this a fixable development issue of sales in Europe, you! 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