Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. Under Dev's leadership, MongoDB has released innovative . What I mean by that is you constantly have to work at your trade craft. 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. 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. 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). Its all over. So you have to really build real competence around your tooling, management infrastructure, your telemetry or your multi tenant architecture. 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. They align the sales compensation to incentivize working that have their sales people work with us. Well, thank you, man. There are 4 older and 12 younger executives at MongoDB Inc. MongoDB priced its IPO at $24 a share. Dev C. Ittycheria, a software executive and venture capitalist, is president and CEO of database company MongoDB. The company was incorporated in 2010 and is headquartered in New York, New York. May 3, 2016. For example, Snowflake is not an open source company. Mr. Ittycheria owns 190,264 shares of MongoDB stock worth more than $39,949,732 as of March 2nd. 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 they can pick and choose which services to use from which phone providers. Dev C Ittycheria (age 56) is listed at 4 Firethorn Ct Warren, Nj 07059 and is affiliated with the Democratic Party. SAS remains strongly committed to providing the whole employee experience - meaningful work Dev currently serves as lead independent director of the board of directors of Datadog, Inc., a public software company. And for additional context, thats a current controversy around Elastic and some stuff like gotten themself tripped up into this whole conversation. But ultimately we all kind of use that process to galvanize our priorities and what were trying to do. 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. 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. 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. I have a CTO in Seattle, have a head of sales in Europe. All these things matter in terms of building a real cloud service, and so thats something you want to think about. Think about supply chain apps where you have to have real-time information. By continuing to use this Site or by clicking "OK", you consent to the use of cookies.OK. 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. Barral and his wife Angela are the parents of a Pingry alumnus and two current Pingry students. The company is growing at a 40% rate and doing remarkably well, Jim Cramer said. He is also the Lead Independent Director at . 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. Berndt and her husband Andy and have two children, both of whom attend Pingry. Your email address will not be published. Ittycheria and his wife, Dr. Anju Thomas, have two children. Is there stuff on their product roadmap that you can talk about? 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 began his professional career at large and growth-stage telecom companies developing advanced broadban .. Read More, Get notified of the Biography of World Famous Personalities. Before MongoDB, Dev was a Managing Director at OpenView Venture Partners and before that he was a Venture Partner at Greylock Partners. 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 when we raised $29 million total and had $7 million in the bank when we filed to go public, we went public in 2007. And then obviously capital was super expensive. Whats the strategy behind it? And if you want diversity, and you only care about that market because youre a local Australian or Canadian company, the only way you get geo diversity is by going to another cloud provider. 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. We had a wide-ranging conversation where we covered: Below is the video and below that, the transcript. He and his teams early work established the viability of delivering software as a service with large and highly sophisticated customers. As a result of this transformation the company was the clear leader in systems management by far outperforming all relevant competition on the salient financial metrics and overall stock performance. 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 -. 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. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. Can I modify the source code? And third, its not trivial to be both building software and running software. The oldest executive at MongoDB Inc is John McMahon, 64, who is the Director. Balanced lives continue to make great business sense. Most ppl <35 have never led teams during a difficult economic environment. First, you kind of land a workload or a few workloads. And today were approaching 4,000 people and about $700 million in run rate. They want to standardize and say a modern standard like MongoDB, maybe a relational standard like Postgres. Earlier in his career, he co-founded the software company Applica and served as president and CEO until it was purchased by Breakaway Solutions. How do you work with cloud vendors? Great. Do you have to recruit a completely different set of folks as you scale? So your impact on the NYC tech ecosystem has just been insane. 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. 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. Well, one, we run on all three clouds. Well, its more like an application search logic. He founded two companies, led and scaled multiple software companies, and made personal and institutional investments in a number of other disruptive software companies. 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. If developers dont use our product, we dont have a business. Author of various open-source dev-tools and software libraries used by millions of developers worldwide. Is this a fatal flaw? 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. 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. Dont assume that just because youre successful in the past, you can be successful in the future because your business is changing. Then a year later, we just got an offer to get bought out by BMC. So its allowed us to build a real business, allowed us to invest back into the product. Well, that feels like a great place to end. [Dev Ittycheria] Correct. 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. Then I took some time off. Well, we essentially solve that problem by coming out with our document architecture, which is much more conducive to the way developers think and the way developers code. Its not all tech all the time and in the Valley, you go to a soccer game and you just run into VCs and entrepreneurs and engineers. Theyve done a fantastic job. 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). They sold a total of 312,343 shares worth more than $86,077,186.26. 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 thats a pretty difficult challenge for developers. 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 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. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. At some point you have to say, Can this be remedied or do I have to make a change?. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. Were all cheering for Mongo, and what a remarkable success story. The second thing I would say is that we didnt view open source as a crowdsourced R&D strategy. The most recent insider tranaction occured on February, 13th when CEO Olivier Pomel sold 85,637 shares worth more than $7,075,328.94. So youve done it time and again, and both before IPO and after. . Ittycheria currently serves on the board of directors for public software company, Datadog, and blank-check company, Altimeter Growth Corporation. Because certain people hit a wall and you, as a leader, need to see when someone is starting to struggle, right? ), TRANSCRIPT (edited for clarity and brevity). 5. So you just have to make sure theres enough out there that you can monetize to build a healthy business. 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. She has served on the PSPAs Advisory Board and most recently was first vice president of the Executive Board. 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. The company also renders enterprise software integration, platform certification, and commercial licensing services. Amy B. Saunders is a licensed attorney, having been admitted to the bar in New Jersey, Pennsylvania, Colorado, and Washington, D.C. And that essentially means that you now have the full organizations endorsement to be the platform of choice. And typically we see a lot of consolidation happening now in large companies. Dev Ittycheria has experience as an entrepreneur, operator, and investor. And so, as I said, we only have 1% share and I think were doing quite well. Learn More about Dev Ittycheria's net worth. I can only imagine how many emails and pings you got, just now while you were kindly spending time with us. You can help Wikipedia by expanding it. 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