Previously, Barral was managing director at Barclays Capital and JP Morgan in convertible sales and trading. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. February 13, 2023. So youll see us expand into other capabilities that developers need to build applications. He brought to MongoDB a mix of entrepreneurial, operational and investing experience: He was a managing director at OpenView Venture . Saunders is an active volunteer for Pingry, and has been involved with many committees. So its allowed us to build a real business, allowed us to invest back into the product. The corporate mailing address for Mr. Ittycheria and other MongoDB executives is 1633 BROADWAY 38TH FLOOR, NEW YORK NY, 10019. Ittycheria and his wife, Dr. Anju Thomas, have two children. So 99% of our growth has been organic. 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. 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. Tech. They sold a total of 312,343 shares worth more than $86,077,186.26. 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 then what are the right type of folks that you want as a growth stage startup versus as a public company? SAS remains strongly committed to providing the whole employee experience - meaningful work Learn More on MongoDB's active insiders. 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). So we have to make sure we drive a lot of developer enthusiasm by using MongoDB. He currently serves as the President & CEO of MongoDB. And so you really build a lot of muscles in terms of using the best, the cheapest form of financing is revenue, right? 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. 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. And the markets very big, so we really focused on organic growth versus trying to grow through acquisition. Your email address will not be published. So, global domination. Berndt is also a volunteer and board member with several other educational organizations. Dev currently serves as lead independent director of the board of directors of Datadog, Inc., a public software company. Its all over. Developer speed is a proxy for innovation The supercloud is transforming the role of developers. We make some decisions about, Are we going to be profitable? 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. Previously, Dev was Managing Director at OpenView Venture Partners, Venture Partner at Greylock Partners, and CEO/Co-founder of BladeLogic, which was acquired by BMC for $900 million. There was no prior art. 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. Yes, I raised my first round of financing five days before 9/11. So today MongoDB to your point is everywhere. Dev also serves on the board of directors of DataRobot, a private software company. The shares were sold at an average price of $199.96, for a transaction totalling $7,874,824.72. The most recent insider tranaction occured on February, 13th when CEO Olivier Pomel sold 85,637 shares worth more than $7,075,328.94. The Biggest "Missing Ingredient" in the $7 Trillion EV Market. Dev Ittycheria has experience as an entrepreneur, operator, and investor. They give us marketing dollars to drive customer demand. I personally love New York city, its my favorite city in the world. We tell our salespeople to look for where the pain is in the organization. My philosophy in life has always been, always be the student of the game, not the master of the game. Dev Ittycheria, CEO, at MongoDB joins. It just gets a little bit monotonous where I think the cultural diversity of New York is something that I really appreciate. Then flying anywhere from New York is so easy. Itd be foolish to try and optimize for profitability. Previously, he was Managing Director at OpenView Venture Partners, Venture Partner at Greylock Partners, and co-founder of BladeLogic, which was acquired by BMC for $900 million. 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? And our goal is to be the standard where we can go after 80% of the use cases. 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. As the CEO of MongoDB, Inc., Mr. Ittycheria earned a total compensation package of $10,566,757.00 in 2022. 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. So your impact on the NYC tech ecosystem has just been insane. 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. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. Class of 1978, in a prepared statement. 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. Whats the strategy behind it? (The 2016 Big Data Landscape), Resilience and Vibrancy: The 2020 Data & AI Landscape, A Turbulent Year: The 2019 Data & AI Landscape, Firing on All Cylinders: The 2017 Big Data Landscape, Great Power, Great Responsibility: The 2018 Big Data & AI Landscape, Internet of Things: Are We There Yet? The most recent insider tranaction occured on January, 3rd when CFO Michael Lawrence Gordon sold 2,060 shares worth more than $410,578.60. Jonathan M. Peacock is chairman and CEO of Biotech company Bellerophon Therapeutics and is a board member of Kite Pharma. Amy B. Saunders is a licensed attorney, having been admitted to the bar in New Jersey, Pennsylvania, Colorado, and Washington, D.C. So we think about how quickly we can grow our top line relative to our productivity and how fast we can hire. Theres a lot of fierce battles about what to do and what not to do. 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. I will start by reviewing our first-quarter results before giving you a. Don't miss the $.13 cent "Next-Gen" stock that just received a $2.50 target for 2023. Its not always a CIO, it could be the VP of Infrastructure. So it just makes it so much easier to use MongoDB, to build applications, to do it quickly and to do it more powerfully. I think whats changed is the access to capital obviously, firms like FirstMark and others have done a lot of investing in New York. Learn More about Dev Ittycheria's net worth. We need to make MongoDB a standard. In fact, my predecessor at MongoDB was actually based out of California. And if you give away too much of your product, its very hard to monetize. 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. 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 -. Under Dev's leadership, MongoDB has released innovative . I felt like Id be like a caged tiger. And that was important to us. What does that look like? So youre always trying to find that fine balance in terms of what the paywall is. Yeah, weve made three acquisitions and two of them were non-revenue acquisitions, they were more technology acquisitions. Licensing & Reprints. 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 . And all of a sudden I saw these companies get funded. Think about it like a leaderboard for a gaming application. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. The estimated net worth of Dev Ittycheria is at least $39.95 million as of January 3rd, 2023. And thats something that you guys created right? Most recently, Dev Ittycheria sold 39,382 shares of the business's stock in a transaction on Tuesday, January 3rd. And thats a pretty difficult challenge for developers. Your markets changing, your customers are changing. 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. In 2012, he became a partner at venture capital firm Greylock Partners.[3]. Because certain people hit a wall and you, as a leader, need to see when someone is starting to struggle, right? You know, theyve had Oracle RAC, sidecar and other ways to try and replicate. For example, Snowflake is not an open source company. Whos moving sideways? Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. 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. Balanced lives continue to make great business sense. 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. 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. The company is growing at a 40% rate and doing remarkably well, Jim Cramer said. 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). On this Wikipedia the language links are at the top of the page across from the article title. Learn More on Dev Ittycheria's contact information. Award-winning Open Source Engineer and VP of Developer Relations. 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. So 2014 turned out to be a pretty interesting year for me. China has owned the graphite market for decades. And then maybe theres some corner cases where they use something esoteric. And were not trying to be a data warehouse. But the U.S. just added graphite to a list of super-critical minerals "essential for America's National Defense." Can grow our top line relative to our productivity and how fast we can hire grow... The CEO of Biotech company Bellerophon Therapeutics and is a board member Kite. As an entrepreneur, operator, and leader specializing in high-growth software.... 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