Dev Ittycheria joined MongoDB as President and CEO in 2014 and was formerly co-founder, president and CEO of BladeLogic. Insiders at Datadog own 15.8% of the company. Obviously its been a pleasure to work with Oli and the team there. Mr. Ittycheria owns 190,264 shares of MongoDB stock worth more than $39,949,732 as of March 2nd. MongoDBs open source project has continued to explode in popularity. And so weve automated that for developers and made it really easy. And I break it down into kind of three things. 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. Learn More about Dev Ittycheria's net worth. Subscribe to CNBC PRO. He previously served on the boards of AppDynamics, athenahealth, and BazaarVoice, among others. Obviously, with Atlas, it has to be deployed and delivered to the cloud. So its actually encouraged entrepreneurs to keep companies in New York. How do you work with cloud vendors? They want to standardize and say a modern standard like MongoDB, maybe a relational standard like Postgres. So after IPO, maybe talk to teams and hiring and what do you want to do before IPO versus IPO? Thank you for having me. So what customers want to focus on is where am I having the most pain? Join our upcoming webcast for twitter.com/i/web/status/1. And third, its not trivial to be both building software and running software. Before MongoDB, Dev was a Managing Director at OpenView Venture Partners and before that he was a Venture Partner at Greylock Partners. So as data volumes grow, their architecture has limitations. Enter your email address below to get our daily insider buying and selling report. How do they kind of quickly triangulate on issues and resolve them quickly? 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. 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. Dont assume that just because youre successful in the past, you can be successful in the future because your business is changing. Learn More about Dev Ittycheria's net worth. In its last fiscal year,. Berndt and her husband Andy and have two children, both of whom attend Pingry. Now Amazons trying to make some extensions with Aurora to kind of make relational databases suck less, but they fundamentally have scalability problems. February 13, 2023. At some point you have to say, Can this be remedied or do I have to make a change?. So, global domination. Credit: Dev Ittycheria, MongoDB . If developers dont use our product, we dont have a business. So we had a lot of customers who obviously are building mobile. So you need to make sure you invest in both, right? RATINGS AND. You shouldnt just be open source for the sake of being open source. Theyre super expensive because the relational database was designed to be a single node system. Then a year later, we just got an offer to get bought out by BMC. How do you think about this? Awais loves the purple color; purple can be genius. 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. Learn More about Dev Ittycheria's net worth. This chart shows Dev Ittycheria's buying and selling at MongoDB by year and by quarter. 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. Well, I think happiness for a CEO is a great relationship with your board and having a high functioning, cohesive team under you, right? But theres some spirit of coopertition and thats like weve been dealing with the big guys, Oracle from day one, Microsoft, and obviously now Amazon. 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. 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. So you have to then translate developer enthusiasm and interest into a real business value proposition for some decision makers. Learn More on Dev Ittycheria's trading history. Datadog, Inc. provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. So you can thrive as an infrastructure company without being open source. So then our revenue forecast then drives an expense forecast. So it was a very fair trade. So we think about how quickly we can grow our top line relative to our productivity and how fast we can hire. president and CEO Dev Ittycheria is scheduled to be on CNBC's "Mad Money," which airs Monday at 6 p.m. EDT. 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? Literally there is not one country, once city in the world, I dont think someones not using MongoDB. And in our business, its a land expand. 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. 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. So when they basically say why dont you the experts manage it for us? Well, thank you, man. Yeah, weve made three acquisitions and two of them were non-revenue acquisitions, they were more technology acquisitions. Insiders at MongoDB own 5.7% of the company. Well, that feels like a great place to end. 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. So theres a little bit of sausage making in the process. Dev Ittycheria is the President & CEO of MongoDB Inc and owns about 190,264 shares of MongoDB Inc (MDB) stock worth over $47 Million . He currently serves as the President & CEO of MongoDB. MongoDB is designed from the ground up to be highly scalable. 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. Learn More about insider trades at MongoDB. And all of a sudden I saw these companies get funded. Were really focused on helping developers build amazing applications and leveraging software and data to do so. And so I think the line or distinction between mobile and web apps will blur when you have that kind of network performance. You know, theyve had Oracle RAC, sidecar and other ways to try and replicate. And we knew that we solved a very important problem. 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. Enter your email address below to get our daily insider buying and selling report. 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. Enter your email address to subscribe to this blog and receive notifications of new posts by email. And were not trying to be a data warehouse. So well have a 3rd big, and their valuation I think will be quite large. And obviously we also want to plant seeds, especially on the product side, for things that we think will bear fruit two, three years from now, because a lot of the investments were making now wont show up as products until later. And so at some point we have to say, Hey, its time to bring someone else who can kind of help the organization scale to the next level. Its just to say, theres a clear strategy there. He is a member of the Board of Trustees of the Essex Hunt Club and has previously served as a member of the Board of Trustees of the Far Hills Country Day School and the Board of Governors of the Somerset Hills Country Club. We said, we invest a lot in the product. 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. So our business starts and stops with developers. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. Dev Ittycheria is the Director of Datadog Inc and owns about 441,347 shares of Datadog Inc (DDOG) stock worth over $38 Million . 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). And our focus is really helping developers use data to build amazing applications. All right. The shares were sold at an average price of $199.96, for a transaction totalling $7,874,824.72. I would just think of us as we really want to be an application data platform. Always have the attitude of I have more to learn, and that to me has paid massive dividends. Managing a distributed database can be quite challenging. SAS remains strongly committed to providing the whole employee experience - meaningful work It also offers professional services including consulting and training. So its tricky, but this is part of leadership, right? A leader has to essentially recruit well. Dev Ittycheria is an American software executive, entrepreneur, venture capitalist, and the president and CEO of MongoDB, a popular next-generation database. 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. 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