Dev Ittycheria Wiki, Bio, Age, Family & More. Get notified the next time Dev Ittycheria buys or sells Datadog stock. 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. Its all over. And you see a lot of signs with the organization. Dev graduated from Rutgers University with a B.S. 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. And they said, we really want to embed all our OTP functionality along with application search in one platform, its much easier to maintain. We use open source as a freemium strategy to kind of let people use MongoDB quickly, play with it, tell their friends and leverage the virality of the open source community. Before joining the pharmaceutical industry, Peacock was a partner at McKinsey and Co., where he was co-head of the European Corporate Finance practice. So today MongoDB to your point is everywhere. You have to ask yourself, why is open source an important element of the strategy? But the U.S. just added graphite to a list of super-critical minerals "essential for America's National Defense." Even at your scale there is a finite amount of resources. I can only imagine how many emails and pings you got, just now while you were kindly spending time with us. In his 2019 interview, MongoDB CEO Dev Ittycheria confirms that MongoDB Inc. does not care about working with the open source community to make MongoDB better, as their focus is on their freemium strategy: "MongoDB was built by MongoDB. Nov 3. But look at Oracle. MongoDBs open source project has continued to explode in popularity. Prior to MongoDB, Ittycheria was the Co-founder & CEO of BladeLogic and the President of BMC Software. So they can pick and choose which services to use from which phone providers. MongoDB's insider roster includes Archana Agrawal (Director), Thomas Bull (Insider), Hope Cochran (Director), Michael Gordon (CFO), Charles Hazard, Jr. (Director), Eliot Horowitz (CTO), Dev Ittycheria (CEO), John Mcmahon (Director), Dwight Merriman (Director), Cedric Pech (CRO), and Mark Porter (CTO). One, the relational database, where youre trying to basically disaggregate data into rows and columns is a very counterintuitive way to model data. Thats just what I seem to really get excited about. 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. 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. We coexist with Oracle, we coexist with Microsoft, we coexist with other players, right? He currently serves as the President & CEO of MongoDB. And now we have a very distributed team. You know, or Dremio or other companies like that? All right. Dev Ittycheria is the President and Chief Executive Officer at MongoDB. I would just think of us as we really want to be an application data platform. And so its a constant kind of focus around those three things that allow us to make sure that were kind of running our business and scaling it well. Jonathan Z. Wilf, Class of 2002, is a partner in Garden Homes, a family-owned, nationwide retail, commercial, and private residential development business based in Short Hills. Learn More about insider trades at Datadog. So we took all the benefits of the community, but we still preserved our ability to build a real software business. Dont assume that just because youre successful in the past, you can be successful in the future because your business is changing. The company describes DocumentDB as a "fast, scalable, and highly available document database that . Biography of Dev Ittycheria. Well, that feels like a great place to end. The most recent insider tranaction occured on February, 13th when CEO Olivier Pomel sold 85,637 shares worth more than $7,075,328.94. I also felt like I could add some value to MongoDB. And that was important to us. And thats when you see the relationship with the customer grow fast. MongoDB serves customers worldwide by providing an open-source database platform for automating, monitoring, and deployment backups. MongoDB was founded by developers for developers to provide a database designed for today's modern applications. 5. 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. And so I really wanted to be at what I felt where the action was, which doesnt mean that what other people are doing is not interesting. The company was incorporated in 2010 and is headquartered in New York, New York. So what customers want to focus on is where am I having the most pain? Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. Today with our new announcement, you can run app A across multiple cloud providers. And I obviously have to acknowledge my team. BY Dev Ittycheria. You have a multi-cloud offering now, right? I need to make sure I have the right people in the organization, especially at the executive team to go execute on that strategy. So going after the database market is one of the largest markets in enterprise software. ), TRANSCRIPT (edited for clarity and brevity). So being able to embed analytics is going to be even more important. He and his wife, Dr. Anju Thomas have one child who finished high school from Pingry and another who is at the school. Learn More on Dev Ittycheria's trading history. Get notified of the Biography of World Famous Personalities. Well, if youre a customer in Australia or youre a customer in Canada, Amazon, or say Azure may only have one region. We make some decisions about, Are we going to be profitable? So one is linking to product market fit. What I mean by that is you constantly have to work at your trade craft. The most successful open source companies go after big markets, because by definition, you cant monetize all your usage. 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. He currently serves as the President & CEO of MongoDB. A tech CEO spent almost $600,000 on a Super Bowl ad to warn America about Tesla's self-driving technology. And we want to get that first workload. Ittycheria estimated that MongoDB had spent $150 million on research and development over the years to create and maintain the open-source version of the database. 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. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. I will start by reviewing our first-quarter results before giving you a. And third, its not trivial to be both building software and running software. Leading database company MongoDB has appointed IT veteran Dev Ittycheria as President and CEO. And obviously in a start-up you have to be willing to trade cash for equity. [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. Think about supply chain apps where you have to have real-time information. Now, obviously thats at the senior level, maybe the ops people may feel a little threatened, but they also realize that they can add more value to the organization without having to day-to-day manage MongoDB. So 99% of our growth has been organic. Then you find adjacencies to expand into. 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. How do you keep it together and not lose your sanity and make sure that you have time to think? Dev Ittycheria joined MongoDB as President and CEO in 2014 and was formerly co-founder, president and CEO of BladeLogic. PDF. Yes. Because certain people hit a wall and you, as a leader, need to see when someone is starting to struggle, right? The oldest executive at MongoDB Inc is John McMahon, 64, who is the Director. Is that sort of bottoms up or is there also top down of AEs going directly to CIOs? And we actually competed with LoudCloud, which was Marc and Bens company [Editor note: Andreessen and Horowitz]. The estimated net worth of Dev Ittycheria is at least $14.31 million as of January 3rd, 2023. And today were approaching 4,000 people and about $700 million in run rate. The corporate mailing address for Mr. Ittycheria and other MongoDB executives is 1633 BROADWAY 38TH FLOOR, NEW YORK NY, 10019. So with this whole complexity of open source and cloud and the relationship, what do you think of, I guess, open source in 2021 for a young company? In his past career Mr. Ittycheria was President & Chief Executive . Then a year later, we just got an offer to get bought out by BMC. Enter your email address below to get our daily insider buying and selling report. Before MongoDB, Dev was a Managing Director at OpenView Venture Partners and before that he was a Venture Partner at Greylock Partners. 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. Author of various open-source dev-tools and software libraries used by millions of developers worldwide. For Search, what we found was a lot of customers were dual homing data to both MongoDB and say Elastic. 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. And if you just keep trying to run the same playbook, youre going to hit a wall. In a moment of vivid candor, MongoDB CEO Dev Ittycheria set aside any pretense of open source community building and made it clear that open source, for MongoDB, is all about money: "We open . By continuing to use this Site or by clicking "OK", you consent to the use of cookies.OK. And I need to remove any barriers, whether the cultural barriers, financial barriers, organizational barriers, to make sure people are set up for success. Prior to MongoDB, Ittycheria was the Co-founder & CEO of BladeLogic and the President of BMC Software. 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. Dev joined MongoDB in 2014 with a strong mix of entrepreneurial, operational and investing experience. We partner with them on deals. So I think thats one. 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