So one is linking to product market fit. I mean, Oracle was founded in 1977. Dev Ittycheria Wiki, Bio, Age, Family & More. Insiders at Datadog own 15.8% of the company. So theres a lot of healthy partnership there. So they can pick and choose which services to use from which phone providers. 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. Learn More about insider trades at MongoDB. So you have to think through your licensing around how you plan to license your product and make it simple for customers so that its not confusing to them or to the market about what your intentions are. So we have never been more popular than we are today. Atlas, which is your database as a service offering, was launched in late 2016. 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. Thats the heart of the whole discussion. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. 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. They want to standardize and say a modern standard like MongoDB, maybe a relational standard like Postgres. So theyre motivated to drive those workloads to the cloud. Jonathan M. Peacock is chairman and CEO of Biotech company Bellerophon Therapeutics and is a board member of Kite Pharma. So youve done it time and again, and both before IPO and after. So you can thrive as an infrastructure company without being open source. But again, it all depends on what the strategy is. So if you constrain the paywall too much, then you have very little adoption. Awais loves the purple color; purple can be genius. 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. 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. $70 per post at $7/CPM. Why do you think its continued to be so incredibly popular and in fact accelerating? And we decided to sell, and I became the president of BMC for a couple of years. Its all over. But why dont we go directly to the CIO because everyone knows Mongo, right? 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. This net worth evaluation does not reflect any other investments that Mr. Ittycheria may own. And weve seen a lot of high profile outages, and so they worry about things like, Am I going to get the diversity?. So access to the world from New York is very easy and I like the heterogeneity of the culture. In the last year, insiders at the sold shares 60 times. There are 4 older and 12 younger executives at MongoDB Inc. How do you scale yourself? He currently serves as the President & CEO of MongoDB. And that essentially means that you now have the full organizations endorsement to be the platform of choice. Youre CEO of one and board member of the other. Learn More on Dev Ittycheria's trading history. They sold a total of 312,343 shares worth more than $86,077,186.26. 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. 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. Dev currently serves as lead independent director of the board of directors of Datadog, Inc., a public software company. So being able to embed analytics is going to be even more important. And Ive been to almost every major city in the world. Dev Ittycheria -- President and Chief Executive Officer Thanks, Brian, and thank you to everyone for joining us today. Its only maybe a couple hours longer. Is that sort of bottoms up or is there also top down of AEs going directly to CIOs? Licensing & Reprints. I started off in a management program at AT&T, I rose pretty quickly, but quickly got frustrated with big company politics and went to some smaller telecom company and thats in the 90s when telecom was hot and VCs were investing and building out the broadband internet. And I break it down into kind of three things. 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. Image: Joao-Pierre S. Ruth. 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. Nov 3. And we find the relationship kind of tends to be in three stages. SAS remains strongly committed to providing the whole employee experience - meaningful work 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 personally love New York city, its my favorite city in the world. Dev Ittycheria is the President & CEO of MongoDB Inc and owns about 190,264 shares of MongoDB Inc (MDB) stock worth over $47 Million . The estimated net worth of Dev Ittycheria is at least $14.31 million as of January 3rd, 2023. Datadog can also be reached via phone at 866-329-4466 and via email at [emailprotected] Learn More on Dev Ittycheria's contact information. Learn More on Dev Ittycheria's trading history. Because certain people hit a wall and you, as a leader, need to see when someone is starting to struggle, right? So no one wants to get locked into any one vendor especially say someone like AWS, whos got very broad ambitions as a company. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. He also serves on the new stadium development team, set to open in 2016. So it allowed us to really capture value, but still also give compelling value to our customers. Sometimes theres a little bit of blood on the walls. Information on this page was last updated on 1/3/2023. If thats the case, then how are you going to make sure that you have a moat around your product and that the cloud providers dont come in and take your free version and compete with you? But obviously you also have to recruit outside for a certain set of skills that you may not have in the organization. Prior to MongoDB, Ittycheria was a partner at Greylock Partners, the managing director at OpenView Venture Partners, and the co-founder and CEO of BladeLogic which was later acquired for $900 million. 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. Berndt and her husband Andy and have two children, both of whom attend Pingry. And were not trying to be a data warehouse. Yeah, its a good question. Your organization is changing. Ittycheria and his wife, Dr. Anju Thomas, have two children. And today were approaching 4,000 people and about $700 million in run rate. Ittycheria led the companys 2017 IPO, the first of a database company in more than 26 years. The estimated net worth of Dev Ittycheria is at least $16.88 million as of January 3rd, 2023. In the last year, insiders at the sold shares 34 times. We dont want to do that. Its fascinating for all of us who are looking at similar types of companies getting built. There was obviously some interesting companies, obviously DoubleClick was doing well, and adtech was a big space and new media was another hot area, but hardcore tech was not a placefor the New York. 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. That being said, developers dont necessarily have the right to say yes, they have the right to say no. So says Dev Ittycheria, CEO of MongoDB, but organizations need to realise that there's more to this re-invention than simply declaring that it's full speed ahead in a shift to the cloud. Were enabling people to use the power of our query language to create data not just from MongoDB, but from other sources. They sold a total of 897,213 shares worth more than $88,522,836.60. I will start by reviewing our first-quarter results before giving you a. One is a current Pingry student, and the other is joining Pingry this fall. Here is MongoDB President & CEO Dev Ittycheria. So 2014 turned out to be a pretty interesting year for me. You were trying to recruit from the big banks and so forth. How do you keep it together and not lose your sanity and make sure that you have time to think? Wilf and his wife Rachel have one child. Great. Yeah. Dev Ittycheria has over two decades of experience as an entrepreneur, investor, and leader specializing in high-growth software companies. Enter your email address below to get our daily insider buying and selling report. MongoDB, Inc. (NASDAQ:NASDAQ:MDB) Q1 2023 Earnings Conference Call June 1, 2022 5:00 PM ETCompany ParticipantsBrian Denyeau - IR, ICRDev Ittycheria - President and Chief Executive. Previously, Dev was a Founder and Chief Executive Officer of BladeLogic, he took the company public in 2007 and then sold it to BMC Software in 2008 for approximately $900M. And we also think therell be a lot of free usage of MongoDB out there. Mr. Ittycheria owns 190,264 shares of MongoDB stock worth more than $39,949,732 as of March 2nd. 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. Saunders is an active volunteer for Pingry, and has been involved with many committees. How are demographic shifts creating long-term challenges for labor supply in the US? Your competition is changing. Peacock is a chartered accountant. Enter your email address below to get our daily insider buying and selling report. And three, are they executing consistently quarter in, quarter out and do they have an operating rhythm? Youve done some fascinating things as an entrepreneur, as a CEO, also as a VC, although more briefly if you could give us a couple of minutes on your story, thatd be awesome. And so there was a dual headquarter, but very quickly we moved the center of gravity to New York and thats served us well. Chart Data in Insider Trading History Table. And then you keep adding more stuff to it, like more features, more product expansion. Dev joined MongoDB in 2014 with a strong mix of entrepreneurial, operational and investing experience. How do you work with cloud vendors? AWS launched DocumentDB today, a new database offering that is compatible with the MongoDB API. If youre a young startup, is that the way to go or is there an evolution there? And we knew that we solved a very important problem. Previously, she was associate litigation counsel at WorldCom. 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