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| − | + | Billion-dollar database company MongoDB has announced a new CEO, outsider Dev Ittycheria, after just one year with Max Schireson at the helm. A former software CEO turned investor, Ittycheria will become president and CEO as of September 3, when Schireson will drop into a vice chairman role. | |
| − | + | Ittycheria joins from OpenView Partners, a middle-stage venture capital firm focused on software. Before that, he did a quick stint as a venture partner at Sand Hill Road stalwart Greylock Partners. An electrical engineer by trade, Ittycheria鈥檚 managing experience comes as president of and as cofounder and CEO of BladeLogic, a company he sold to BMC in 2008 for $900 million. | |
| − | + | The Palo Alto-based Schireson had been CEO of MongoDB for a year and a few months, assuming the title last January after joining the company in 2011 as president. But Schireson says his tour of duty as leader was really more the almost four years he spent in the two roles, because as he puts it, 鈥淭here wasn鈥檛 a heck of a lot of difference as CEO from when I <a href=http://www.saclouisvuittonhomme.com>Sac Louis Vuitton Neverfull</a> was president, because everyone except <cofounder>and chairman] Dwight <Merriman> had to answer to me.鈥?He had joined the company from MarkLogic, where he鈥檇 served as COO, as well as nine years as a vice president at . | |
| − | + | <Update>: In a call with Forbes, Schireson says that he decided to step down because of the toll imposed on him by constant travel between the company鈥檚 New York City and Palo Alto headquarters and from customer visits. Spending more time with his family, the outgoing CEO says, 鈥渋s not a euphemism. It鈥檚 something I needed to do for my family, and there鈥檚 never a convenient time.鈥? | |
| − | + | A tipping point for Schireson came on a long-delayed overnight flight to Austin. The CEO woke up in Tuscon to discover his flight had gone through an emergency landing and needed to replace some crew members traumatized by the experience鈥揳ll while he slept, desperately trying to catch up on rest. 鈥淚n that moment, I realized, 鈥榃hat am I doing?鈥欌€? | |
| − | + | Schireson鈥檚 also been a CEO at times uncomfortable with the spotlight. Back in September, he wrote a blog post, 鈥淭he Challenge of Being an Introverted CEO,鈥?in which he noted that he struggled to meet new employees and handle the more social aspects of the job. He : | |
| − | + | 鈥淎s for my effectiveness in running the company, perhaps I would be more effective if I were more gregarious with the team. Certainly they would like it day to day. On the other hand, I do think there are advantages to my style. In larger groups I often like to hang back and listen. One of the hardest things for a CEO as a company gets large is having good data. While I am not a magnetic outgoing leader, I think I can listen well and I have high empathy. And I think we have built a strong team and they are pointed in a good direction.鈥? | |
| − | + | Schireson says he鈥檚 most proud of of the trust the company鈥檚 gained from major customers like banks and big internet companies, but he also oversaw the company鈥檚 ascent to the top of the private tech company ranks in New York City. Back in October, the company from investors led by <a href=http://www.saclouisvuittonhomme.com>Sac Louis Vuitton Palermo</a> and with new investors Altimeter Capital and T. Rowe Price. That deal valued the company at $1.2 billion, putting it in the ranks of unicorn billion-dollar startups, and also validated its NoSQL database approach with some other tech heavyweights, as , Capital and Red Hat all invested alongside top venture firms Sequoia Capital and New Enterprise Associates. | |
| − | + | Ittycheria inherits a company with over $231 million in funding and more than 600 customers including Cisco, MetLife, MTV and Forbes, charging them annual subscription revenues per server for its database solution and additional features. | |
| − | + | The company once known at 10gen remains dual-headquartered in both New York and Palo Alto, where Schireson <a href=http://www.saclouisvuittonhomme.com>Sac Louis Vuitton Pallas</a> was based, with more than 400 employees across at least 8 global offices. 10gen had been founded in 2007 by Merriman, a cofounder of ad tech company DoubleClick that became the backbone of Google鈥檚 online advertising offerings, as well as by ShopWiki cofounder Eliot Horowitz, now the company鈥檚 CTO. Merriman also cofounded Business Insider and Gilt Groupe alongside and remains chairman of MongoDB. | |
| − | + | 鈥淲e are delighted that Dev will be leading the next leg of our amazing growth,鈥?Merriman said in a press release on the news. 鈥淢ax has built a world-class team that has shipped great software, raised a record amount of money from smart investors, attracted hundreds of great partners and generated millions in revenue from the world鈥檚 leading companies. Dev鈥檚 skills are a fantastic addition as we continue to grow our leadership in the market.鈥? | |
| − | + | Ittycheria brings more operations expertise than the company鈥檚 two previous CEOs, both with technical backgrounds, which Schireson says will be critical for the company to continue to expand global sales. But perhaps most importantly, Ittycheria鈥檚 willing to take up the bi-coastal challenge, which Schireson argues is tough on the top executive but good for customers who get local executive presences and sales reps. | |
| − | + | Most importantly, Ittycheria鈥檚 got the spotlight from now on, as Schireson gets his wish for a future of more anonymity. | |
| − | + | This story has been updated with comment from MongoDB CEO Max Schireson. | |
| − | + | | |
| − | + | | |
| − | + | Follow Alex on , and for more coverage of startups, enterprise software and venture capital. | |
| − | + | ||
| − | + | ||
Revision as of 10:11, 11 August 2014
@@@ Billion-dollar database company MongoDB has announced a new CEO, outsider Dev Ittycheria, after just one year with Max Schireson at the helm. A former software CEO turned investor, Ittycheria will become president and CEO as of September 3, when Schireson will drop into a vice chairman role. Ittycheria joins from OpenView Partners, a middle-stage venture capital firm focused on software. Before that, he did a quick stint as a venture partner at Sand Hill Road stalwart Greylock Partners. An electrical engineer by trade, Ittycheria鈥檚 managing experience comes as president of and as cofounder and CEO of BladeLogic, a company he sold to BMC in 2008 for $900 million. The Palo Alto-based Schireson had been CEO of MongoDB for a year and a few months, assuming the title last January after joining the company in 2011 as president. But Schireson says his tour of duty as leader was really more the almost four years he spent in the two roles, because as he puts it, 鈥淭here wasn鈥檛 a heck of a lot of difference as CEO from when I <a href=http://www.saclouisvuittonhomme.com>Sac Louis Vuitton Neverfull</a> was president, because everyone except <cofounder>and chairman] Dwight <Merriman> had to answer to me.鈥?He had joined the company from MarkLogic, where he鈥檇 served as COO, as well as nine years as a vice president at . <Update>: In a call with Forbes, Schireson says that he decided to step down because of the toll imposed on him by constant travel between the company鈥檚 New York City and Palo Alto headquarters and from customer visits. Spending more time with his family, the outgoing CEO says, 鈥渋s not a euphemism. It鈥檚 something I needed to do for my family, and there鈥檚 never a convenient time.鈥? A tipping point for Schireson came on a long-delayed overnight flight to Austin. The CEO woke up in Tuscon to discover his flight had gone through an emergency landing and needed to replace some crew members traumatized by the experience鈥揳ll while he slept, desperately trying to catch up on rest. 鈥淚n that moment, I realized, 鈥榃hat am I doing?鈥欌€? Schireson鈥檚 also been a CEO at times uncomfortable with the spotlight. Back in September, he wrote a blog post, 鈥淭he Challenge of Being an Introverted CEO,鈥?in which he noted that he struggled to meet new employees and handle the more social aspects of the job. He :
鈥淎s for my effectiveness in running the company, perhaps I would be more effective if I were more gregarious with the team. Certainly they would like it day to day. On the other hand, I do think there are advantages to my style. In larger groups I often like to hang back and listen. One of the hardest things for a CEO as a company gets large is having good data. While I am not a magnetic outgoing leader, I think I can listen well and I have high empathy. And I think we have built a strong team and they are pointed in a good direction.鈥?
Schireson says he鈥檚 most proud of of the trust the company鈥檚 gained from major customers like banks and big internet companies, but he also oversaw the company鈥檚 ascent to the top of the private tech company ranks in New York City. Back in October, the company from investors led by <a href=http://www.saclouisvuittonhomme.com>Sac Louis Vuitton Palermo</a> and with new investors Altimeter Capital and T. Rowe Price. That deal valued the company at $1.2 billion, putting it in the ranks of unicorn billion-dollar startups, and also validated its NoSQL database approach with some other tech heavyweights, as , Capital and Red Hat all invested alongside top venture firms Sequoia Capital and New Enterprise Associates. Ittycheria inherits a company with over $231 million in funding and more than 600 customers including Cisco, MetLife, MTV and Forbes, charging them annual subscription revenues per server for its database solution and additional features. The company once known at 10gen remains dual-headquartered in both New York and Palo Alto, where Schireson <a href=http://www.saclouisvuittonhomme.com>Sac Louis Vuitton Pallas</a> was based, with more than 400 employees across at least 8 global offices. 10gen had been founded in 2007 by Merriman, a cofounder of ad tech company DoubleClick that became the backbone of Google鈥檚 online advertising offerings, as well as by ShopWiki cofounder Eliot Horowitz, now the company鈥檚 CTO. Merriman also cofounded Business Insider and Gilt Groupe alongside and remains chairman of MongoDB. 鈥淲e are delighted that Dev will be leading the next leg of our amazing growth,鈥?Merriman said in a press release on the news. 鈥淢ax has built a world-class team that has shipped great software, raised a record amount of money from smart investors, attracted hundreds of great partners and generated millions in revenue from the world鈥檚 leading companies. Dev鈥檚 skills are a fantastic addition as we continue to grow our leadership in the market.鈥? Ittycheria brings more operations expertise than the company鈥檚 two previous CEOs, both with technical backgrounds, which Schireson says will be critical for the company to continue to expand global sales. But perhaps most importantly, Ittycheria鈥檚 willing to take up the bi-coastal challenge, which Schireson argues is tough on the top executive but good for customers who get local executive presences and sales reps. Most importantly, Ittycheria鈥檚 got the spotlight from now on, as Schireson gets his wish for a future of more anonymity. This story has been updated with comment from MongoDB CEO Max Schireson. Follow Alex on , and for more coverage of startups, enterprise software and venture capital.
