Mohit Aron traded salary for a 1% equity stake at Aster Data
“I took a pathetically low salary. You know, it was around 120,000 because I was, I had made enough money, but the options were eventually close to a percent that I took.”
Teradata acquired Aster Data for approximately $325 million
“I think the sale was it was undisclosed, and I had left Astrid by then, but the sale was around three hundred twenty five million if we know the numbers correctly.”
Mohit Aron claims he invented the concept of hyper-convergence at Nutanix
“I left Aster in 2009, and I actually founded the infrastructure company Nutanix in 2009, September 2009, and I was there with Nutanix for a little more than three years, and I was the brains behind the concept of hyperconvergence, which has kind of taken over …”
Tasso Argyros: Aster Data sold to Teradata in 2011
“We sold the company to Teradata in 2011, and then I ran the company as a division with my co-founder, ah, for a couple of years.”
Tasso Argyros: Aster Data began developing its architecture in 2005
“We were thinking about this problem back in 2005, right? So that was pre-Hadoop”
MySpace was a major early customer for Aster Data
“Right media never became our customer. And that's a different story, but MySpace did become a very big customer of ours.”
Founders must quickly replace misaligned early advisors, investors, and employees
“You know, in, back then we didn't think about it, but in retrospect, that first asset of everything is so critical, so that if it's not aligned with your vision, it's not aligned with the company's vision where you want to go, you really need to make a change …”
Aster Data was among the first companies to position around "Big Data"
“Aster was one of the first companies that you, that we used it as our major positioning statement, and I do believe we had the first big data event. Although I may be wrong, but nobody has, ah, nobody has, ah, told me otherwise so far.”
The term "Big Data" has lost its strategic marketing effectiveness
“We use Big Data a lot less because Big Data has lost a lot of the benefit it had for us back in 2009.”
Aster Data had around 100 employees in 2010 prior to acquisition
“When big data happened in 2010, we had maybe, you know, about a hundred employees”
Aster Data needed a major partner to fulfill its product vision
“And we realized that the only way to realize what the product and the company, ah, the vision, what it could offer was to align with the major player.”