Elastic

“And I would expect there to be even more in AI. We'll have kind of like the MongoDB, the Elastic, the Red Hat of AI, which are going to be like open source AI, AI companies.”

“If we're making a series B investment, it's by exception, like elastic. Series B investment. Terrific return. Confluent. Series B investment. Terrific return.”

“With other search technologies, this is again, this is the wrong search mode. If you're searching with keywords and just not finding The relevant information, because the embeddings, the contextual space in which these pieces of text, documents, or images live…”

“We're working on a distributed version of Chroma. So in the same way that Elastic for those of you that are familiar with TextSearch, Elastic picked up Lucene, made it developer-friendly, they made it distributed, Chroma picks up some of these ANN algorithms, …”

“In short order, Peter goes on to do Twitter, Docker, Zora, Hortonworks, New Relic, Elastic.”

“I would say, kind of, back at Elastic, actually, we pushed back on trying to be put in a category, right? I mean, there were analysts who were trying to reach out to us and say, like, hey, can you know, participate in this magic quadrant or this wave, and At t…”

“Examples like putting a getting started with webinar on our homepage banner. Almost no, this was pre us becoming SaaS where SaaS everything starts with, like, start a free trial, so this was pre-SaaS a little bit, but most companies wouldn't put a getting star…”

“What we found at Elastic was the simpler looking newsletters that were actually not super polished looking, that were shorter, did much better in terms of clicks and engagement.”

“At Elastic, the community team did start in engineering, did sit in product, and then eventually moved over to marketing”

“When we did deal reviews of some of the bigger deals, you would sometimes see, like, two or three years ago, there was an open source use case, and there were two open source use cases, and three open source use cases, and then they grew, right? And eventually…”

“When I left Elastic, I believe the company was doing a little bit north and a half a billion in recurring revenue at the time. I'm almost certain it was north of 40%. I think 41% of revenue was coming outside of the U.S.”

“In our focus, we're doubling every year, and we're signing also big American companies, or at least big tech companies like Elastic, Robinhood, Brex.”

“He spends an incredible amount of time ahead of every board meeting, diving deep into the materials, having the conversations with founders and executives about questions that arise. In his mind, as he's reviewing the materials, he comes in with this mode of l…”

“On the IPO side, we had Pivotal, which was the largest open source IPO in history, and then they were trumped a few months later by Elastic, which became the largest. So the two records set in the public landscape in the same year.”

“I think Elastic, which is Filed Furnace for a IPO, is an example of that. I think they're already making a hundred and sixty million In revenue, which is more than Mongo's making already, which is crazy.”

“Now, Algolia, Elastic, like, all these companies do that. They make it very easy to deploy a very fast search box on your website, but the thing is, because they guarantee you that they're not going to share any data in any way with anyone they can't really im…”