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Azam: MongoDB took 10 years to hit $100M ARR, four for $500M

Sahir Azam · How Sales and Product Really Should Work Together with MongoDB | SaaStr Software Community · Jan 8, 2021 · at 28:07

Sahir Azam, Chief Product Officer at MongoDB, reflects on how shifting to a SaaS cloud model drastically accelerated MongoDB's revenue growth trajectory.

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“Took us about a hundred to get to a hundred million took our company about 10 years, you know, and granted, there was a lot of adoption that needed to happen there, you know, a lot of early development of our technology. So it's not a perfect apples to apples comparison, but it took us 10 years to get to that hundred million sort of ARR run rate. And it took us another four years to get to 500.”

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Insight
Azam: Consumption models disrupt subscriptions just as subscriptions disrupted perpetual licenses
“A consumption based cloud business is as different from a subscription software business, which is kind of our transition. As 10 years ago, perpetual software was to subscription. You know, it's that fundamental of a difference in terms of the economics and cu…”
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Assertion Supported
Azam: Early MongoDB revenue was concentrated exclusively in large enterprises
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Insight
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Assertion Supported
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Sahir Azam Jan 8, 2021 ▶ 11:00 How Sales and Product Really Should Work Together with MongoDB | SaaStr Software Community
Assertion Supported
Azam: MongoDB cloud business accounts for 47% of total company revenue
“We had our earnings call last night, you know, our cloud business is growing over. You know, year over year, it's now 47% of our total company revenue.”
Sahir Azam Jan 8, 2021 ▶ 27:01 How Sales and Product Really Should Work Together with MongoDB | SaaStr Software Community
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