Fresh Capital

MongoDB Reportedly Just Snagged a $1.2B Valuation, Putting the Company on Top of the NYC Pile

CEO Max Schireson (Twitter)

Throw that money in the air: MongoDB (a.k.a. 10gen, which recently renamed itself after its core product) has just raised a $150 million round of funding from investors including EMC Corp., Salesforce, T. Rowe Price, Red Hat, Intel, NEA and Sequoia.

According to Bloomberg News’s sources, the company raised the money at a $1.2 billion valuation, which would make the startup the most valuable in New York. Read More

startup rundown

Startup Rundown: 10gen Clears Up The Confusion and Refinery29 Clears Out The Competition

(Photo: YouTube)

Zoom in on PhotoShelter Interested in taking your prolific Instagram food photography talents to the next level? Check out PhotoShelter, the startup that lets photographers customize their own websites, market themselves online and sell their work—among other helpful tools—all in one place. Clicking through PhotoShelter’s site, we must admit these examples of online photography portfolios look pretty darn sexy. The company reported a profit only 18 months from launching, so they must be doing something right. Read More

Talent Crunch

To Beat Goldman and Google on Campus Recruiting, Startups Like Square Sponsor 25-School Hacker Tour

At Yale recruiting event for Morgan Stanley last winter (Photo: Dealbook)

Talk to a startup recruiter about hiring young developers, and he’ll eventually admit it’s hard to compete in the campus cattle call, with Goldman and Google sucking up all the air.

But rather than rely on incendiary exit letters or Aaron Sorkin scripts to convince engineering talent to come over to to the startup side, a number of smaller companies are banding together to flex their collective recruiting power. Read More

Internet Week

Betabeat’s Official Guide to the Must-See Events at Internet Week 2012

(internetweekny.com)

Unless you’ve gone off the grid, you probably already know that Internet Week 2012 launches on Monday. But with a dizzying number of events to attend, it’s hard to figure out which ones are worth the time, effort and subway fare. Betabeat guest blogger Gary Sharma, something of an events truffle hound, already penned his personal list of recommendations. But consider this Betabeat’s official to-do list: blogger tested, Betabeat approved. Read More

the startup rundown

Startup News: Dev Bootcamp, Incubator Deadlines, Closet Monsters From TV and Free Food

Stacy London of What not to Wear has a new startup called TKTKTKTKTK (Source: Phil Plait

SHUTTER. Luminance is not your average photography conference. Instead of focusing on the latest gear, this two-day program will bring together experts at the forefront of the technology we use to create, manipulate and share our images. Among the speakers are Behance founder Scott Belsky, Hipstamatic cofounder Lucas Allen Buick, Google’s Chris Chabot, Pulitzer prize winning photographer Barbara Davidson, Tumblr CEO president John Maloney, Facebook Photos engineer Srinivas Narayanan and the School of Visual Art’s David Ross. All speakers will present a 20-minute TED-style lecture.

TOE, HEEL, TOE, HEEL. What Not to Wear‘s Stacy London is the cofounder of a just-launched site that aims to connect personal stylists with the stylistically clueless. Style For Hire stylists will perform a “closet audit,” provide personal shopping services or create new outfits out of clothes a customer already has—that’s called closet shopping. Now women who aren’t lucky enough to be on the show can still have their closets—and lack of fashion sense—torn apart, but without the benefit of a judgmental, national audience. Read More

The Third Degree

10gen CTO Eliot Horowitz on the Rise of MongoDB, Partnering with Red Hat, and Hiring in a Talent Crunch

Mr. Horowitz

Earlier this week, 10gen, the promising AlleyCorp startup launched by DoubleClick cofounder Dwight Merriman, announced a new partnership with an eye toward helping developers who work with big data and cloud technologies. The boost in market share probably doesn’t hurt either.

10gen both develops and sponsors the open source NoSQL database MongoDB, which is used by companies as diverse as Foursquare, SecondMarket, and Bit.ly on up to MTV, Intuit, and Disney.

On Monday, 10gen revealed that Mongo will be partnering with Red Hat, a software provider focused on larger enterprise clients that crossed the billion dollar revenue mark—the first for an open source company—in March. As Seeking Alpha notes today, the Mongo connection puts Red Hat “on a collision course with the toughest guys in tech, Oracle.”

Betabeat recently talked to 10gen CTO and cofounder Eliot Horowitz, who’s been known to freestyle on tech topics for eager 10gen staffers, about the Red Hat partnership, how Mongo started attracting big name clients, and 10gen’s plans to hire 100 people this year, announced shortly after the company picked up $20 million from Sequoia and Union Square Ventures. Read More

Let's Talk Trolls

The Trolls Come Out For 10Gen

(Illustration by David Saracino / New York Observer.)

Don’t play with matches in a dry wooded area. Don’t put a detailed rant on Hacker News unless you’re prepared to start a fire.

An anonymous pastebin post from this weekend slammed the MongoDB database architecture and in particular the support from 10Gen, the AlleyCorp company with deep ties to MongoDB. It quickly raced to the top of Hacker News and from there around the developer community.

The screed got a ton of attention, to the point where 10Gen CTO Eliot Horowitz jumped into the comments on Hacker News and addressed the complaints point by point. Mr. Horowitz conceded that a lot of the issues where known complaints about MongoDB, but also highlighted the fact that many details from the post didn’t match up to any of what 10Gen offered or any of their customer records.

In fact, deep in the comments on the Hacker News post, the “originator” of the pastebin post appeared to claim he was just a troll testing the masses to see who were sheep. Read More

10Gen CEO Dwight Merriman Still Writes His Own Code

Image via Business Insider

It’s easy to stop sweating the small stuff once you get to the top. As a recent New York magazine article pointed out, Mark Zuckerberg used to be a coding machine. These days, not so much:

But, as the Groups team was adding the finishing touches to its product, Zuckerberg said he wanted to write a few lines. “Everybody was like, Ohhhh, Zuck’s gonna write code,” says Feross. Someone set up an easy bug for him to fix—adding a link to a picture, or something—and he went to work. Five minutes passed. Twenty minutes. An hour. “It took him like two hours to do something that would take one of us who’s an engineer like five minutes.”

Dwight Merriman, one of the original founders of DoubleClick, was that company’s CTO for a decade, helping to create the DART ad serving technology which currently powers Google’s profits. Now he is founder and CEO of 10Gen, one of the leading developers and service providers for the MongoDB database language.

Betabeat was chatting recently with a 10Gen engineer who was impressed by how closely Mr. Merriman worked with the staff. “Dwight is drinking beer with us and writing great code.” Read More