Ulrike Hoffmann-Burchardi Long MongoDB: Capitalize For Kids Conference 2018

We're posting up notes from the Capitalize For Kids 2018 investment conference.  Next up is Ulrike Hoffmann-Burchardi of Tudor Investment Corp who pitched a long of MongoDB (MDB).


Ulrike Hoffmann-Burchardi's Capitalize For Kids Presentation: Long MongoDB

MongoDB
o    Yottabytes

•    Digitization is the megatrend —> conversion of information into data
•    Identified drivers
o    Devices
o    # of sensors / devices
o    Connections between sensors and Devices
•    She has a chart of # of yottabytes generated annually
o    Conservative estimate of their estimate - 2028 1 yottabyte a year in data
o    Mostly unstructured data
•    Have to be able to derive insights from the data
•    Businesses are truly aware of the opportunity
o    And counted the number of times data and ML/AI are mentioned
o    Data being mentioned frequently and growingo    AI less frequently, but growing fast too
o    Google mentions AI/ML 50% more than the #2. On average every 6 minutes

•    2 types of biz (using a Gold Rush analogy)
o    Data science enhances core biz 
The Miners:    GOOGL, AMZN, TWTR
o    Core biz data analysis tool –
The Merchants (selling pickaxes):    NVDA, IBM, AMD
•    What is a better bet? Miners or merchants.  Merchants outperform everyone else 225% vs 103% miners

•    Which companies help derive insights from data?
•    Stack
o    Storage
o    Extraction
o    Data warehouse
o    Analytics

•    MongoDB hits the full stack
•    Contrasts relational to MongoDB
o    Relational 1979 - rows and columns. Structured data, and on premise
o    MongoDB 2009 - All data, Petabytes scaling easy, in the cloud
•    3 Criteriao    Market
•    $68bn by 2025 - $28bn is unstructured data
o    Leadership
•    MongoDB is the leader in non-relational DB, with 40% share, and not tied to a given vendor
•    Star ratings on Github repos, and Mongo DBs are killing it. Much more than any other solution out thereo    Execution
•    CEO and CTO are studs
•    CEO - Dev Ittycheria - Entrepreneur BladeLogic, BMC, and then invested at Greylock
•    He made a big bet on the cloud that paid off
•    Professionalized the GTM and has done very well
•    CTO Brain of MongoDB
•    Brings them to feature parity with relational DBs + their benefits on top
•    $8bn+ revenue annually in 2025 at 20% op margins then. Still 10xer over that period.
•    $120 NTM price target, 40% growing over the NTM


Be sure to check out the rest of the presentations from Capitalize For Kids 2018. 

Whale Rock Capital Adds To MongoDB Stake

Alex Sacerdote's hedge fund firm Whale Rock Capital has filed a 13G with the SEC regarding its stake in MongoDB (MDB).  Per the filing, Whale Rock now owns 16.05% of the company with over 3.83 million shares. 

This is way up from the 556,862 shares they owned at the end of the first quarter. 

They originally disclosed the increased position in a separate 13G filing due to activity in late April, showing a 5.83% ownership stake. The most recent filing was made due to activity on May 24th, showing they've further upped their stake to now 16.05% of the company.

Per Yahoo Finance, MongoDB "operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services, such as consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013"