- VARUN MEHTA NIMBLE STORAGE FULL
- VARUN MEHTA NIMBLE STORAGE SOFTWARE
- VARUN MEHTA NIMBLE STORAGE SERIES
Suresh had a spectacular career at NetApp and understood the nuances of the opportunity.Īs CEO, he spearheaded the company’s go-to-market plans. That was due in part to another great decision the pair made: partnering with Suresh Vasudevan, who became the company’s CEO. In fact, demand was so strong that they exceeded that in a single quarter.
VARUN MEHTA NIMBLE STORAGE SERIES
When Nimble went to raise its Series C round of funding, Varun and Umesh forecasted about $6 million in bookings for all of 2011. After two and a half years of development, they’d achieved the impossible sounding 10x improvements at a competitive price.
VARUN MEHTA NIMBLE STORAGE SOFTWARE
They combined primary storage and backup in one architecture and developed new file-system software to manage it all. They took advantage of flash in the areas it was best, but also used standard disk drives where it made sense. They drew on all of that experience to build Nimble’s system. He has a PhD from MIT and won a gold medal in CS at IIT Delhi. He architected key parts of Data Domain’s file system. Varun was VP of engineering at Data Domain. The original Nimble Storage team in 2008 Varun, Jim and Umesh present day He answered us at every turn and never wavered that the pivot was the right thing to do, which after endless hours of debate won us over. Our co-investors from Accel and Lightspeed joined us in pressure testing the plan-we pressed him hard. But there was nothing funny about his recommendation-it was a huge risk. He’s a calm, deliberate man with a youthful demeanor and a wry sense of humor. We’ve known Varun since he was an early engineer at NetApp and worked closely with him during the months that Nimble incubated here at Sequoia. But they also knew that they wouldn’t be able to support the cacher and still have the resources to develop a next generation primary-storage system. Varun and Umesh were willing to bet the company they could pull it off. The answer: a daunting 10x performance improvement for little additional cost.
Varun and Umesh, along with their first marketing execs Dan Leary and Ajay Singh, talked to about 100 prospects to find out what would convince them to buy primary storage from an upstart. The fundamental go-to-market dynamic remained, however. Nimble saw a chance to target mainstream businesses, but thought the window wouldn’t stay open long. Because flash is more expensive, established storage companies treated it as an option for the high end of the market. Flash drives are a lot faster than traditional disk drives and provide businesses speedier access to their data. Every new entrant that’s broken through has first succeeded in an ancillary market.įrom a technology standpoint, however, Nimble’s plan had merit. Data storage is such a mission-critical function for most businesses-and EMC and NetApp are so well entrenched-that customers just don’t buy from startups.
VARUN MEHTA NIMBLE STORAGE FULL
The venture graveyard is full of startups that have taken on the primary-storage market. Instead, they proposed building a primary-storage system that incorporated flash, a much bigger opportunity, but a far riskier one. Shockingly, Varun and Umesh wanted to kill it. Beta customers loved the cacher and it looked like a hit. Nimble Storage, the company he started 18 months earlier with Umesh Maheshwari, was testing its product, a flash-based caching appliance, or “cacher,” that sat on top of existing storage systems and dramatically improved I/O performance. These disclosures include proposed compensation for directors and the top five executives, potential conflicts of interest, potential new board members, and any other issues that the shareholders will vote on during the meeting.In July 2009, Varun Mehta-a first-time founder-was driving toward a courageous decision: giving up a sure success for a long shot at disrupting a major category. To benchmark total compensation for executives, we recommend subscribing to ERI’s Assessor Platform. ERI’s database has data from proxy statements going back to the year 2000 to help compensation professionals price executive compensation packages. ERI gathers data from these proxy statements, as well as from salary surveys, and displays the executive compensation data for the latest year on executive data pages, like this one. The Summary Compensation table displayed in proxy statements includes data for Salary, Bonus, Stock Awards, Option Awards, Non-equity Incentive Plan Compensation, Pension and Nonqualified Deferred Compensation (NQDC) Earnings, All Other Compensation, and Total Compensation for the top five named executive officers (NEOs) in an organization.
Disclosures are a great way to find executive compensation for publicly traded companies.
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