Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Greylock Partners Names Dev Ittycheria as Partner

Greylock Partners today named Dev Ittycheria, the former CEO of BladeLogic and a former president at BMC, as its latest venture partner. He’ll be focusing on enterprise and cloud-related investments.

Ittycheria ran BladeLogic from its founding through its IPO and eventual sale to BMC in 2008 for $900 million, after which be became president at BMC. There, he led the $1.4 billion enterprise service business.

Before that, he ran a cloud services company, before such a thing was even called cloud services: Applica was what was then called an Application Service Provider, and it eventually merged with Breakaway Solutions, which went public in the late 1990s. He also sits on the boards of Bazaarvoice, AthenaHealth and AppDynamics, where Greylock was an early investor.

“The enterprise is back,” is what Ittycheria told me during a short interview on Friday. “For the last few years, all the noise has been on the consumer side. I believe that a lot of new disruptive technologies are innovating how large organizations procure and manage their IT infrastructure.”

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work