Datadog has done an incredible job layering on additional products past their initial "wedge" to become a true platform - and they gave us some data on this today. As the market puts a greater emphasis on bundled platforms today vs point solutions, they appear to be an incremental winner of market share.
Creating a successful second product line (let alone 3, 4, 5, etc) is really hard. As an investor I try and find companies and products with what I call "strategic real estate." That is - a company who's initial wedge (product) is large enough to create a big outcome, but also strategic enough to build a platform around (ie layer on products 2, 3, 4, etc). This creates a call option. The reality is, most companies don't have enough strategic real estate in their initial wedge to ever become a platform. Few companies have the right to become a platform, and an even smaller number successfully exercise that right and build a successful product 2, 3, 4
Datadog's initial wedge was infrastructure monitoring. Today they disclosed that product line is >$1B ARR!
They also disclosed their application performance monitoring (APM) product is >$500m ARR!
And to top it off, they disclosed their log management product is >$500m ARR!
Product 2 and 3 for Datadog are already >$500m ARR. The vast vast majority of software companies never come close to this scale, and Datadog has now done it multiple times with 3 different products.
Datadog is one of the preeminent examples of a) nailing an initial wedge and then b) layering on additional products to create a true platform
Please take this survey! As co-chair of @openuicg and working at @SalesforceDevs on LWC which is built on standards it's important to influence the direction of the web and I know browsers and standards bodies will be looking at the results!
#salesforce#experiencecloud Summer '23 Release Readiness Live is coming up on May 25, where I'll be covering the latest GraphQL, performance, and scale enhancements for Composable Experiences.
Calendar invite https://t.co/XV79fJuStE
Catch the replay at https://t.co/ZUFKOqiDzR
The frustrating part of being a startup product manager joining big tech isn’t the over-the-top bureaucracy or red tape, but the realization that you won’t have the time to fulfill your curiosity of how all those processes came to be
Alrite, let’s do this #TDX22 ! Come chat React and APIs at the @CommerceCloud booth all morning, or join me at 3pm at the Pine theatre to help ship a React storefront to production
Calling all developers in the Salesforce ecosystem: share your insights to shape the tools, resources, assets and materials that the Salesforce Developer Relations team builds to help make you successful. #SFDevSurvey https://t.co/co9YpBNoQk
With the release of @CommerceCloud PWA Kit, we decided to open-source our new headless storefront, which is based on the wonderful work of the @reactjs and @chakra_ui communities.
More details on our developer blog: https://t.co/SmdPHKeWZi
The culmination of many months of work launches today! Very proud of our teams for pushing this forward, while learning how to be part of a new company and adjusting to remote-first
I get asked all the time if API or Platform teams need UX. UX stands for user experience, not user interface design.
I've been doing a lot of coding lately to integrate the different tools that I use, and I can assure you, your API teams needs UX.
The optimist in me hopes seeing Apple leverage the web to extend to other platforms with FaceTime is a sign that they’ll fully support the same. But I’m not gonna hold my breath. https://t.co/1Z5vqHhKNT
The only way to defeat the #COVID19 pandemic is by making sure everyone, everywhere is vaccinated. To do this, Salesforce is calling on YOU to #GoGiveOne today → https://t.co/ecmZyxZhfD