E09: The Origin Story of Datadog w/ Alexis Le-Quoc
Feb 24, 2023
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Alexis Le-Quoc, co-founder and CTO of Datadog, shares his entrepreneurial journey and insights on the tech landscape. He reflects on the early days of Datadog, discussing the unique challenges of raising capital in NYC and the pivotal moments in product development. Alexis emphasizes the importance of persistence and customer feedback for engineer-founders, exploring how to balance user needs in tech. He also delves into his angel investing experiences, highlighting the qualities he values in aspiring founders.
Alexis Le-Quoc highlights the importance of adaptability in product development, emphasizing user feedback to refine Datadog's offering beyond initial assumptions.
He advocates for aspiring founders to blend skill acquisition with humility and resilience, learning from customer critiques to navigate challenges effectively.
Deep dives
The Journey to Founding Datadog
The inception of Datadog can be traced back to 2006 when co-founder Alexei LeQuocq began to envision starting a company with his long-time collaborator. Drawn by layers of experience and emerging industry trends, they embarked on a journey that involved trial and error, eventually leading to the foundational idea behind Datadog in 2009. This period was marked by a struggle for funding as the tech landscape in New York City was more favorable towards mobile and consumer products than enterprise solutions. Alexei emphasizes that the need for self-sufficiency and product development during their lengthy fundraising process ultimately became a blessing, honing their product-building acumen and fostering discipline that resonates within the company today.
Product Evolution and Customer Feedback
The early product development of Datadog was characterized by a blend of idealism and pragmatism, with Alexei recalling how their initial ideas soon had to adapt to real-world feedback. Their reluctance to align strictly with the term 'monitoring' arose from fears of being overshadowed by established enterprise-level players, which led to an iterative approach that prioritized user needs. By engaging directly with prospects and learning about their actual requirements, Alexei and his co-founder were able to refine their offering beyond mere analytics, incorporating basic functionalities like infrastructure visibility that initial assumptions had deemed uninteresting. This engaged listening has continued to guide Datadog’s development strategy, ensuring they cater to a diverse user base while avoiding overcomplicating their product.
Key Lessons for Aspiring Founders
In sharing insights from his experience, Alexei highlights the importance of a balanced perspective for aspiring founders, advocating for a combination of acquired skills, personal maturity, and a willingness to learn. He reflects on his own journey, emphasizing that while conviction is essential in navigating early challenges, humility and openness to feedback are equally crucial. Engaging with customers, even when faced with criticism, can yield transformative insights, as dissatisfied voices often indicate a genuine investment in the product. Alexei also notes the value of mentorship and ongoing education in fostering resilience, as founders encounter unanticipated challenges unique to their venture.
Alexis is the co-founder and CTO of Datadog, which was founded in NYC in 2010. He shares with the Pete the origin story of the company, how & why raising capital was very different in that period, and their thought process as engineer-founders in arriving at the right product to build for their customers. We also chat a bit with Alexis about his angel investing activity and what types of founder characteristics he looks for in an ideal angel investment.
Highlights: [2:10] - Alexis nurturing his earliest startup ideas alongside his day job [4:50] - Datadog’s early funding experience in NYC, and their 20k “pre-seed” round [9:45] - How did they discover the right product to build? [15:15] - How should engineer-founders think about the skills they need to start a company? [19:00] - what Alexis looks for in founders from an angel investing perspective
👉 👉 Don't forget to join us at Data Council - where hundreds of data geeks, founders & investors join each other in building the future of data.
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