Bad configuration: confd.conf:0: Cannot access directory ./confd-cdb, defined for /confdConfig/cdb/dbDir

I am trying to start confd through a make file and I see this error; Does anyone has any idea?

[srinadhp@cndev2 yang]$ make start

Killing any confd daemon and ARP confd agents

…/confd-6.4.1/bin/confd --stop || true
connection refused (stop)
…/confd-6.4.1/bin/confd -c confd.conf --addloadpath …/confd-6.4.1/etc/confd
Bad configuration: confd.conf:0: Cannot access directory ./confd-cdb, defined for /confdConfig/cdb/dbDir
Daemon died status=21
make: *** [start] Error 21
[srinadhp@cndev2 yang]$

Try make all first.