Snowflake?
Can someone explain how Snowflake is different than any cloud provider? Genuinely curious, as I can’t seem to get a good answer anywhere #engineering #software #ipo
AWS is a proper cloud provider, Snowflake is not. They just provide data warehousing as a service. Period!
So, They might even use AWS infrastructure?
They do for fact use AWS infrastructure, Snowflake is built on top of S3 IIRC.
I just watch a snowflake demo and I have a hard time finding the values they are providing to their customers ....
Their employees are now millionaire, whatever they are doing must be good. Before their ipo news, I never heard about them.
Wait 6 months until their lockup period expires.
Why? It will cross 600 by then?
Here you go kids: https://www.stitchdata.com/resources/snowflake-vs-redshift/
Snowflake has done a good job selling data warehousing solutions to non-FAANG tech and Fortune 500 companies. They are also attractive to companies who like most of their workloads on-prem, but want to keep their Data Analytics in-cloud.
Never heard of anyone using them tbh. Maybe only in Bay Area.
Bay Area is where the trend is set 😉
Their employees not millionaires yet. They can’t sell today. Atleast 3 months I believe. It might end up like Uber
It probably won't end up like Uber because people can't just uninstall snowflake like they can with Uber or Facebook. It takes years to migrate off and in that time, they can find another team within the company to close a deal.
Not really, companies move from one cloud provider to another factoring in long term benefits and savings. So it definitely is doable. Same was said for cloudera and other big data solutions. Lastly their customer base is not huge and revenue no way comparable to Uber.
Snowflake was built natively in the cloud, and they have separated storage from compute, and also separated compute from compute. Their compute also scales automatically, and there is very little warehouse management or manual controls for cluster sizing. Since they run on all 3 clouds, they are also the only data warehouse that enables data sharing between all 3 - GCP, Azure, and AWS. Lastly, they are a utility company where you pay for only what you use, rather than an annual subscription or contract. This increases their total addressable market because smaller companies can also afford snowflake.
Great summary of what snowflake does! Thanks. I am curious why a company who uses aws, azure or Gcp will use snowflake. If I am already using aws, I would as well use their warehousing solution as well
Redshift isn’t that good
And Salesforce has been long time investor in Snowflake. As far as I know there are no other similar cloud DW service provider.
https://www.youtube.com/watch?v=xojAXXRo_S0 Import a csv file Run a SQL query over it That will be 60 billion dollars please.
go to united book plane tickets give me whatever booking.com market cap is please
B.com is worth 70 billion, with a profit margin of 20% and revenue of ~10 billion. Snowflake on the other is worth 60 billion, has no profits and revenue of ~300 million. Don't think it's comparable.
All their employees are millionaires. While AWS people still waiting at 🍌 stand. 😭
There's always money in the banana stand, Michael!
Hahahaha