9 Comments
Jun 14, 2022Liked by Young Money Capital

More of a big picture question, but is cloud storage predicted to just endlessly grow? In other words, will there ever be an alternative that is as cheap and effective as cloud storage?

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Jun 9, 2022Liked by Young Money Capital

Hey, liked the article but I have some thoughts:

What do you mean when you say Snowflake can connect to Oracle or GCP/AWS/Azure sources? As far as I know, there's no real external/federated query capabilities on Snowflake. If you were trying to read directly out of an Oracle DB on prem / a CloudSQL GCP MySQL instance / an RDS AWS Postgres instance, you'd have to replicate the data into Snowflake using some process (script, Snowpipe, 3rd party ETL tool, etc.)

You mentioned in the article that the three majors only can read on-prem data + whatever's in their cloud - I don't think that's really true. BigQuery Omni can read across all three major cloud object storage platforms (https://cloud.google.com/blog/products/data-analytics/analyze-data-across-clouds-with-bigquery-omni), and while I don't have experience with it, it looks like Athena has multi-cloud capabilities on the AWS side, too.

Finally, I'd just mention that as of right now (6/8/22), Python Snowpark is in private preview, AKA not generally available. Hopefully that changes soon, but as of right now I think most customers either don't have access, or would be skeptical to build production workflows on a product which is essentially in beta.

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Jun 8, 2022·edited Jun 8, 2022Liked by Young Money Capital

Hey man, liked you writeup but this seems wrong "Stock-based compensation is adjusted out of the operating income. While it is a real expense, it is already factored into the diluted shares outstanding projections in the final table." In my view, SBC = pay cash to employee + finance the cash with equity issuance. So taking the expense to P&L and dilute the shares isn't double counting

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Jun 8, 2022Liked by Young Money Capital

Fascinating points regarding the stickiness of the Snowflake products.

Something of interest, I wasn't aware that competing AWS and Azure products would only interface with on premise data sources. I haven't dove deep into these limitations as provided by AWS and Azure, but at the same time, my light initial research has led me to believe that data could be moved from on premise environments into AWS and Azure products for the purpose of being consumed by Redshift or Synapse. I would image you are quite busy, but it would be pretty awesome if you could expound on that particular limitation of Redshift and Synapse as it pertains to these products being behind Snowflake in this regard.

Great article!

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Jun 6, 2022Liked by Young Money Capital

I liked your statistics "% of customers using data sharing." That is a good metric. Also compelling that you have have first hand experience with a data migration to Snowflake! 👍

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