# Why is Snowflake so Valuable?

<https://www.freshpaint.io/blog/why-is-snowflake-so-valuable>

- Host: [freshpaint.io](https://links.thingelstad.xyz/hosts/freshpaint.io/)
- Saved: October 6, 2020 (2020-10-07T02:36:30Z)
- Record: https://links.thingelstad.xyz/links/493c77cac4ed/
- JSON: https://links.thingelstad.xyz/links/493c77cac4ed.json

## What Jamie wrote

Snowflake's IPO made a lot of headlines. This article attempts to explain some of the thought behind it’s market cap of $60 billion. 

- 121% year over year growth
- net retention rate is 158%
- What is Snowflake's NPS score? It’s 71
- Average contract value (ACV) $165k a year
- 56 customers that pay them over $1M a year
- Gross profit of 62%

"Compared to similar software businesses, Snowflake has god-like metrics." Those are very impressive indeed. 💪💰

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT160: Weekly Thing #160 / Unlived Life, Disinformation, Snowflake ❄️](https://weekly.thingelstad.com/archive/160/), Recommended Links

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## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://www.freshpaint.io/blog/why-is-snowflake-so-valuable