Why is Snowflake so Valuable?
www.freshpaint.io/blog/why-is-snowflake-so-valuable
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. 💪💰
Saved the same week · 24 links that week
- Intentional days with Sunsama
- How to Protect Yourself from the Aerosol Spread of Covid-19
- Mail-In Voter Fraud: Anatomy of a Disinformation Campaign | Berkman Klein Center
- Being Smart is Not Enough
- Google is giving $1 billion to news publishers — to help convince governments not to take a whole lot more than that » Nieman Journalism Lab