$800M feels rich though. Is it validated or just speculation by TechCrunch?
it would be in the ballpark of $12M/head. Really rich.
Snowflake acquires Streamlit for $800M to help customers build data-based apps
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Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#22$800M feels rich though. Is it validated or just speculation by TechCrunch?
$800mm was confirmed on the SNOW earnings call. 80% stock, 20% cash.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#23This seems like a lot of money? I like Streamlit fine but I don't see $800m of value in it or even its potential.
What am I missing?
On the other hand, definitely encouraging me to go start a side hustle building some ML-tinged BI app on top of Dremio or Fugue or Materialized or Datadog or some other contender for data platform du jour and just hunt down Fortune 500 users to give it away to in exchange for (9 figure!) clout.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#24I'm really unclear on snowflake's valuation along with similar companies in the cloud data space. Why are these companies worth 100x revenue?
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#25Slightly off-topic but I wish there was a better term than "data" to describe these types of systems.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#26I'm really unclear on snowflake's valuation along with similar companies in the cloud data space. Why are these companies worth 100x revenue?
Snowflake is basically GCP BigQuery or AWS Athena, but they charge $40/TB of (highly compressed) storage and have a decent margin on compute too. It's also completely proprietary, so you're not exiting their platform anytime soon. The other big player in this space is DataBricks, which is a reasonable product, but their pricing is based on both instance type and volume of data consumed by a query, which can get pretty insane quickly when dealing with large amounts. Again, they rely on lock-in to a significant extent.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#27I'm really unclear on snowflake's valuation along with similar companies in the cloud data space. Why are these companies worth 100x revenue?
Strong beliefs from investors. I don't think there is much rationality at play here.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#28This seems like a lot of money? I like Streamlit fine but I don't see $800m of value in it or even its potential. What am I missing? On the other hand, definitely encouraging me to go start a side hustle building some ML-tinged BI app on top of Dremio or Fugue or Materialized or Datadog or some other contender for data platform du jour and just hunt down Fortune 500 users to give it away to in exchange for (9 figure!…
let me know too.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#29I'm really unclear on snowflake's valuation along with similar companies in the cloud data space. Why are these companies worth 100x revenue?
They are doubling revenue every X months (currently about 12). And it's a big market and getting bigger, so they might be able to keep X pretty low for a pretty long time. They are adding customers + adding revenue at existing customers. Double revenue every 12 months and you get to 32x in 5 years. And it's pretty sticky.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#30This seems like a lot of money? I like Streamlit fine but I don't see $800m of value in it or even its potential. What am I missing? On the other hand, definitely encouraging me to go start a side hustle building some ML-tinged BI app on top of Dremio or Fugue or Materialized or Datadog or some other contender for data platform du jour and just hunt down Fortune 500 users to give it away to in exchange for (9 figure!…
Right, Streamlit is decent but the price tag is a headscratcher. It's not as if there aren't plenty of other mature Python dashboarding solutions.
https://medium.datadriveninvestor.com/streamlit-vs-dash-vs-v...