It'd be nice if someone on the Snowflake team actually maintained their JS adapter... (https://github.com/snowflakedb/snowflake-connector-nodejs/pu...)
Snowflake acquires Streamlit for $800M to help customers build data-based apps
31–40 of 45 posts
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#32Has anyone compared Streamlit and Anvil, http://anvil.works?
They look similar from the preview.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#33I'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 prett…
Snowflake employee here, speaking on my own behalf.
It's no harder to get out of Snowflake than it is to get out of any other SQL based RDBMS. If we were relying on the fact that we manage the files in S3 instead of the customer to keep our customers on board, we wouldn't have a business.
I will grant that there's non-ANSI features in Snowflake that our competition don't offer, but it would be weird to describe "have awesome features" as being lock-in.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#34This 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!…
It’s probably not much cash and mostly using equity that’s locked up for multiple years since snowflake is public.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#35I wonder what Plotly's valuation is. Surely more than Streamlit and they have only raised <$19 million.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#36This 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...
It's par for the course of snowflake really not understanding data visualization or how their end users need a UI to be (no find replace still for example!)
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#37Earlier quoted context omitted.
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...
It's par for the course of snowflake really not understanding data visualization or how their end users need a UI to be (no find replace still for example!)
On a more serious note though, my hunch is it's about the trajectory
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#38I've been using Streamlit for roughly half a year to build various dashboards and GUIs for custom analysis scripts and I am honestly neither surprised that they were acquired nor by the price tag.
Our data is quite complicated and needs a lot of custom code & filtering. Even relatively simple analytical questions need some custom code, if people don't want to do almost everything manually (i.e.: Origin, Export to Excel, crop and move around data...).
Over the years I built up libraries and functions for some of these tasks and with Streamlit I can just slap a sufficiently nice interactive GUI on top in 1-2 hours and iterate the analysis live during a call (give them the URL and ask what additional filters, visualizations they would need, adapt the code in the background and they see the results instantly).
Overall, congratulations - well earned. Also, I considered applying for a position there and regret not doing so.
Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps
#39I'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.
From last nights call:
For the full fiscal 2023, we expect product revenue between $1.88 billion and $1.9 billion, representing year-over-year growth between 65% and 67%.
So growth slowing from 100% yoy, hence shares -20% pre market