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Snowflake acquires Streamlit for $800M to help customers build data-based apps

techcrunch.com

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Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps

#41

Post by blitzar »

kthejoker2 wrote: post #23

This 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!…

There are two numbers - a) what is it worth, b) if Snowflake own it what is it worth to their shareholders.

Probably worth ~100mil (idk?) - however, probably adds a billion to snowflakes market cap, hence the pricetag.

Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps

#42

Post by d4rkp4ttern »

skadamat wrote: post #6
notacanofsoda wrote: post #2

Is this strange to anyone else? Streamlit and Snowflake occupy fairly different niches.

I'm knee deep in the data tooling space myself and it's quirky at first but not too surprising. This resembles the Google Cloud acquisition of Kaggle, or Microsoft's acquisition of Github. For better or for worse, these larger players / platforms are buying a large community around the hip tool. Snowflake wants to be a giant data platform company, not just "another data warehouse".

I think it’s more analogous to google cloud acquisition of Looker, rebranded as Google Data Studio

Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps

#43

Post by danielmarkbruce »

blitzar wrote: post #39
danielmarkbruce wrote: post #29

Earlier quoted context omitted.

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

Yup, it's interesting stuff. The efficiency claims (ie for customers) seems believable (like maybe 70% true?) so it will be interesting to see where those growth numbers go from here... up/down/sideways, it all seems very possible

Re: Snowflake acquires Streamlit for $800M to help customers build data-based apps

#44

Post by sarma912 »

skadamat wrote: post #6
notacanofsoda wrote: post #2

Is this strange to anyone else? Streamlit and Snowflake occupy fairly different niches.

I'm knee deep in the data tooling space myself and it's quirky at first but not too surprising. This resembles the Google Cloud acquisition of Kaggle, or Microsoft's acquisition of Github. For better or for worse, these larger players / platforms are buying a large community around the hip tool. Snowflake wants to be a giant data platform company, not just "another data warehouse".

Would love to chat about data tooling!
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