Subject: Re: SNOW - hold forever?
Been a while since we discussed SNOW here.

I purchased SNOW 1+ year ago. Still down a bit on my investment. I use parts of their product a few hours each workday (I write SQL code), on average. I work for a large financial services company who is a couple years into a migration to Snowflake, with data stored on AWS "behind the scenes".

My thoughts for the purchase:
* They have had high customer satisfaction ratings. I haven't had conversations outside of my small team (about 10 people), but we're happy with it.
* The migration is a long, tedious, and not inexpensive process. We still have data "on prem" that will eventually be migrated to Snowflake. We probably have a couple more years before we are fully migrated. So I can't see us migrating willy-nilly every few years. That makes me think SF has a "sticky" platform, and once they mature out of their "growth stage", they'll have a lot of pricing leverage.
* About the growth stage, I would think that could last a looong time. Every company of any size has wads of data that they are storing hoping to one day figure out a use for. Dunkin' Donuts is hiring data analysts. I interviewed w/ a small start-up to run their analytics team. Everyone has data, and I suspect SF ends up with a significant portion of it.

I'm not skilled at valuing companies, but my thoughts are that ORCL is a $300bil company, and SF is $50bil. I've used both and I like SF better. I could see SF being as large as ORCL is now. If SF reaches $300bil in 15 years then it would return over 12%/yr. 10 years would be nearly 20%/yr.

Am I crazy?

John