Thread by @rhemrajani9

❄️☁️📊$SNOW – the name was derived by the founders because “snowflakes are born in the clouds” → ex oracle employees looking to create the ‘Data cloud’

💡They looked to create a centralized, easy to use, fast data warehousing platform for your company’s data savy employees to access, query, analyze and utilize data to enable better data drive decision making

🔢🛒 As the company evolves, its looking to expand on different arms of it business – data marketplace an exchange to buy and sell data that may be useful for your company. A perfect example comes to us through the pandemic (snowflake.com/datasets/stars…) ..

Cont'd - analytical data to find ways to reduce the spread of covid. They are working on enhancing this part of their business too which they recently added Snowpak engineering tool to better support unstructured data.

🔗Its also interesting to note their acquisition of Numeracy snowflake.com/blog/numeracy-…

As they grow, they can find ways to provide customers ways to gather Business intel by building and investing into their own UI

🫂Some reasons its loved by its customers: its priced as a usage based, easy to use, superior speed, integrates easily across other applications, and is simplified platform making it easier to leverage across your organization.

💲As of 1/31/21 they have 77 customers paying over $1m which is 88 % YoY growth along with a 168% net revenue run rate.

Data engineers + Data scientists are 2 of the fastest growing fields in the market + data is growing exponentially + digital acceleration really positions snowflake with an opportunity to continue to scale and be a leader.

🔉Recent interview with their ceo Frank Slootman podcasts.apple.com/us/podcast/the… importance of the 'data cloud' , and how data relationships, accessibility, and breaking silos in data decisions can CREATE impact in the future

Intentionally didn't bring up more into their #s, because even (@altcap 💯) has mentioned this isn't a cheap company by any measures, but when you think about the future of training machines, data models autonomous driving, healthcare informatics..

IoT, 5g, cloud migrations expedited, etc - the power of data is infinite and $SNOW is creating a one stop shop for all your data needs to empower and enable you to use data in the most effective way possible

Took a starter position on Friday, and will add on dips. Its been consolidating for 75+ days now, and idc if it does for another 750 days. This is a stock you DCA into and let the story unfold. Not a trade, this is an investment into the future of data 🖥️📈

$SNOW tagging some other ❄️ enthusiasts : @IshanPuri2 @MarlonPieris @GetBenchmarkCo @hhhypergrowth @BackpackerFI #data #analytics #cloud #computing