In 2022, Palihapitiya called Snowflake a "must own" business; in 2025, he argued its consumption-based pricing model destroys businesses in the long term.
THEN · Mar 26, 2022
0:00 / 0:09exact quote · 9.7s
NOW · Jun 21, 2025
0:00 / 0:19exact quote · 20.0s
“Well, I would put snowflake in the list of these must own, um, high growth software businesses, right? You know, the fangs tend to be in the must own category.”
“consumption-based pricing. It doesn't work, and what I mean is, you can have some adoption in the short term. The best example is Snowflake, but in the long term, it destroys your business, and the reason is because you don't know which data is valuable, and you're not going to put up with a variable business model That increases more and more costs because you need to trap everything.”