Snowflake

“The whole Frank Slootman thing last week where he puts out a pretty Mild statement about supporting diversity, but not to the point where it's, it jeopardizes merit. You know, there was a giant uproar over that. He has to walk it back and issue an apology.”

“Over the past two years, they've had DoorDash, Airbnb, Snowflake, Unity, all these incredible companies worth over three hundred billion dollars combined.”

“Snowflake this year will grow its free cash flow at over a hundred percent a year. Next year, probably, you know, 80 or 90%. Free cash flow. Not just revenue. Free cash flow.”

“What are the two technology companies Buffett bought in the public markets? Apple. Apple and Snowflake.”

“Well, I would put snowflake in the list of these must own high growth software businesses, right? You know, the fangs tend to be in the must own category.”

“Just take Snowflake as an example. The move from 400 to 200 Was probably just what I would describe as normalization in a world where rates were going back to two and a half or three percent, right?”

“There were 600 applications. So new startups that applied for their startup contest. They were each using an application of chat GPT built on top of Snowflake data. 600 new companies.”

“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 y…”

“Except Nvidia. Which is the most unbelievably accretive, well-run company, highest margins, you know, making two hundred billion dollars. And they're treating it like they're treating ServiceNow and Snowflake.”