The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Chamath: Consumption-based pricing models destroy software businesses in the long term
“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…”
Chamath: Nvidia is unbelievably accretive despite being mispriced like SaaS
“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.”
Gerstner: Snowflake will grow free cash flow over 100% in 2022
“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.”
Chamath: Snowflake belongs in the "must-own" category alongside FAANG stocks
“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.”
Sacks: Frank Slootman issued apology following uproar over diversity comments
“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.”
Gerstner: Snowflake's drop to $200 was a normal market readjustment
“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?”
Gerstner: Warren Buffett has only bought two tech stocks: Apple and Snowflake
“What are the two technology companies Buffett bought in the public markets? Apple. Apple and Snowflake.”