3 ms·

Snowflake more than doubles in market debut, largest ever software IPO

• kwillets 6y ago
  The question is why. It doesn't seem to have anything to offer in performance or price/performance vs. even mediocre products such as Redshift. Am I missing something?
  • nserrino 6y ago
    Have you used both? I used to use Snowflake at a former company. Snowflake has top class support for semi-structured data, for example. I found it really easy to use and highly flexible/featured compared to Redshift.
    • kwillets 6y ago
      No, I haven't. I mainly work with Vertica and did some troubleshooting on a Redshift cluster. I've mainly read comparisons of performance and price/perf vs. those platforms. Reading through their docs their semi-structured data support is similar to Vertica's flex tables. It's a handy feature, but not critical IME.
  • satya71 6y ago
    Probably a combination of low float and Warren Buffet followers buy a lot of the stock.
  • kwillets 6y ago
    Followup: I dug up some benchmarks. Probably the best quote: "The unnamed data cloud platform consistently had the highest price-performance4, across a range of 11.5x to 13.1x". https://www.vertica.com/resource/cloud-database-performance-benchmark-vertica-in-eon-mode-amazon-redshift-and-unnamed-cloud-data-platform/ https://www.vertica.com/resource/cloud-database-performance-... This was on the Berkeley AMPLab benchmark, and the link I followed mentions Snowflake -- there's apparently a bit of winking and nodding going on here about the "unnamed" data platform. Basic query latency was also considerably longer for SF.
  • D2187645 6y ago
    Its has a slick ui like lemonade.
• erentz 6y ago
  Currently the price/sales ratio is at 170.