Databricks
Notes: Snowflake - Open Storage Competition (Pt.1)
Summary
* Fully embracing Iceberg will likely be a net positive for Snowflake, but with a number of caveats.
* The Tabular acquisition highlights the weaknesses and past missteps of Databricks. Integration will be a big challenge.
* The future of Iceberg remains uncertain, but with broad ecosystem adoption it is unlikely that
Updates: SNOW 4Q24 - Leadership Change, Competition, GTM, AI Talent War (Pt.2)
Summary
* In Part 2 we dive into SNOW's products, both its core CDW and its new products related to handling unstructured data and AI/ML workloads.
* Before the latest ER shock, SNOW was perfectly priced as investors fully believed in the $10bn revenue by FY29 story.
* Now that
Updates: SNOW 4Q24 - Leadership Change, Competition, GTM, AI Talent War (Pt.1)
Themes: Open-Core And Long-Term Alpha (Pt.3)
Summary
* As the open-core business model is proving successful, we are seeing next-gen startups emerge at rapid rates and public open-core names experience a slower growth decay.
* In Part 2, we looked at major names that are public or have been taken private, such as MongoDB, Cloudera
Themes: Modern Data Stack
This is a free post that has also been shared on Substack. It is a high-level overview of the Modern Data Stack. For more detailed insights please search for our reports related to Snowflake.
Summary
We discuss the journey toward the Modern Data Stack, what it consists of, key
Snowflake - Apple Of MDS - Part 2
Summary
* SNOW's lead on the computer engine side is still there, but not guaranteed as others are catching up fairly quickly.
* SNOW's proprietary storage format plus native support for Iceberg is a strong strategy against Databricks and many other players.
* SNOW's moat and business