Snowflake (SNOW) - Get Report became the biggest software IPO ever when it debuted on the NYSE on September 16. The cloud-computing company was a lesser-known name until the big debut. Now, every media is running headlines about this company, which was founded a mere 8 years ago.
Have you ever wondered how this company got its name?
Well, Snowflake co-founder Marcin Zukowski, outlined 3 reasons in a 2014 blog.
One of the reasons, he pointed out is that Snowflakes are "born in the cloud."
"For a data warehouse built from the ground up for the cloud, that's very important," Zukowski said.
Zukowski also shared how much they love snow.
"Most of our founding team, and even our first investor, love to spend time up in the mountains in winter," he said. "They even convinced me to try skiing (and took me on a black run my first day)."
He also pointed out that each Snowflake is unique.
"One of the really cool things about our architecture is that it lets you have as many “virtual warehouses” as you need, all in one system, each of which has exactly the right resources to fit the unique needs of each set of your users and workloads," he said.
When the company debuted on the NYSE, Zukowski tweeted, "What a ride. Thanks to an amazing group of people that made it happen. Couldn't be happier and more proud."
Snowflake is trading around $236 per share as of early Thursday trading.
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