Gerstner describes identifying the post-internet data explosion trend nearly a decade ago as foundation for Snowflake thesis.
“when we started thinking about the biggest trends, this was almost a decade ago, the post internet trends, the explosion of data, and how we make sense out of data to yield useful insights.”
Gerstner dismisses valuation concerns for Snowflake at 100x forward sales given 100%+ growth in strategic software category.
“No growth investor would listen to that and think that there's anything unusual about a company growing well over a 100% in the most strategic location of all of software.”