When Snowflake Computing CEO Bob Muglia joined the company in 2014, it had yet to bring in any revenue; today, it’s a $3.5 billion firm.
Muglia says the company’s success can be attributed largely to its founding ideals: Put customers first, and value integrity.
Now the company is considering going public in 2020.
When Bob Muglia joined enterprise-technology company Snowflake Computing in 2014, the company was a small, 30-person startup that had yet to bring in its first dollar of revenue.
Four years later, Muglia, who became the company’s CEO after working nearly two decades at Microsoft, has helped build Snowflake Computing into a multibillion-dollar enterprise with 650 employees and customers like Netflix, Adobe, and DoorDash.
Just last week, the company, which offers a cloud-based database to store software information, announced the closing of a $450 million funding round from investors including Sequoia Capital, Altimeter Capital, and Capital One. Its new valuation? $3.5 billion.
In an interview with Business Insider, Muglia said that Snowflake’s success isn’t what he would describe as a turnaround story.
“We’ve always been consistent,” he said. “Since the very first day Snowflake was founded, we’ve been able to ride up a straight line.”
The company’s steady progression can be attributed largely to its underlying …read more
Source:: Businessinsider – Technology