2023
Ramaswamy's startup Neva launched citations in its search product in early 2023.
“how proud we were then that we launched it in, uh, in early 2023.”
Topic
38 facts from 5 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2023
Ramaswamy's startup Neva launched citations in its search product in early 2023.
“how proud we were then that we launched it in, uh, in early 2023.”
2023
Baris Gultekin joined Snowflake together with its current CEO Sridhar Ramaswamy through the Neva acquisition.
“Barish came to Snowflake along with Snowflake's current CEO Sridhar Ramaswamy as part of Neva”
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Sridhar Ramaswamy previously led Google's AdWords division, which the host says generated over $100 billion in yearly revenue.
“And before that, he was the leader of AdWords at Google, a division that generated over $100 billion of of revenue yearly.”
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Sridhar Ramaswamy started at Epiphany as an engineer and led most of the engineering of roughly a hundred people there.
“I was at a company called Epiphany, where I started as an engineer and then led, uh uh, most of the engineering of about hundred, something people there”
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Ramaswamy says that during his first nine months at Snowflake, after the Neva acquisition, he was SVP of AI with no direct reports.
“at Snowflake for the first nine months, famously, um, I had literally no one reporting to me.”
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Ramaswamy says he has done roughly 250 customer calls in about nine months as Snowflake CEO.
“I've also done probably 250 customer calls over the past, like nine-ish months.”
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Ramaswamy introduced boolean metrics to Snowflake's sales organization to describe the state of accounts, in discussions with CRO Chris Dignan.
“I introduced the idea of like boolean metrics, like, how do you describe the state of a world so that you can then describe the state of 5,000 entities in your world?”
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Under Ramaswamy, Snowflake wrote company-wide OKRs for the first time, with named owners for accountability.
“we wrote OKRS for the company for the first time. Why? Because I wanted that level of abstraction.”
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Ramaswamy cites deciding when Google Search should show the weather box as an example of a problem language models can solve effectively.
“When should the weather one box trigger on Google search?”
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Ramaswamy says he built a chatbot from a Kaggle data set using Snowflake search and Streamlit in about ten minutes.
“I think it was a Kaggle data set, uh, yesterday in the morning, because I want. I keep trying these things every now and then, and I had a chat bot ready in ten minutes.”
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Sridhar Ramaswamy says about 700 Global 2000 companies use Snowflake.
“We have something like 700 odd global 2,000 companies that are on Snowflake.”
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Sridhar Ramaswamy says large public companies close their monthly books on Snowflake.
“Large public companies close their books every month on top of Snowflake.”
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Sridhar Ramaswamy says Snowflake is central to how data moves within the US financial system.
“Snowflake is the beating heart of the, at least the US. financial system in terms of how data moves from place to place.”
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Sridhar Ramaswamy argues that freely available capable AI models increase the value of data held in Snowflake.
“the value of the data that is in Snowflake goes up. It doesn't go down.”
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Sridhar Ramaswamy says about half of Google Ads revenue is generated without any human sales contact.
“50% of this absurd amount of revenue that Google makes is without ever talking to people.”
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Sridhar Ramaswamy says an outage of Google search ads cost thousands of dollars every second.
“If search ads went down, you were literally losing thousands of dollars every single second.”
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Sridhar Ramaswamy says Snowflake has offered multifactor authentication for over ten years.
“Snowflake has offered multifactor authentication for over a decade.”
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Sridhar Ramaswamy says Snowflake now monitors the dark web and disables credentials that appear compromised.
“We now have dark web monitoring. So if there looks to be a credential that is compromised, then that credential is promptly turned off.”
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Sridhar Ramaswamy says Snowflake grew up as a cloud data warehouse business whose sales approach was well understood.
“Snowflake had come of age as a cloud data warehouse. We knew how to sell the cloud data warehouse.”
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Sridhar Ramaswamy says Snowflake aims to train one million people on AI and data products, including in India.
“Our aspiration is to train a million people on using AI and data products.”
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Sridhar Ramaswamy says Snowflake's balance sheet is over $5 billion.
“we have a very healthy balance sheet. It's over $5 billion.”
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Sridhar Ramaswamy cites Snowflake revenue of $3.5 billion and more than 10,000 customers.
“There is nothing unreal about the $3.5 billion that we made as revenue, about the 10,000 plus customers that we have”
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Sridhar Ramaswamy says Snowflake stopped developing its own foundation models because of the money and talent required.
“We used to develop foundation models, but we backed away from it because we just said we just cannot afford to spend the amount of money and talent”
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Sridhar Ramaswamy says Brown University fully funded his doctorate and gave him a monthly stipend.
“I got a doctorate from Brown that Brown entirely paid for. I got a monthly stipend and a free PhD.”
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Sridhar Ramaswamy says he arrived in the US with about $700 and that neither parent attended college.
“I think it was 700, uh, $700. Neither of my parents went to college.”
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Ramaswamy says his first Google launch, which was his own work over three months, was covered by the New York Times.
“my first, um, launch at Google, which was entirely my work for three months. One person was covered by the New York Times.”
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Ramaswamy says Google largely stopped at information and did not succeed in expanding into physical-world areas like shopping, airline purchases or hotels.
“Google, for example, stopped at information. God knows I spent enough time trying to get into physical things like shopping or airline purchases or hotels.”
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Ramaswamy says he left Google about seven years before this interview and is now more proud of the work his search ads team did.
“I'm actually more proud of the work that we did in the search ads team now than I was when I left Google.”
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According to host Nicolai Tangen, Sridhar Ramaswamy spent 15 years at Google, where he grew the advertising business from $1.5 billion to over $100 billion.
“Sridhar spent 15 years at Google, where he built the advertising business from 1.5 billion to over $100 billion.”
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Sridhar Ramaswamy says about half of the addressable Global 2000 companies, meaning those outside China, are Snowflake customers.
“half the uh global 2,000 companies that are addressable, uh, that is non-China companies, are uh, our customers”
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Sridhar Ramaswamy says Snowflake has over 13,000 customers, which helps it predict demand and smooth out spiky usage.
“we are very good at predicting demand because we have over 13,000 customers.”
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Sridhar Ramaswamy describes MCP as a way for a language model or coding agent to communicate with a data source, acting as an interoperability layer.
“It is just a way for uh, a language model or a coding agent to be able to talk to a data source.”
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Sridhar Ramaswamy says he succeeded Frank Slootman as Snowflake CEO, and that on his first day the company guided five percentage points below consensus.
“Of course, it does not help that an unknown person that has never been C E O before was taking over from the legendary Frank Slootman.”
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Sridhar Ramaswamy says he started Neva out of a belief that building a better search engine would be a great business.
“Neva was, uh, started out of this sincere belief that creating a better search engine was going to be a great business.”
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Sridhar Ramaswamy says Snowflake's weekly war rooms gathered everyone responsible for a new product area in one place to tighten the feedback loop between creators and users.
“They brought everybody that was responsible for a new area together into one place.”
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Sridhar Ramaswamy says his 24-year-old son, a software engineer at an AI lab, told him that what he learned in school is useless for his current job.
“he told me recently that everything I learned in school and after that is completely useless to succeed in my current job.”
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Sridhar Ramaswamy says neither of his parents attended college and both finished only high school, though they strongly valued education.
“Neither of my parents went to college. They only finished, uh, they only finished high school.”
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Sridhar Ramaswamy says he attended a college 300 miles from home that his parents were initially hesitant about, but they supported his choice.
“I went to a college that they did not want me to go to, um, because, uh, the idea of sending a young son to a college that was 300 miles away”
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