Sutter Hill Ventures

Sutter Hill incubated Snowflake and may clear a $10-20B return

Shaan explains Snowflake wasn't just VC-funded: the VC firm Sutter Hill incubated the idea internally with the four founders and supplied the first CEO, giving it co-founder-level ownership and an enormous return on the $50B IPO.

“this VC firm, Sutter Hill or whatever it's called, Sutter Hill has this like insane return on this because they were literally the co-founder of the, of the company. And so now it's, you know, $50 billion IPO. Crazy. That's going to be like— and then what, $10 to $20 billion return or something insane.”