There's a very particular kind of writing style happening here that I think I attribute to Matt Levine:
> If that customer switches their $1M/year budget to Snowflake, then about $400k7 goes back to AWS, making AWS about $200k in gross profits.
> That seems kind of bad for AWS? I don't know, we ignored a bunch of stuff here.
> …
> I'm not so sure? I spent six years as a CTO and moving from one cloud to another isn't something I even remotely considered. My company, like most, spent far more money on engineer salaries than the cloud itself. Putting precious eng time on a cloud migration isn't worth it unless cloud spend starts to become a significant fraction of your gross margins. Which is true for some companies! But those are in a minority.
I like this style -- conversational, well-cited, like an industry insider giving you an off-the-cuff read on their discipline at a party -- and I'm glad we're seeing more of it. Do I misattribute it to Money Stuff? Was someone doing it before?
(Some of my formative reading experiences were with Art Buchwald and Erma Bombeck and I think I see a hint of that too.)
Sorry to hijack the thread here. Why is your prediction that IBM gives up "hybrid multi-cloud"? Isn't hybrid multi-cloud exactly aligned with the future that you are portraying here (sans IBM's bet on k8s, which we could have another debate on) that what runs on top of cloud infrastructure will be available across multiple clouds?
Disclaimer: I work for IBM, and my opinions are my own.
> If that customer switches their $1M/year budget to Snowflake, then about $400k7 goes back to AWS, making AWS about $200k in gross profits.
> That seems kind of bad for AWS? I don't know, we ignored a bunch of stuff here.
> …
> I'm not so sure? I spent six years as a CTO and moving from one cloud to another isn't something I even remotely considered. My company, like most, spent far more money on engineer salaries than the cloud itself. Putting precious eng time on a cloud migration isn't worth it unless cloud spend starts to become a significant fraction of your gross margins. Which is true for some companies! But those are in a minority.
I like this style -- conversational, well-cited, like an industry insider giving you an off-the-cuff read on their discipline at a party -- and I'm glad we're seeing more of it. Do I misattribute it to Money Stuff? Was someone doing it before?
(Some of my formative reading experiences were with Art Buchwald and Erma Bombeck and I think I see a hint of that too.)