Commodity products win in the long term and “better” products that are more expensive will go out of business
Snowflake customers have definitely not made this choice, as Snowflake is good but very, very expensive. They're basically the Oracle of cloud.
And this still fits, if snowflake is feeling pressure from lower cost entrants or demand from investors for more profit then it would track
I don’t necessarily disagree that it’s a risk but people assume that companies optimize for product stickiness but in fact they don’t, most companies optimize for investor relationships
I’ve said this for decades: The future is transfer learning from humans to machines until the point where bootstrapping new behaviors doesn’t need a human