Snowflake Inc. sold by Sutter Hill Ventures: $158.59m-Aug 27
Snowflake Inc. is a cloud data platform provider. The Company's platform enables customers to consolidate data into a single source to drive business insights, build data-driven applications and share data. The Company's platform supports a multi-cloud strategy, including a cross-cloud approach to mix and match clouds. Its multi-cluster shared data architecture enables governed and secure data sharing in real-time. It enables to create own private data exchange to share and collaborate with business partners, suppliers, and employees in a centrally managed data hub. The Company, by leveraging the performance of the public cloud, its platform enables customers to unify and query data to support a variety of use cases. It also provides frictionless and governed data access so users can securely share data inside and outside of their organizations, generally without copying or moving the underlying data. Number of employees : 2 495 people.
https://www.marketscreener.com/quote/stock/SNOWFLAKE-INC-112440376/company/
Sutter Hill Ventures is an American private equity firm focused on venture capital investments in technology-based start-up companies. Founded in 1964, Sutter Hill is one of the oldest venture capital firms still in operation. Based in Palo Alto, CA, the firm is primarily focused on investments in the fields of networking and computer technology, business and financial services, healthcare, web development, and pop culture, and have been known to invest in angel funds. The firm currently holds positions in a number of publicly traded companies, including Restoration Robotics (HAIR), Pure Storage (PSTG), Mattersight (MATR), Forty Seven (FTSV), Threshold Pharmaceuticals (THLD), Molecular Templates (MTEM), Cardica (CRDC), and Corcept Therapeutics (CORT). The firm has also incubated and invested in Snowflake Computing (SNOW) which had the record-setting technology IPO in 2020.
Sutter Hill Ventures was founded in 1964 by Bill Draper** and Paul Wythes. It began as an off-shoot of a real estate firm and was licensed as a Small Business Investment Company. The firm was an early investor in companies including Qume, a maker of disk drives and printers acquired in 1978 by ITT, and Diablo Systems, a pioneer of daisy-wheel printers that was acquired by Xerox in 1972. In the 1980s, the firm provided seed money for LSI Logic and Banyan Systems
https://en.wikipedia.org/wiki/Sutter_Hill_Ventures
**
William Draper was born on January 1, 1928 in White Plains, New York, the son of Katherine Louise (née Baum) and banker, general, and diplomat William Henry Draper Jr. His father founded Draper, Gaither and Anderson. He attended Yale University with president George H. W. Bush, graduated in 1950, the year after George H. W. Bush, and is a member of the secret society Skull and Bones. After graduating from college, Draper served as a second lieutenant in the Korean War. Upon returning to the United States, he attended Harvard Business School and studied under professor Georges Doriot, who is often credited with starting the venture capital industry. Draper graduated with a Masters of Business degree, with distinction, in 1954. He then worked from 1954 to 1959 as a steel salesman at Chicago's Inland Steel Company.
Administrator of the United Nations Development Programme 1986–1993
Chairman and President of the Export–Import Bank of the United States July 14, 1981 – February 28, 1986
https://en.wikipedia.org/wiki/William_Henry_Draper_III
Also the father of Tim Draper
Timothy Cook Draper (born June 11, 1958) is an American venture capital investor, and founder of Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, Draper Associates and Draper Goren Holm. His most prominent investments include Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Ring, Twitter, DocuSign, Coinbase, Robinhood, Ancestry.com, Twitch, Cruise Automation, and Focus Media. In July 2014, Draper received wide coverage for his purchase at a US Marshals Service auction of seized bitcoins from the Silk Road website. Draper is a proponent of Bitcoin and decentralization. Draper was also one of the first investors in Theranos
https://en.wikipedia.org/wiki/Tim_Draper
Tim Draper was also behind the initiative to split up California into six different states-failed to get on the ballot
https://finviz.com/insidertrading.ashx?oc=1433644&tc=7&b=2