Sutter Hill invested $5 million in Snowflake’s Series A in 2012
Their stake on IPO day last week was worth $12 billion
That’s a 2400x return in 8 years
Why Uber drivers are contractors
1. They drive their own car
2. They use their own phone
3. They don't *have* to show up to work, ever
4. If they disappear for a month, or a year, they aren't "fired"
5. They can drive for Lyft or Amazon or Postmates too