From Yahoo Finance: 2025-06-03 10:24:00

Snowflake CEO Sridhar Ramaswamy suggests now is a good time for big companies to acquire startups. Snowflake plans to acquire Crunchy Data for $250 million amid a string of deals in the enterprise tech sector. Ramaswamy notes increased interest in strategic exits for startups due to how companies are valued and can go public.

Snowflake’s CEO remains open to transformative acquisitions but emphasizes the importance of finding the right company. Under Ramaswamy’s leadership, Snowflake has acquired TruEra and Datavolo, and announced partnerships with USA Today and the Associated Press to bring their news archives to the Snowflake marketplace. Ramaswamy aims to help people monetize their data effectively.

Ramaswamy emphasizes the need to preserve the dynamics of successful startup teams after acquisitions. He stresses the importance of a shared mission between incoming and existing teams. Ramaswamy advises founders that if they cannot agree on the shared mission, they should not proceed with the acquisition deal.



Read more at Yahoo Finance: Snowflake CEO says environment for deals is good as VC-backed startups look for exits