{"id":75634,"date":"2020-09-17T00:45:00","date_gmt":"2020-09-17T04:45:00","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=75634"},"modified":"2020-09-17T00:18:41","modified_gmt":"2020-09-17T04:18:41","slug":"a-low-profile-investor-who-bet-on-snowflake-eight-years-ago-is-up-more-than-12-billion-after-ipo-pop","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2020\/a-low-profile-investor-who-bet-on-snowflake-eight-years-ago-is-up-more-than-12-billion-after-ipo-pop.html","title":{"rendered":"A low-profile investor who bet on Snowflake eight years ago is up more than $12 billion after IPO pop"},"content":{"rendered":"\n<p>(CNBC) Two months after <a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=FB\">Facebook\u2019s<\/a> massive <a href=\"https:\/\/www.cnbc.com\/2012\/05\/25\/facebook-ipo-fiasco-10-things-underwriters-got-wrong.html\">IPO<\/a> in 2012, venture capitalist Mike Speiser was a few miles away from the social networking company, incubating a software start-up from his nondescript office near a movie theater in Palo Alto, California. The company he eventually launched, <a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=SNOW\">Snowflake<\/a>, debuted on the New York Stock Exchange on Wednesday and ended the day with a <a href=\"https:\/\/www.cnbc.com\/2020\/09\/16\/snowflake-snow-opening-trading-on-the-nyse.html\">market cap<\/a> north of $70 billion.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2020\/09\/16\/snowflake-investor-sutter-hill-holds-11point6-billion-after-ipo-pop.html\">To read this article:<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Two months after Facebook\u2019s massive IPO in 2012, venture capitalist Mike Speiser was a few miles away from the social networking company, incubating a software start-up from his nondescript office near a movie theater in Palo Alto, California. The [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75634","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=75634"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75634\/revisions"}],"predecessor-version":[{"id":75635,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75634\/revisions\/75635"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=75634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=75634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=75634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}