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Snowflake (software-record $33 billion IPO in September 2020) relocates executive office from California to Bozeman, Montana, as company goes distributed
May 26, 2021/
Snowflake, the cloud data analytics vendor that held the biggest U.S. software IPO ever last year, has become the latest tech company to jettison California.
- Snowflake said in its earnings release on Wednesday that it no longer has a corporate headquarters, as its workforce is “globally distributed.”
- The company designated Bozeman, Montana, as its principal executive office because it’s required by the SEC to have one and that’s where CEO Frank Slootman and CFO Mike Scarpelli are based.
- Slootman told CNBC in January that the experience of the pandemic is “really going to reduce the real estate footprint that companies have.”
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“We were a bunch of University of California Berkeley hippies, and we just wanted to change the world,” Ghodsi says. “We would tell them, ‘Just take the software for free,’ and they would say ‘No, we have to give you $1 million.’ ”
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