The SaaS CFO

Ex-Google Engineer Raises $9M to Tame Snowflake Workloads


Listen Later

I spoke with Mingsheng Hong, co-founder and CEO of Bluesky. Bluesky, a Menlo Park, CA-based formally launched its first product that provides unprecedented visibility into Snowflake workload usage and costs.

He couldn’t start coding his idea due to IP concerns when he was employed. However, soon after launching the idea, he raised funding and started to code the product.

Bluesky announced that it raised $8.8 million in seed funding led by Greylock, with participation from angels Ashish Thusoo (co-founder of Qubole), Jeff Hammerbacher (co-founder of Cloudera), and Johannes Gehrke (Microsoft Redmond research director).

  • Founded 2022
  • $9M Raised
  • 12 FTE’s and hiring more
  • Moved from % savings pricing model to subscription model
  • Closer to $0 than $1M ARR
  • If the founder’s vision doesn’t resonate with the VC, move on (fail fast)
  • Mingsheng Hong’s LinkedIn: https://www.linkedin.com/in/mingshenghong/

    SaaS Fundraising Story: https://www.thesaasnews.com/news/bluesky-raises-8-8-million-in-seed-round

    ...more
    View all episodesView all episodes
    Download on the App Store

    The SaaS CFOBy Ben Murray

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    3 ratings


    More shows like The SaaS CFO

    View all
    The a16z Show by Andreessen Horowitz

    The a16z Show

    1,091 Listeners

    The SaaS Podcast: Build, Launch & Scale Your SaaS by Omer Khan

    The SaaS Podcast: Build, Launch & Scale Your SaaS

    185 Listeners

    Up First from NPR by NPR

    Up First from NPR

    56,984 Listeners

    CFO Weekly by Personiv

    CFO Weekly

    44 Listeners