Professor Dominique Jacquet takes a look back at one of the giants of the Cloud business, Snowflake since its stock market listing.

He takes the opportunity to reflect on GAAP versus Non-GAAP models and share-based compensation.

He takes his relationship even further by asking whether stock-based compensation is real compensation.

He takes it a step further by asking whether current accounting concepts are really suited to entrepreneurship.

What's more, in this month's blog post, he completes his analysis, and proposes some managerial thinking on the subject.