So that could be either a virtual machine - an operating system running inside another operating system, or a virtual private server - you rent a virtual server from a company, so you have your own internet-facing server running 24/7 relatively cheap (since it's not a real server, but one of many virtual server running on an actual server). I think he might have meant the later, since you'd have to run a snartnofe (btw I love that name) non stop to benefit from it.
Typical Use Case: Early stage startup workloads, quick prototypes, prelaunch experimentations, dev/test environments, microservices node, code repositories, dedicated application servers for light workloads. Resource intensive workloads like data aggregation, gaming front-ends, video encoding, high performance computing, batch processing. Also see our managed services for Startupreneurs.