Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. Frank Slootman Is No Snowflake | Sequoia Capital US/Europe At some point, we were going to get stunted in our growth. I don't care for any of that. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. So, it's the story, what goes around, comes around, as I said at the beginning. I was like, "Jesus, I spent my whole life trying to get here. We had this very high profile bidding war between the EMC and NetApp at that time. It was sort of an adjunct to what they called the computer industry back then. So, after six years of success, by any metric, by playing the king on that ServiceNow chess board, why was it time to step down? Snowflake CEO Slootman Scores IPO Hat Trick With Big Bet on Data Software company aims to benefit from companies increasingly storing information in multiple clouds Big tech firms are investing. Snowflake, a cloud-based data-warehousing company, went public at $120 a share, and has since seen shares trade as high as $328 per share. Where does a CEO Frank find time to write two books back-to-back and what was the inspiration for Amp It Up? Here's why this makes sense while looking at some options. And I had already made a little bit of a name for myself in the company. I often refer to those people as passengers and then, they're the drivers. Read More 10 Things You Did Not Know About Thoughtspot CEO Sudheesh NairContinue, If you follow business news, you may have heard that on September 29, 2021, Totango announced it had raised $100 million in Series D funding. Now, amid an ongoing legal battle, its got to clean up a very public mess. CEO of year's hottest IPO focuses on one 'incredibly hard' question - CNBC The dream drivers that have made the NYSE an indispensable institution of global growth for over 225 years. Now, most organizations are incredibly in up still in terms of their data promise. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . All these things eventually came together. And people really want to be led in that manner. Our first thought was "not again" - he co-wrote Rise of The Data Cloud last year. It is a future state that we're all working on right now. So after a while, it's like, "Okay, we've done enough of this." So, what are things that we should absolutely not ask you to do ever? He's a pretty good golfer. And that's all coming up right after this. I can't do every speaking engagement," et cetera. By the close of. Todays companies all want to achieve exponential growth and according to Frank Slootman, author of a new book for business leaders, every organization has the potential to scale to massive heights. [22] In September 2019, it was ranked first on LinkedIn 's 2019 U.S. list of Top Startups. Each week, we feature stories of those who hatch plans, create jobs and harness the engine of capitalism, right here, right now at the NYSE and at ICE's exchanges and clearing houses around the world. Once you understand relationships, you can now predict them. Tour Hours: 10 am - 4 pm daily; 10 am - 3 pm in January and February. In Amp It Up, Frank, you say that a company's mission really has to be weaponized. At the same time, that was enormous anxiety about how the company was unfolding. You're no longer using data to basically please a bunch of eyeballs, like, "Hope you like it. We added sort of network replication disaster recovery, a whole bunch of adjacencies to it. And that's the American flavor and flare that has built up over three, almost four decades. Read More 10 Things You Didnt Know About Paul StovellContinue. Snowflake CEO Frank Slootman Shares Secrets of Unrivaled Success in Now, we're going to go move the pieces and I'm just a piece on the chessboard." It was doubling. Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. The ecommerce industry is one of the fastest-growing sectors, and at the moment, it features several players. But they do because the world is changing to digital and this is the essence of digital transformation. But with three IPOs in your rear view mirror and one attempt at retirement already failing to stick, what do you see as the next chapter in Frank Slootman's journey? So, this is not data warehousing, it's just one use case. So, getting an internship in the US in those days was a really big deal and it really didn't matter to me, where it was, what company it was, I just wanted to have the exposure to what is that like. They're very well dialed into it. He said, "Because you guys are indicting everything I've done." Including his options, Slootman owns about 10% of Snowflake. In other words, somebody who has lived their lives over and over. The question is, what are you going to do? By the close of. So like, "Look, I'm not going to be doing the same races over and over again." In a few weeks, when the 2022 winter Olympics get underway in Beijing, I'll have my eyes peeled for 22-year-old, Jutta Leerdam, the reigning world speeds skating champion with over 800,000 followers on Instagram, who's proven herself a trend setter on and off the ice. I mean, it's a hell of a cash burner as well. In 2011, you joined ServiceNow, a name that's really quite familiar to our listeners where you were confronted by that old conundrum of the CEO founder that we've discussed on this podcast before. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. And now, welcome inside the ICE House. Get the world to sort of move onto a different technology platforms, et cetera. You relate well to that way of thinking. Snowflake chairman and CEO Frank Slootman on leadership and the war against mediocrity February 23, 2022 "Leading for unprecedented growth means declaring war on mediocrity, breaking the status quo, and making conflicted choices daily, all with a relentless focus on the mission," says Frank Slootman , chairman and CEO of Snowflake, one of . There are many questions left unanswered about the months leading up to Snowflake going public. Because you're like, "Oh, this is great. You have served, as I intimated in the introduction, as the CEO of companies in Silicon Valley and now, Montana, but your story really begins 5,500 miles away from the West Coast. I mean, you can take somebody out of their country, but you can't take the country out of the person, as the old saying goes. Everybody has access to capital. So, a book becomes highly scalable way of really creating some well-curated observations around "Look, here's what we believe to be true about the trajectory that we've been on. While that is probably not, my temperament is not terribly well-suited for those types of jobs. And it was one, and we were better known as the tape sucks company than we were by our own company name at one point. The Frank Lloyd Wright (R) Suite will be accepting bookings from January 24, 2023, through March 31, 2024. . the internship sort of came about because I was about a year ahead of schedule at the university. I'm trying to get into markets, not get out of them, but strategically we had a dilemma and others that we were, what I would call landlocked, maybe another nautical Dutch type of term, because we couldn't get beyond our core business of backup and recovery. And by the way, data platforms have been extremely fragmented historically. Okay, it's real easy and in engineering, they put guys on the whiteboard and they give them problems. Slootmans style of leadership is not gentle at all. It will be fine. Neither ICE nor its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the information and do not sponsor, approve, or endorse any of the content herein, all of which is presented solely for informational and educational purposes. Presiding is the worst word. Africas largest economy is in the early stages of a monetary experiment that could be coming to the U.S. sooner than you think. The book accounts his time in Data Domain and so much more. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. You can't help but run into Dutch people everywhere because they have such a small country. It's not that easy. If you want to know more about this CEO, this might be the book to read. It was just a beautiful thing when a company has massive scale and distribution, what a good product that gets entered into that context can do in a short period of time was mesmerizing. There's new business models. So, we came out there and we said, "Look, no, we're not just going to sell a product here. It was very formative. When I was considering Snowflake, I told Snowflake, "I will not do this if Mike doesn't come along." If it's not related to our core mission, we don't want to hear about it. They're high anxiety, they're entrepreneurs, they're CEO, and sort of getting a very unvarnished view, inside view from a fellow traveler. Right? The Frank Lloyd Wright Suite at This Tokyo Hotel Is a Midcentury Modern What did that initial scaling up to that point and then the public exit experience teach you about why being acquired was the right choice for Data Domain? In 2003, he became CEO of storage startup Data Domain, taking it public in 2007 and selling it to EMC in 2009 for $1.8 billion. Anybody who's tried to run HP can talk about that because you have companies that have existed for whatever, 50, 100 years, you don't get rid of culture. How does that work at Snowflake? They just said, "Look, let's re-envision, re-imagine based on the platform realities that we now have, which was the Public Cloud. Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening. Frank Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster IPO. Obviously, that required even more resources, so we really had the strategic dilemma that we couldn't grow beyond our core market. Yeah, yeah. And it was really my wife who said, "No, no, we'll go. Frank Horvat helped elevate fashion photography into high art, and with his thoughtful photographs, changed how we look at fashion altogether. Yeah, it was a good problem. We played a round of golf. In other words, wants to call it out, wants to prosecute it because you can see good behavior, bad behavior around you all day long. And when you let it happen, you get feed-ups. And by the way, the inverse of that is what are you not good at? Because they can't understand how spending categories can just explode overnight like that. I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. You just get into this cycle where all you want to do is leave. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. But it's not what it really is, so it wasn't an enormous surprise to me to come here. Closed: Thanksgiving, Christmas Eve, Christmas and New Year's Day. Frank Lloyd Wright Home and Studio | Frank Lloyd Wright Trust We will talk to you next week. Better, better all the time. You could eject the tape from a tape drive and you could ship it off site. CEO Frank Slootman (second row, fourth from left) and the Snowflake team virtually rang the opening . And Brett Favre was that way. But the problem with tape was, I mean, tape got lost, tape became unreadable. Buyers and sellers can come together. So, it just started to happen, but I wanted to desperately be in software at that time. And that is a common thread through all our companies. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". At 61 years old, Slootman has created quite the reputation for himself. And people are, are mesmerized by Snowflake results because they don't quite understand, where is this coming from? So, it was an incredible trial by fire. I mean, the only thing that energizes people and teams and organizations and companies as a whole is the mission. So as leaders, you very much, I try, no matter how big this company gets, I try to run it like a popsicle stand where we're driving a race boat around the race course, okay. And I look at what the situation requires of me, not what I want to bring to it per se, based on my own background. It's you're in this job for a reason. In other words, swarm to it instead of distance yourself from it. Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 Now, as the story goes, England followed the Netherlands in control of Manhattan. And Americans always think that there's an easy answer to these questions. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." Right? And our conversation with Frank Slootman on how he amped up his career scaled three companies and the lessons he wants to now share with the world is coming up right after this. Yeah, that goes back about mission posture. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. But EMC prevailed. Early days of ServiceNow was just jungle fighting. They were all special purpose for this thing and that thing and that has really created a lot of problems for data center operations, because they just had a Frankenstein architecture out there and people are sick of that. Because now, now you're going to look people in the eye, and say, "Look, this is the way we're going to be. Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. Because now you're buying somebody else's culture. He cancelled the luxurious annual employee ski trip to Tahoe. 5. But the thing that I like so much about yacht racing that I like better than being in business is when you make a mistake on the race course, it's almost immediately obvious that you did. Right? One of the reasons I made it a very transparent discussion is that most people think that when you have these highly successful company, it just happens like poof, beautifully. In short, money talks, and Slootmans got it in his hands and in his mouth. It's really a company production, by the way. No databases of scale and no file systems with scale. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. Whereas in business, it often takes so much longer to be confronted with the consequences of your actions and some people don't-. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. And we were babes in the wood back then. And we feel the consequences of our actions every minute of the day. Data Domain was really an interesting company. We cannot just read our emails and have a few phone conversations and know what's going on. You arrived at something like tape sucks. We'll do something good with it. But it's a very, it's a country that has really no natural resources other than the natural gas that you mentioned, which they're pretty much run out of by now, so they've really leveraged their geographic location over the years. Meaning that we would run something like Tableau on top of Salesforce or whatever. I mean, without the foresight of having read Amp It Up, our listeners might assume that a jump from into software would take you really the rest of the way in your career from your start in Europe, to Indiana, the Midwest, all the way to California. But 233 years later, American, Dutch and British interests are inexorably intertwined. I mean, what drove you to move on? IBA took over the auction in 2015 and we moved it to an electronic auction and on the web ICE platform, so it's fully audited to proper electronic liquidity window of market. And that's our conversation for this week. Make it as easy as I could make it. It becomes the beating heart of a modern enterprise. Our guest today, Frank Slootman is chairman and CEO of Snowflake. Over the past 20 years, as CEO of Data Domain and then ServiceNow and now Snowflake, Frank Slootman has generated extraordinary growth and success for each company and established himself as one of the world's top CEOs. Because that's what it is. From Broke To Billionaire: How Fred Luddy Built - Forbes Let's go." Well, they knew now. I mean, it was doing well. That's when you're at risk. But eventually, I returned to Holland about a year later, resumed my education. Right. At the same time, we've never had a data Cloud in the history of computing because data was just fragmented and proliferated into silos and what we call bunkers. Snowflake Inc. - Wikipedia They also appreciate it. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. Some may describe him as direct. What is the core of your being, right? Because, and this is another important observation, I think. So, we were just picking over use cases here and there to sort of stay alive in the early days. That's the reason why this country does so well. The name was also fitting because a few years later, Snowflake burst onto the tech scene with a one of a time groundbreaking Cloud data warehouse product that revolutionized how companies could manage their data. But he had also been the CEO of ServiceNow for seven years. Well, building culture is a very forceful thing. This is really think about it as a database in the Cloud. You hit a mark, you have to do two 360s. Tell me about sailing, first of all. Open main menu Close main menu Home About Us Contact Us States Advanced Search And he and I were serving on another board together and every time we we'd go to our quarterly board meetings, we'd have lunch and discuss the state of a affairs in the world and blah, blah, blah, sort of thing people do in Silicon Valley. And like, "How fast does this guy type?" So, it sort of lit a fire under me, just the prospect of doing that, it just kind of brought me back from my burned out state in 2017 to two years, feeling incredibly challenged, energized, and sort of having a new leash on life, if you will take on something like that. So, they looked around and they found the guy with a passport to Dutch language proficiency like. Now, you can manage LNG freight risk with ICE LNG freight futures contracts, which join our global natural gas complex. By the way, our two largest competitors were both bidding for the company at the same time. So, we won a lot of outraces. Obviously, that industry had moved on to all kinds of different disk space technologies. Frank Slootman, Chairman and CEO of Snowflake (NYSE: SNOW), presided over the largest software IPO in the NYSE's history, but it wasn't his first rodeo. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. New competitors, new partner ecosystems, so it was like, "Wow, this is the future." Before that, he spent his life in Netherlands, where he was also born. And by the way, when you see the decline of very, very storage enterprises, you can pick MG and HP and and Intel and so on, what happened to these people along the way? In any successful company just ask them, they will attribute success to their culture. Another Dutch trend setter with the Winfrey title is Frank Slootman, the chairman and CEO of Snowflake. But let's focus on another dilemma that brought up in the book, Frank. But the world of backup and recovery, was dominated, as you said, by tape automation technologies. But in the end, it's like we have to get into backup software in which we tried. It's really every leader in the organization needs to internalize and then, want to act on it. The IPO was the third for Dutch-born Slootman, who moved to California for a job at Compuware in the dotcom boom, then worked at Borland Software. Yeah, in some areas it's easier than others, and in sales, we can just look at what people have done the past. And people that know the Dutch, and you seem to know to Dutch people, it's, fairly recognizable what the Dutch attributes are that are at play here. These days, a lot of folks take it for granted, but Wall Street has a fascinating history. Frank Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster IPO. They want to know what bad behavior is. And you can't play chess pieces in a million different ways, right? And having incredible meaning and potency and yield value for applications you never imagined. I mean, that's how I felt at that time, like I had no more to give. The good thing is you dont have to actually sit in with Slootman to get his lessons. And also in sailing, you're always looking for new adventures, different platforms and things of that sort to sort of keep it interesting, continual learning experience and so on, rather than rinse and repeat. I just have been in the line of fire too long. This is a very buoyant country. But this whole Snowflake exercise could have turned out dramatically different, the CEO says, if the founders had pursued their original premise for what the company should be. Episode 280: Snowflake CEO Frank Slootman Wrote the Playbook - the ICE As Snowflake got bigger in 2019, the company knew it was time for leadership to take it to the next level and brought in today's guest, Frank Slootman, as CEO. Photo by Christie Hemm Klok/The Forbes Collection. Amp It Up, published a scant of 13 months after the Rise of the Data Cloud, which you wrote with Steve Hamm. One of the worst, worst in the English language for me. Slootman recently spoke at the CNBC. And all of a sudden, everybody is just high-fiving and doing victory laps and everything is beautiful versus reality is completely different. And by the way, data is going to, some people have referred to it as a new currency to new oil, whatever you want to call it, but. You speak the language, like we do, but there is something different about you." We had no experience. Wikitia is not affiliated to Wikimedia Foundation. Those are the people that are right there, where the people that bring home the bacon, there when the shit hits the fan. Look, I'm not a certain type of CEO. That's NYSE ticker symbol, S-N-O-W. His book from John Wiley and Sons, Amp It Up: Leading For Hypergrowth By Raising Expectations, Increasing Urgency, and Elevating Intensity is in bookstores and online now. You have to have data to partial reality, right? Many in the emerging tech sector would name Frank Slootman easily because of the kind of substance he gives when he speaks. And, likewise, when I go to Holland and I meet Dutch customers there, they kind of look at me with a smirk, like, "Yeah, I can tell you're Dutch. And then, I had another internship after that. CEO Frank Slootman made $287,990 in salary in 2019. I hate that. And that's, I had a question the other day from somebody that hit me on LinkedIn and he was putting all kinds of labels on himself. Mike is a really good example of that because what he's really good at, I'm not, and I always use the, the analogy of he plays defense, I play offense. That's the point of it. Windows 3.1 didn't even exist. This property is owned by Frank & Brenda Slootman. He's a Dutchman Slootman moved to Silicon Valley in 1997. As the gold auction and also, the LBMA gold price is the world's price for gold, particularly gold, which is delivered in London. Snowflake CEO Frank Slootman Leading for Hypergrowth - YouTube Frank Slootman, Snowflake CEO, joins 'Closing Bell: Overtime' to discuss the company as shares slump on weak guidance following Wednesday's earnings report. And I've never been able to equal that level of success with a marketing slogan. I really had to be shamed into writing this book, considering the amount of work that it is, but got a lot of help from the company. Growth opportunities abound, but what many owners of startups may not realize is that choosing a bank with sector expertise to complement your business needs is more important than ever. I don't think about what's next. Before becoming President and CEO, Mark served as Tableaus Executive Vice President of Product Development, coordinating the, Read More 10 Things You Didnt Know about Mark NelsonContinue. Because of his much sought-after expertise, Slootman gets paid a decent sum of money.