Data has no opinion. Our headquarters is in Atlanta, Georgia. I mean, you brought in some reinforcements when you started at Snowflake, including Michael Scarpelli, who was your CFO at Data Domain and ServiceNow. The consequences of your action are like right there. It was an application development and runtime platform to run on both Unix and OSU and Windows all at the same time. By the way, everything he did had to be insanely great because he just couldn't get out of bed if it wasn't insanely great. 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. Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 Property data website for assessments, data, and owners. Wikitia is not affiliated to Wikimedia Foundation. You've said that you were really born in the wrong country. Quick digression. I just have been in the line of fire too long. Let's go." I mean, we were crawling the bottom in the early days, so we had a product that had marginal product market fit. We don't preside, okay? While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. The company is a fintech firm that helps companies automate their deployments with unique software solutions for business. I'm in New York. Because that's what it is. 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? And by the way, the inverse of that is what are you not good at? Right? One company that embodies this vision is ThoughtSpot, an analytics company. What kind of people fail here and why?" Software was barely an industry. Take our own company, Intercontinental Exchange, for example. I always tell my own people, "Look, I'm a piece on the chessboard, okay? Frank Slootman has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. It's been extremely successful since we took over. And that's the American flavor and flare that has built up over three, almost four decades. When we first came in there, it was a very, very anxiety-ridden ride in the early days. He cancelled the luxurious annual employee ski trip to Tahoe. What are your God-given talents? Engineers should have a very easy time discerning the talent, so. 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. Our first thought was "not again" - he co-wrote Rise of The Data Cloud last year. I mean, you probably have even a sense of things that you know you're not good at. Insurance companies historically have not been because they are data companies by their essence, right? It takes a ton of work to maintain intense focus on the mission, so that's the weaponizing. 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. Some may describe him as direct. It's very hard. I mean, we have bumper stickers and people would at trade shows would stick them on tape libraries. We will talk to you next week. Are you just going to look the other way or are you going to call it out? You have to have data to partial reality, right? Where does a CEO Frank find time to write two books back-to-back and what was the inspiration for Amp It Up? That's the point of it. And by the way, insurance companies are already pretty data savvy, but every single industry is experiencing these kinds of questions. [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. In the Dutchman Frank Slootman, a non-coddling, no-nonsense executive who had taken Data Domain public before selling it to EMC, Leone saw "a match made . Somebody who I had known for many, many years, so at Sutter Hill Mike Speiser. 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. The list of its authors can be seen in its historical. So, you need to create a platform that allows data to be enriched and be joined and be blended and be overlaid in ways that data scientist only have insight into. [3] On September 16, 2020, Snowflake made an IPO, selling 28 million shares and raising $3.4 billion, making it the largest software IPO in history.[4]. Yeah, there's no doubt. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. You could eject the tape from a tape drive and you could ship it off site. That's the reason why this country does so well. And historically, people have tried to answer these questions anecdotally. Slootmans style of leadership is not gentle at all. I don't have to go work on Monday. They want to know what bad behavior is. But that is what digital transformation is. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. You need to be invested in the moment, in the present, rather than I'm thinking about my next move. At the same time, that was enormous anxiety about how the company was unfolding. Whereas in business, it often takes so much longer to be confronted with the consequences of your actions and some people don't-. The founder brings you in to scale up the company, but finds it difficult to step aside. So in hindsight, I understood that I was just burned out, classic burned out. Everybody has access to talent. I mean, all these greats, right? In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. It wasn't, and the company wasn't failing financially on its growth objectives. It takes nothing. All these things eventually came together. But this was quickly set aside because Frank appears to walk the walk. The eight blocks of the street run from Broadway in the west to the East River in the east. We cannot just read our emails and have a few phone conversations and know what's going on. If you like what you heard, please rate us on iTunes, so other folks know where to find us. And that's a whole different deal. So, because we all have our that's sell of awareness. Fred Luddy, the founder of ServiceNow, I mean, super talented guy, obviously. In other words, they kind of let it happen. I need to know what that is. It still runs as an auction in rounds of 30 seconds and final price were used as the benchmark for the entire gold market. I don't know if you've watched any of the first couple seasons of Ted Lasso, but on a team of great characters, the Dutchman is the one guy, straight faced, no bullshit throughout the whole game. Presiding is the worst word. And it's just, it's intoxicating that energy. 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. It will be fine. What is the core of your being, right? Obviously, that industry had moved on to all kinds of different disk space technologies. But in the end, it's like we have to get into backup software in which we tried. 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. And then I change myself to become that flavor of CEO. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017, taking the organization from around $100M in revenue, through an IPO, to $1.4B. This is really think about it as a database in the Cloud. That's actually another important bit of learning with a lot of people take on CEO roles and they keep doing their last job because that's familiar to them and they love it and they keep doing it. And, how do you design single best data operations platform you possibly can?". By the close of. People that the company really, really runs on. Tell me about sailing, first of all. Slootman said diversity comes second when making . Frank Slootman, Chairman and CEO of Snowflake, recently launched a new book called Amp it Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Open main menu Close main menu Home About Us Contact Us States Advanced Search The ambitions that happen, the boldness that happens as a result of that, that becomes the magic. 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. I mean, it's a hell of a cash burner as well. No databases of scale and no file systems with scale. I mean, it gets rid of you. I'm just, I'm fighting that tide. You want to be the playmaker and the people that they're going to pass the ball to when we have two seconds left in the quarter, that kind of thing. Because he was still smarting from the fact that I left ServiceNow and he felt I left him stranded. I think EMC was exactly the right acquirer because they just sort of had the orientation and the scale and the intensity culturally. And that is our culture. So, she talked me into it because I was on the verge of saying, "Look, I'm not going back there." Right? By the way, our two largest competitors were both bidding for the company at the same time. Theres no surprise here. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . They're very lonely in their jobs. So, what are things that we should absolutely not ask you to do ever? JP Morgan paid $175 million for a startup it believes it was conned into buying. Frank Slootman, Chairman and CEO of Snowflake (NYSE: SNOW), presided over the largest software IPO in the NYSEs history, but it wasnt his first rodeo. We actually won everything that we wanted to win. And after a while it's like, "Look, I can't do one-on-one meetings with a million people. 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. And it wasn't charged for, so companies just couldn't build software because it was just given away. 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. I always become the CEO that the situation mandates and dictates. 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. You relate well to that way of thinking. You really need to, look at yourself as an asset that can be applied in many, many different ways. Data Domain was really an interesting company. Technology executive Frank Slootman took software company Snowflake public in one of the biggest tech IPOs of 2020, raising $ 3.4 billion at a $33.3 billion valuation. In May 2019, Frank Slootman, the retired former CEO of ServiceNow, joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow joined the company as CFO. But we didn't have the market capital resources to do that. And in other words, I was already negotiating Mike's package before I had joined ServiceNow. I talk to more people than most people in the company do, and that makes me dangerous because I hear directly what is going on - good, bad, and somewhere in between. Technology executive Frank Slootman took software company Snowflake public in one of the biggest tech IPOs of 2020, raising $ 3.4 billion at a $33.3 billion valuation. But now, and the influence of data science, we really have to interrogate data regardless of its silo boundaries. Yacht Racing is incredibly exciting and then it has a lot of corollaries to business because it's this multidimensional game of weather and competition, and what happens on the race course and reacting to it. And then obviously, a business that was at a sense of itself, of its product lifecycle, which has its own unique set of challenges. He cuts back where he sees fit. CEO Frank Slootman told CNBC in January that after the Covid-19 outbreak forced people to work from home, it became clear that the old way of working wasn't going to return. This property is owned by Frank & Brenda Slootman. I mean, it was just trying to stay alive. I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. This is probably the biggest understatement of the year. It was just like Formula 1 of sailboat racing. Sometimes that is hard for American audiences. [9] In June 2019, the company launched Snowflake Data Exchange. Nothing herein constitutes an offer to sell, a solicitation of an offer to buy any security, or a recommendation of any security or trading practice. And I say, "Stop putting labels on yourself. Please help to demonstrate the notability of the topic by citing, Learn how and when to remove this template message, https://xconomy.com/san-diego/2011/04/26/service-now-names-software-industry-veteran-frank-slootman-as-ceo/, https://www.businessinsider.com/servicenow-frank-slootman-interview-2012-8, https://www.forbes.com/sites/tomtaulli/2019/06/05/snowflake-the-ai-force-multiplier/amp/, https://www.cnbc.com/2020/09/16/snowflake-snow-opening-trading-on-the-nyse.html, article "Frank Slootman" is from Wikipedia, https://wikitia.com/index.php?title=Frank_Slootman&oldid=81954. Now, tape technologies go all the way back to the early days of computing, because that was the form of magnetic storage that we had. 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. Now, you can manage LNG freight risk with ICE LNG freight futures contracts, which join our global natural gas complex. At some point, we were going to get stunted in our growth. And that went on literally for years, okay? Mar 11, 2021, 11:30 ET. The. Obviously, I was a young man and not even in my mid-30s and I'm taking over a whole business, a whole organization, global, all this kind of stuff, so, it was a hell of. Because when all the energy and all the quality of resources is fully concentrated on the mission, that's pure magic, okay? Slootman said he understands people might be eager to more freely leave their homes once long-standing public health restrictions are eased, potentially wanting to return to pre-pandemic routines . I mean, the results speak for themselves. Listen to this episode from This Week in Startups on Spotify. So, it's the story, what goes around, comes around, as I said at the beginning. I hate that. Correct, correct. As we're recording this in early 2022, the competition for talent has reached a boiling point. I mean, for example, I remember when we first, got involved with Geico and Todd Combs, the CEO, said, "Look, I don't need any more lectures from you guys on architectural prowess and all this sort of thing." Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. But you dont achieve a $1.8 billion net worth by being a spendthrift. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. Because of his much sought-after expertise, Slootman gets paid a decent sum of money. The good thing is you dont have to actually sit in with Slootman to get his lessons. In other words, "How fast does this might work?" But then again, there really is only one Frank Slootman, IPO master in the world. It became very meaningful to them. 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. Your mission is you're pursuing an end state or at least the closest thing to what you can envision, to what you want to realize as a couple. Snowflake, the cloud-based data-warehousing company, has been on fire in 2020, with veteran tech CEO Frank Slootman at the center of its success. Closed: Thanksgiving, Christmas Eve, Christmas and New Year's Day.