Okay. And that's a whole different deal. Slootman moved to Silicon Valley in 1997. So, we came out there and we said, "Look, no, we're not just going to sell a product here. I mean, truly retire. Frank Slootman currently serves as Chairman and CEO at Snowflake. Our guest was Frank Slootman, the Chairman and CEO of Snowflake. Amp It Up, Frank, you write a lot about building culture and I think you had some issues at Snowflake when you got there. I mean, the problem with backup and recovery is, yeah, you can do backups, but the point of backup is recovery because if I can't find or read tapes, I'm still up the creek without a paddle. That's not a healthy dynamic. Who can solve what set of issues, right? Frank Slootman on Leadership and the War Against Mediocrity - ICONIQ It became very meaningful to them. 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. Snowflake CEO Frank Slootman is the toast of the big data community, and following the $3.4 billion IPO, a favorite on Wall Street too. [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]. Frank Horvat helped elevate fashion photography into high art, and with his thoughtful photographs, changed how we look at fashion altogether. And I have to, the moment I start sitting in my ivory tower and rely on reporting from people all over the place, we're in a world of hurt. Because now you're buying somebody else's culture. When I was considering Snowflake, I told Snowflake, "I will not do this if Mike doesn't come along." You hit a mark, you have to do two 360s. Of these, six were built: the Imperial Hotel and Annex, the Jiyu Gakuen School, the Aisaku Hayashi . And over time, we overcame that because we were laser focused on making the product bigger and faster every year. It could address very few use cases. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. 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. That takes very different approaches, orientation, skill sets, and so on what you do. Who is Snowflake CEO Frank Slootman? | The US Sun The Frank Lloyd Wright (R) Suite will be accepting bookings from January 24, 2023, through March 31, 2024. . Amping it up with Snowflake CEO Frank Slootman - SiliconANGLE CEO Frank Slootman (second row, fourth from left) and the Snowflake team virtually rang the opening . Our European futures operation is based in London, England, and a big part of that operation is futures trading for Dutch Natural Gas at the Title Transfer Facility or TTF, virtual trading point in Amsterdam. Right? Career In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Investors know this about us. We don't preside, okay? The perception in Holland of United States is very, and I don't want to use the word biased, that might be too strong. 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 if you've got a comment or a question if you'd like one of our experts to tackle on a future show, email us at [emailprotected] or tweet at us @icehousepodcast. Obviously, that industry had moved on to all kinds of different disk space technologies. Snowflake CEO Frank Slootman Talks IPO Pop: Narrative Of Lost - Forbes And the other thing I'll say is we maintain a very, what we call a malcontent attitude. No. Slootman said diversity comes second when making . Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. Why did you give up the helm of the invisible hand for this new role with Snowflake? And it's like, "Well, why does that matter?" 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. I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. Right? See what you can do with it" to data driving operations directly, right? We'll do something good with it. 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. If it's not related to our core mission, we don't want to hear about it. But then, there's new platforms in terms of the Public Clouds, right? Frank Lloyd Wright's Buildings in Japan And that is our culture. So, we won a lot of outraces. And having incredible meaning and potency and yield value for applications you never imagined. But in the end, it's like we have to get into backup software in which we tried. So, I really lift that cross and the chasm dynamic. Our first thought was "not again" - he co-wrote Rise of The Data Cloud last year. Snowflake IPO: Everything you need to know | Fortune Everybody has access to capital. We had this very high profile bidding war between the EMC and NetApp at that time. Not all CEOs have this, but a lot of CEOs do. Frank's new book, Amp It Up: Leading For Hyper Growth By Raising Expectations, Increasing Urgency and Elevating Intensity, still is the leadership principles he's developed over his long career. It's like, "That's not exciting." Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. When some of these firms moved out to Canary Wharf, they decided that actually, it was too much to be sending people to the room, so they moved it to a phone call to buy and sell and establishing a price. This article "Frank Slootman" is from Wikipedia. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. Now, for us, it's a data Cloud. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. 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. 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. Obviously all the financial reporting, all the systems. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . Yeah, in some areas it's easier than others, and in sales, we can just look at what people have done the past. At some point, we were going to get stunted in our growth. I'm Josh King, your host, signing off from the library of the New York Stock Exchange. 10 Things You Didnt Know about Loggi CEO Fabien Mendez, 10 Things You Didnt Know about Mark Nelson, 10 Things You Did Not Know About Thoughtspot CEO Sudheesh Nair, 10 Things You Didnt Know About Guy Nirpaz, 10 Things You Didnt Know About Paul Stovell, How Ali Wong Achieved a Net Worth of $3 Million, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe. Yeah, it was a good problem. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. Meaning that we would run something like Tableau on top of Salesforce or whatever. I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. How does that work at Snowflake? And we introduced a centrally cleared model with ICE as the central counterparty, because that makes it much easier for new firms to join. We want to bring about something in the world of computing that has never existed before and we are consumed by our mission. 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. 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. 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 let's focus on another dilemma that brought up in the book, Frank. Somebody who I had known for many, many years, so at Sutter Hill Mike Speiser. While most CEOs would be described as the person who would take their company to the moon, Slootman has been referred to as the person who would take his company to Mars. JP Morgan paid $175 million for a startup it believes it was conned into buying. And the EMC came in and within a quarter, it was up to a $100 million because they had channels and customers and everything primed and ready, right? I mean, we had like 15X, the X of the next nearest competitor. 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. We are people that basically see everything that's wrong all day, and we always see a room up from where things are. Things will change in ways you cannot even imagine the ideas that happen. Frank Slootman - The Montgomery Summit Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 All of which is presented solely for informational and educational purposes. 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? 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. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. Snowflake: Not What You May Think It Is - Datanami Snowflake CEO Frank Slootman on moving the needle, win-first - Spotify But what is so great about it is, I mean, the starts are incredibly exciting and that takes enormous amount of drilling to become really good at starts because it's a tightly, tightly coordinated process and you have to become good at it. One of the worst, worst in the English language for me. 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. It's you're in this job for a reason. You need to be invested in the moment, in the present, rather than I'm thinking about my next move. 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. When we first came in there, it was a very, very anxiety-ridden ride in the early days. Our guest today, Frank Slootman is chairman and CEO of Snowflake. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. It is hard when you lose your sense of mission, when you lose your desire and your boldness and your aggression in the marketplace and want to go after competition. It's up to 79% of the volume has gone cleared. It takes nothing. Where does a CEO Frank find time to write two books back-to-back and what was the inspiration for Amp It Up? They're high anxiety, they're entrepreneurs, they're CEO, and sort of getting a very unvarnished view, inside view from a fellow traveler. And the product was insanely fast, completely automated. Now, you can manage LNG freight risk with ICE LNG freight futures contracts, which join our global natural gas complex. He published a book in 2011 called Tape Sucks. A compensation package he received upon joining Snowflake in April 2019 awards him a. But the essence of what I'm getting when I hire you is what you're innately good at. Yeah. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . And we feel the consequences of our actions every minute of the day. Snowflake CEO collects a $95 million payout every month You have to have data to partial reality, right? I mean, if you look historically at what platforms like ours have done, there is no relationship to the past with what Snowflake is doing now. I mean, it's like when people start to roll their eyes. They sold the living hell out of that product. Photo by Christie Hemm Klok/The Forbes Collection. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. And it was really my wife who said, "No, no, we'll go. They always have a twinkle in their eye and they're going to do this, they're going to do that. Whatever he learned from school is probably what we should all learn. We're driving change. And you mentioned several times in the book that you look for aptitude over experience, does that focus help snowflake identify young talent and how do you measure aptitude? He said, "Because you guys are indicting everything I've done." 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. This site uses Akismet to reduce spam. He cuts back where he sees fit. I mean, all these greats, right? And by the way, data platforms have been extremely fragmented historically. Well, you think you're just going to turn it off? Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. And Mike was still the CEO at ServiceNow at that time. 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. But yeah, then I was off for two years and I did a lot of sailboat racing and I did talk about that in the book as well, because that was a passion and I'd never been able to do that without guilt. Check out the subtleties of his Wikipedia below. They want to know what bad behavior is. They've never really been asked that before. How Snowflake CEO Frank Slootman became a billionaire by ripping up the But one day, and this was in March of 2019 and he said, "What would it take for you to take the helm?" ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening. No, I didn't. I'm just, I'm fighting that tide. People naturally become very unfocused, very, very easily. The Frank Lloyd Wright Suite at This Tokyo Hotel Is a Midcentury Modern And by the way, the inverse of that is what are you not good at? That is by then, we often refer to this as data enrichment because you can take incredibly mundane data and when you enrich it with data attributes from other sources, like for example, you guys did with ADP, all of a sudden data goes from mundane to high octane. Data Domain was really an interesting company. They all do and for a good reason. But EMC prevailed. The nascent liquidity of spot LNG freight markets, and the volatility of time charter rates has boosted demand for risk management tools. I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. 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? So, the earlier you show up, the better off you are. We call it a turn on the crank and we came out with a product that was at least twice as big, twice as fast, so the market kind of opened up gradually for us. 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. 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. The Last Of Us offers up its best episode yet, though this one diverges from the source material much more than the previous two. You ever noticed that NFL quarterbacks just can't leave the stage. You're finding the best sailors in the world and all of that. Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. And that's the American flavor and flare that has built up over three, almost four decades. In other words, they kind of let it happen. And of course, the appetite is insatiable for both technology and people that know how to make this future happen. Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. And a lot of our people have the same malcontent attitude that I do. But yeah, aptitude is really about, what are you innately good at? You could have a meeting in the hallway with the entire company. And companies that have been around a long time, it's near to impossible to undo the culture. Yeah, there's no doubt. So, one of the things that, that our founders did really, really well and it's a very important lesson here for anybody that's watching Snowflake and trying to understand is that they took a clean sheet of paper. Closed: Thanksgiving, Christmas Eve, Christmas and New Year's Day. 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. You cannot sell your way through a crappy product, okay? And you need to have the flexibility of mind to really deploy yourself. And then obviously, a business that was at a sense of itself, of its product lifecycle, which has its own unique set of challenges. And we publish the data transparently on our site, so anyone can come and see what actually happened in the auction. So, because we all have our that's sell of awareness. If you like what you heard, please rate us on iTunes, so other folks know where to find us. Not all people are created equal in terms of their roles and their contributions in companies. I really had to change from being an individual contributor or a small team leader to somebody who runs organizations. Slootman knows exactly what hes doing. 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 are there any particular secrets to building a consensus around the idea of change? So after a while, it's like, "Okay, we've done enough of this." Snowflake is Slootmans third IPO. What are your God-given talents? In Amp It Up, you're pretty open about the struggles the company faced in its business and leadership. Phone: 312.994.4000. Right, you got a good point. I mean, we were crawling the bottom in the early days, so we had a product that had marginal product market fit. We actually won everything that we wanted to win. And in other words, I was already negotiating Mike's package before I had joined ServiceNow. Prior to joining Snowflake, Frank served as the CEO of ServiceNow and that's NYSE ticker symbol, NOW and Data Domain, leading both of those firms successfully through their IPOs. He cancelled the luxurious annual employee ski trip to Tahoe. It was doubling. I mean, that's how I felt at that time, like I had no more to give. Instacart Appoints Frank Slootman, Chairman And CEO Of - Insider And people would eyeball those reports in those dashboards, and that was sort of the extent of it. Frank Slootman - Topp podcast avsnitt 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. As young as I was, I mean, I was determined that that's where I wanted to be and certainly, not hardware because I saw another way for commoditization happening over there. 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. Now, it was actually pretty interesting because this was sort of a forerunner of a data analytics, business intelligence type of company. 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. Africas largest economy is in the early stages of a monetary experiment that could be coming to the U.S. sooner than you think. In any successful company just ask them, they will attribute success to their culture. I mean, 16 months after you and Mike came to Snowflake, you raised $3.4 billion as part of its IPO, instantly establishing Snowflake as one of the NYC's marquee companies. 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. That is the X factor in companies, but it starts with weaponizing the mission. 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. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. Get the world to sort of move onto a different technology platforms, et cetera. 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.