His company's listing here at the NYC in September 2020 was the largest software IPO in the history of the US capital markets. Yeah, there's no doubt. When you run companies, you need to narrow the plane of attack very, very quickly. It has certainly worked well for himself, for the companies hes worked under, the many investors that have poured money in his name, and so forth. That's when you're at risk. It's you're in this job for a reason. They're very well dialed into it. Make the connection to a global natural gas market at ICE, get started with ICE LNG freight futures today. The good thing is you dont have to actually sit in with Slootman to get his lessons. He was pretty smart to use nautical expressions in that conversation, take the helm at Snowflake. 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? Yeah. 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. When I was considering Snowflake, I told Snowflake, "I will not do this if Mike doesn't come along." Frank Slootman Chairman and CEO at Snowflake Bozeman, Montana, United States 32K followers 500+ connections Join to follow Snowflake Erasmus University Rotterdam Articles by Frank Drivers vs.. This property is owned by Frank & Brenda Slootman. In any successful company just ask them, they will attribute success to their culture. And today, there's an endless bank of software company elevators, but when you joined Comshare, it was in the nascent days of the tech world. The interesting thing about data domain was it was very, very slow going. But for many, many other enterprises, including a lot of banks actually in the world of financial services, because they operate through branches and very conventional brick and mortar ways of interacting with customers, all of a sudden, it has to change rapidly. It's just our nature to talk about problems." Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth . In other words, "How fast does this might work?" CEO Frank Slootman (second row, fourth from left) and the Snowflake team virtually rang the opening . Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. The book accounts his time in Data Domain and so much more. 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. 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So, it was an incredible trial by fire. So after a while, it's like, "Okay, we've done enough of this." And when the whole world goes direct to consumer and it becomes disintermediated and goes wholly digital, the role of data obviously becomes insanely important. If you want to know more about this CEO, this might be the book to read. You've said that you were really born in the wrong country. CEO Outlook | Frank Slootman - KPMG Global It's just that there is a spirit here that always believes that it can do things that other countries don't believe about themselves. Presiding is the worst word. Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. BUILDINGS. And did you have a sense that the sector was really about to explode? 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. ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. Another Dutch trend setter with the Winfrey title is Frank Slootman, the chairman and CEO of Snowflake. Frank Lloyd Wright's Buildings in Japan I mean, truly retire. What kind of people fail here and why?" But you mentioned this earlier, it isn't really what happened. But he had also been the CEO of ServiceNow for seven years. None of that stuff is material to your mission. People that the company really, really runs on. Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. Snowflake CEO Frank Slootman on moving the needle, win-first culture & managing burnout | E1689. Amp It Up: Snowflake boss pens hands-on CEO toolkit I only think about now and what I'm doing today. Wikitia is not affiliated to Wikimedia Foundation. 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. Let me bring you back 10 years to 2012, Benoit Dageville, Thierry Cruanes, and Marcin ukowski started Snowflake as the secret name of the startup they were working on during that particularly hot summer. It doesn't matter how big we are, as long as we have a compelling mission that we want to get up for every day and swing for defenses and then, it's not hard. Strong personalities will just dictate culture in certain business units, in certain geographies and so on. I mean, it gets rid of you. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. Software was barely an industry. The Frank Lloyd Wright (R) Suite will be accepting bookings from January 24, 2023, through March 31, 2024. . We'll do something good with it. It takes nothing. And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. Nothing to do with financial targets or growth targets or market capitalization. The question is though, for investors, for others, for employees, how do you keep momentum going now as a public company and how does the future look for Snowflake? They're very lonely in their jobs. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. Frank Slootman - Chairman and Chief Executive Officer - LinkedIn All these things eventually came together. But EMC prevailed. So, we won a lot of outraces. 5. And essentially, he defends. Frank Slootman added: " I'm excited to advise Blackstone. We are people that basically see everything that's wrong all day, and we always see a room up from where things are. Basically, we had to solve our enormous problems that we have while the company was doubling in size, more than doubling its size every year. We added sort of network replication disaster recovery, a whole bunch of adjacencies to it. We were going to do the world of favor.". This article "Frank Slootman" is from Wikipedia. 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. See what you can do with it" to data driving operations directly, right? Instacart Appoints Frank Slootman, Chairman And CEO Of Snowflake, To Right? When I in Ohio, I joined copy ware in Farmington Hills, Michigan, and I had not even been there a few month and they acquired a sizable company in Holland, a company called Uniface. 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. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. Snowflake CEO Frank Slootman Shares Secrets of Unrivaled Success in That takes very different approaches, orientation, skill sets, and so on what you do. They want to know what good behavior is. Whereas in business, it often takes so much longer to be confronted with the consequences of your actions and some people don't-. What was that? This is very much a country that believes things that other countries don't believe. Of these, six were built: the Imperial Hotel and Annex, the Jiyu Gakuen School, the Aisaku Hayashi . 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. And I'm like, "You know what? What attracted you to the space? Yeah. This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. So, I just had some peripheral view of the company, as well as its strategic challenges, by the way. 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. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. Sometimes that is hard for American audiences. I mean, you probably have even a sense of things that you know you're not good at. But . It became very meaningful to them. You ever noticed that NFL quarterbacks just can't leave the stage. No. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. 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." This is really think about it as a database in the Cloud. But the problem with tape was, I mean, tape got lost, tape became unreadable. And we publish the data transparently on our site, so anyone can come and see what actually happened in the auction. 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. Snowflake CEO Frank Slootman Wrote the Playbook on How to Amp It Up It still runs as an auction in rounds of 30 seconds and final price were used as the benchmark for the entire gold market. Who is Snowflake CEO Frank Slootman? | The US Sun So now, we're having business conversations about data. And there is a following for this and the reason that we know that is because we wrote a book back in 2009, 2010, that sort of became a combat manual for entrepreneurs over the years where, because this is really for people that have nowhere else to turn. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. Now, you can be very obstinate about it and say, "Well, I'll eventually cross that bridge when I come to it," or you can try to anticipate it and say, "Okay, I'm going to find somebody who has the resources that I do not possess." After the break Snowflake's CEO Frank Slootman and I are going to preview and review some of the other lessons in his new book, Amp It Up. And of course, the appetite is insatiable for both technology and people that know how to make this future happen. Snowflake CEO Frank Slootman on Covid and remote work adoption - CNBC While that is probably not, my temperament is not terribly well-suited for those types of jobs. I mean, it's a hell of a cash burner as well. Frank, you write about trying to convert your experience, taking on the hard problems of your employer, into making a path to the C-Suite. But predictably, we already talked about Dutch culture, that relationship between the American parent and the Dutch subsidiary didn't go so well. I'm in New York. Others might say that hes completely brash. And we introduced a centrally cleared model with ICE as the central counterparty, because that makes it much easier for new firms to join. Before that, he spent his life in Netherlands, where he was also born. They knew exactly what we meant. 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. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. And of course, people chuckled because they recognized it. But your culture is the only thing that's really unique to you and everything else is up for grab for anybody else. They did not try to carry technology or ways of thinking forward. I often refer to those people as passengers and then, they're the drivers. Welcome, Frank, inside the Ice House. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. And it wasn't until the consent degree with IBM that really unbundled the software from hardware because software industry couldn't even happen because software was bundled. 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. When a company is buying a million dollars from you in the course of a year, what are they getting? Now, most organizations are incredibly in up still in terms of their data promise. Who can solve what set of issues, right? Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. Did you always have your eyes set on a career in the US? And people would eyeball those reports in those dashboards, and that was sort of the extent of it. Snowflake is the third company Frank has taken public, and the lessons that shaped his career are part of his new book Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. 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. But the essence of what I'm getting when I hire you is what you're innately good at. A term that gets used a little bit too much in too many places. So, I ended up going back to, I really didn't want to. He knows what problems exist in his field today, and he knows how to address them as well. So, understanding that is really important because obviously, you can't fight it off unless you understand where it's coming from. Get the world to sort of move onto a different technology platforms, et cetera. The pandemic has. Yeah, yeah. 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. That's the reason why this country does so well. I'm curious, how that opportunity at Data Domain came to you? They're very safe. It takes a ton of work to maintain intense focus on the mission, so that's the weaponizing. 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. I can't get you aptitude. He said, "Because you guys are indicting everything I've done." I was just shot. Different technologies, different markets, different competitors, different eras, different cultural times that we live in, you need to become, what that situation requires off you. It will be fine. But in the end, it's like we have to get into backup software in which we tried. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. When I'm on offense out there, I don't worry about what's going on at home at the farm because that is in a very, very tight control mode. The improvement in technology is one of the main reasons that this commercial scene is flourishing by the, Read More 10 Things You Didnt Know about Loggi CEO Fabien MendezContinue, Tableau Softwares President and CEO Mark Nelson defines Tableaus vision and supervises the companys business operations and procedures. Amp It Up, Frank, you write a lot about building culture and I think you had some issues at Snowflake when you got there. It was great and it lasted the entire duration. 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. Well, building culture is a very forceful thing. Career In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Frank Slootman - Wikitia Thanks so much for joining us inside the Ice House. Snowflake: Not What You May Think It Is - Datanami And by the way, data platforms have been extremely fragmented historically. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. The Last Of Us offers up its best episode yet, though this one diverges from the source material much more than the previous two. The perception in Holland of United States is very, and I don't want to use the word biased, that might be too strong. Once you understand relationships, you can now predict them. 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. Frank Slootman Is No Snowflake | Sequoia Capital US/Europe And if I can't predict it, I can't change my policy, I can't change my pricing." Okay, it's real easy and in engineering, they put guys on the whiteboard and they give them problems. That's the point of it. There's no doubt, I'm a total hybrid here. You really need to, look at yourself as an asset that can be applied in many, many different ways. In Amp It Up, Frank, you say that a company's mission really has to be weaponized. One company that embodies this vision is ThoughtSpot, an analytics company. And Mike, he takes on the end entire spectrum of controls and administration. But 233 years later, American, Dutch and British interests are inexorably intertwined. Right. 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. And having incredible meaning and potency and yield value for applications you never imagined. And when you're burned out, you don't regenerate anymore. Not all CEOs have this, but a lot of CEOs do. 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. The nascent liquidity of spot LNG freight markets, and the volatility of time charter rates has boosted demand for risk management tools. By the close of. He was saying during the pandemic, he's like demand was up 60% over here, down 100% over there. And I had already made a little bit of a name for myself in the company. You arrived at something like tape sucks. 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. And that is our culture. That's awesome. 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. So, they looked around and they found the guy with a passport to Dutch language proficiency like. Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. While most CEO's 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. Snowflake Inc. - Wikipedia Amping it up with Snowflake CEO Frank Slootman - SiliconANGLE I remember having a conversation with the CEO of a very large healthcare company. Everyone's watching. Now, as the story goes, England followed the Netherlands in control of Manhattan. That's not a healthy dynamic. So, because we all have our that's sell of awareness. And then by the way, I have to have that around me, because I don't like people that want to self-congratulate and do victory laps all day. 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. Obviously, that industry had moved on to all kinds of different disk space technologies. You could have a meeting in the hallway with the entire company. 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. It's lights out, light speed and then fully disintermediated and it's fully programmatic. A decade after his death, fantasy artist Frank Frazetta still towers over the pop culture landscape as new fans discover his work. We're not trying to find fault with people or who did what to whom. 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. I'm buying aptitude and then I'm going to develop that with experience, right? A lot of people think that that's possible, but there's a real limit to what salespeople can and can't do. From the library of the New York Stock Exchange, at the corner of Wall and Broad Streets in New York City, you're inside the ICE House, our podcast from Intercontinental Exchange on markets, leadership and vision in global business. Listen to this episode from This Week in Startups on Spotify. As I said, what comes around, goes around. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. But then again, there really is only one Frank Slootman, IPO master in the world. And we were babes in the wood back then. Americans are, it doesn't matter what profession they're in, they always believe they can do better. Snowflake CEO Frank Slootman made headlines with controversial comments about diversity in the workplace. I mean, it's like when people start to roll their eyes. But the issue with the acquisition, by the way, I've never sold a company in my life other than that one, so I'm not prone to selling at all. Snowflake CEO Frank Slootman Talks IPO Pop: Narrative Of Lost - Forbes But the world of backup and recovery, was dominated, as you said, by tape automation technologies. They just have such a hard time doing it because that's who they are, that's what they live for. Because he was still smarting from the fact that I left ServiceNow and he felt I left him stranded. welcome back! I look at the situation, "What does this require?" There's no doubt that the successes that we have had, our function of the combination of our respective orientations in how we come at the world. So, Frank, as we wrap up final question, and if it's a spoiler alert for Mike Scarpelli, if he's listening, Mike, you can turn off the podcast now. The IPO was the third for Dutch-born Slootman,. Over his distinguished career, Frank has mastered the process of fundraising scaling and building young companies into unicorns with the run ending eventually way back here at the corner of Wall and Broad Streets with an initial public offering. In this technological era, the field of analytics is vital as it makes it easy to access needed information without much of a hassle. As the gold auction and also, the LBMA gold price is the world's price for gold, particularly gold, which is delivered in London. Instacart Appoints Frank Slootman, Chairman And CEO Of - Insider He's a Dutchman Slootman moved to Silicon Valley in 1997. Well, they knew now. You can only sail so much, [crosstalk 00:31:19]. And Mike was still the CEO at ServiceNow at that time. So, this is not data warehousing, it's just one use case. 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. 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. Welcome back. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here?