frank slootman house frank slootman house

Presiding is the worst word. What is the core of your being, right? Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. We were entertainment for Wall Street for a six-week period. And if I can't predict it, I can't change my policy, I can't change my pricing." 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. Obviously, that industry had moved on to all kinds of different disk space technologies. Our guest today, Frank Slootman is chairman and CEO of Snowflake. Another Dutch trend setter with the Winfrey title is Frank Slootman, the chairman and CEO of Snowflake. And for our audience who may not remember the days of tape backups, can you explain the underlying concept that you grew from two men and a dog into a multibillion dollar business? But yeah, where the inspiration comes from, we've had three very successful companies in a row, so you get barraged by requests for, "Hey, can you explain to us what the secret sauce is? And in other words, I was already negotiating Mike's package before I had joined ServiceNow. 951 Chicago Ave., Oak Park, IL 60302. I mean, what drove you to move on? In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. In Amp It Up, Frank, you say that a company's mission really has to be weaponized. Never heard of that company." Don't typecast yourself." They also appreciate it. The interesting thing about data domain was it was very, very slow going. I remember having a conversation with the CEO of a very large healthcare company. And for example, when I joined Unysis, I ended up in a corporate planning role. 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. 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. Slootman may be someone you wouldnt be comfortable sitting face-to-face with, but hes definitely someone you can listen to in a room full of people. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. At the same time, I ended up in conversations with the lead director and investor at Snowflake. The IPO was the third for Slootman, who moved to California for a job at Compuware in the dot-com boom, then worked at Borland Software. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. Now, what that does the weaponizing, what that does is we block everything else out. Right? 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. 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. Those are just markets, but culture is how you get up in the morning and how you prosecute your day, so it is a huge deal. So, this is not data warehousing, it's just one use case. So, she talked me into it because I was on the verge of saying, "Look, I'm not going back there." I can just blow a year on doing some other stuff that's interesting." In other words, you got to really mean it, okay? Right? Slootman knows exactly what hes doing. CEO Frank Slootman made $287,990 in salary in 2019. Most people just preside over culture. 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. That takes very different approaches, orientation, skill sets, and so on what you do. But your culture is the only thing that's really unique to you and everything else is up for grab for anybody else. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." It's just, it's hard not to be acquainted at some level with that culture. 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. But the essence of what I'm getting when I hire you is what you're innately good at. And I had already made a little bit of a name for myself in the company. While that is probably not, my temperament is not terribly well-suited for those types of jobs. All of which is presented solely for informational and educational purposes. We don't preside, okay? This is kind of the pattern that ICE has seen through how different markets have developed, but normally that takes 10 years, whereas actually, it's taken 10 weeks in the auction. Slootman said diversity comes second when making . 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. 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. People that the company really, really runs on. We wanted to buy technology from, what at that time was Veritas, Convo, companies that are still around, because then we could really address the, the functional scale and scope off our platform. But then, there's new platforms in terms of the Public Clouds, right? They want to know what good behavior is. And Americans always think that there's an easy answer to these questions. And it's just, it's intoxicating that energy. What's your advice about someone climbing the corporate ladder looking to make that leap? And it's very rare to create that kind of value. I'm in New York. 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. Frank shares the secrets of his success, the leadership principles that guide him, and what hes learned along the way. Better, better all the time. You have to have data to partial reality, right? Right? Everybody has access to talent. Wikitia is not affiliated to Wikimedia Foundation. You can only sail so much, [crosstalk 00:31:19]. Where does a CEO Frank find time to write two books back-to-back and what was the inspiration for Amp It Up? Yeah, yeah. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. So, I ended up in odd places because they didn't know what to do with me. 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. And then Snowflake is again, a totally different. This site uses Akismet to reduce spam. And you got to go back to the early days of Steve Jobs, who always had this glimmer of, "I'm going to do something insanely great." 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. So, I really lift that cross and the chasm dynamic. But you dont achieve a $1.8 billion net worth by being a spendthrift. When we first came in there, it was a very, very anxiety-ridden ride in the early days. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. When I was at Data Domain, hell, we were 15 people when I joined there. Snowflake now has Frank Slootman as chairman and CEO. We now use consumption models instead of subscription models. Brady is a great example, but Joe Montana was that way and they all craved that energy, that excitement, that intensity, they can't let it go. 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. They're very far removed from the drive train. But yeah, aptitude is really about, what are you innately good at? On stacking, all of a sudden, your boat left behind and you go like, "Oh, my God," so because it's very hard to get ahead on an upwind leg, right? I'm Josh King, your host, signing off from the library of the New York Stock Exchange. Everyone's watching. And obviously, I got that in spades at UN Royal in Indiana. Amp It Up, Frank, you write a lot about building culture and I think you had some issues at Snowflake when you got there. How does having who's worked closely with you for years help you accomplish your goals of hyper growth without losing focus? I mean, all these greats, right? Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. It's like it's full of feedback. I always tell my own people, "Look, I'm a piece on the chessboard, okay? 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. Quick digression. That's where we're at right now. I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. And the whole point of the book is I try to contrast these experiences, like look, they're not the same. Once you start doing that, you need to take yourself out of the game. This is a country that's very aspirational. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. Slootman has become somewhat of a business hero for many people, myself included. Now, most organizations are incredibly in up still in terms of their data promise. So, we started to wind down a little bit. 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? But it's also, you attack and you cross again. 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. People naturally become very unfocused, very, very easily. It's not just a scale. 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. 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. Right. Learned an awful lot in that period of time. What attracted you to the space? 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. Frank Lloyd Wright designed some 14 buildings for Japan: an embassy, a school, two hotels and a temporary hotel annex, a commercial-residential complex, a theater, an official residence for the prime minister and six private residences. Helping women become better in negotiation is an urgent and essential task for organizations and individuals. He cuts back where he sees fit. I was a huge fan coming here. So, they looked around and they found the guy with a passport to Dutch language proficiency like. Amp It Up, published a scant of 13 months after the Rise of the Data Cloud, which you wrote with Steve Hamm. 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. We cannot just read our emails and have a few phone conversations and know what's going on. 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. That's NYSE ticker symbol S-N-O-W or snow who, like the immigrant inhabitants of New Amsterdam more than two centuries ago, has proven himself a master entrepreneur and visionary leader, able to take a great idea and scale it massively, and then apply the same playbook again and again. If it's not related to our core mission, we don't want to hear about it. It's always hard when you come in as a CEO and you have to follow a founder because the founder almost has mythical status in the organization. The eight blocks of the street run from Broadway in the west to the East River in the east. 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. In short, money talks, and Slootmans got it in his hands and in his mouth. I mean, it was just trying to stay alive. Frank Slootman joins Jason for another incredible conversation that ranges from the management shift in Silicon Valley (1:08) to how to know if you're moving the dial in your organization (9:59). Here's your host, Josh King of Intercontinental Exchange. 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. When you get that sensation, you do need to leave because you're no longer the right person for that situation. Architecturally, just damn near perfect, so. Museum Shop Hours: 9:30 am - 5 pm daily; 9:30 am - 4 pm in January and February. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. No databases of scale and no file systems with scale. And my email just dribbled down to nothing and all this kind of thing." Here's why this makes sense while looking at some options. 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. At 61 years old, Slootman has created quite the reputation for himself. And the other thing I'll say is we maintain a very, what we call a malcontent attitude. It's not that easy. And I was like completely taken aback because there not a single thread thinking about that, considering that, considering any role of any sorts. He said, "Because you guys are indicting everything I've done." I mean, we had like 15X, the X of the next nearest competitor. 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. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. This is a very buoyant country. It's up to 79% of the volume has gone cleared. And that is our culture. 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. Okay. And people really want to be led in that manner. 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. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. Information contained in this podcast was obtained in part from publicly available sources, and not independently verified. I mean, that's how aligned this is, okay? They want to know what bad behavior is. Those are the people that are right there, where the people that bring home the bacon, there when the shit hits the fan. So, I just had some peripheral view of the company, as well as its strategic challenges, by the way. It's like, "That's not exciting." The Last Of Us offers up its best episode yet, though this one diverges from the source material much more than the previous two. I need to know what that is. Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. 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. Including his options, Slootman owns about 10% of Snowflake. At some point, we were going to get stunted in our growth. I'm on the phone with customers every day. And we feel the consequences of our actions every minute of the day. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . 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. Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. Yeah, it was a good problem. 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. No. And Mike was still the CEO at ServiceNow at that time. Now, we're going to go move the pieces and I'm just a piece on the chessboard." The book accounts his time in Data Domain and so much more. And people are, are mesmerized by Snowflake results because they don't quite understand, where is this coming from? But you mentioned this earlier, it isn't really what happened. Can you explain how you overcame both to lead the company through its 2012 IPO? So in other words, I did not accept the Snowflake role until, Mike said, "I'm coming along.". This is probably the biggest understatement of the year. And then, I had another internship after that. Good sales people have a track record. 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. 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. Collaboration between companies also offers significant opportunities to create value, and Frank Slootman - Chairman and CEO of data cloud pioneer Snowflake - believes it has never been more important for organizations to be able to mobilize their data and share it with ecosystem partners. At the same time, that was enormous anxiety about how the company was unfolding. His company's listing here at the NYC in September 2020 was the largest software IPO in the history of the US capital markets. Because that's what it is. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. A compensation package he received upon joining Snowflake in April 2019 awards him a. Frank Slootman - Narrow the Focus, Increase the Quality - [In You cannot sell your way through a crappy product, okay? It becomes the beating heart of a modern enterprise. And it worked like that for about a hundred years. Its a positive outlook for Snowflake, and its a bright signal for investors to really pay attention to this company now before its too late. And the term BI had not even been invented back then. Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. The post 'Summer House' star Danielle Olivera gets emotional talking about Robert . And when you buy companies, it gets worse, right? You could have a meeting in the hallway with the entire company. 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. Right? And that's our conversation for this week. Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster initial public offering (IPO). It was just like Formula 1 of sailboat racing. So, I did. I just have been in the line of fire too long. And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. If there were one person you could sit and learn from today, who would it be? I often refer to those people as passengers and then, they're the drivers. 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. And that's all coming up right after this. But eventually, I returned to Holland about a year later, resumed my education. Bunkers is basically a silo that's incredibly hard to access. 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. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. I think EMC was exactly the right acquirer because they just sort of had the orientation and the scale and the intensity culturally. And he always talked about Snowflake because it was a very exciting company to him and I didn't know that much about it, but enough to have a conversation. When you run companies, you need to narrow the plane of attack very, very quickly. But he had also been the CEO of ServiceNow for seven years. Frank Slootman, Snowflake CEO, joins 'Closing Bell: Overtime' to discuss the company as shares slump on weak guidance following Wednesday's earnings report. 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 made headlines with controversial comments about diversity in the workplace. Company still around, by the way. Let's go." I mean, the results speak for themselves. Fred Luddy, the founder of ServiceNow, I mean, super talented guy, obviously. ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. New competitors, new partner ecosystems, so it was like, "Wow, this is the future." The 61-year old Dutch executive's first CEO job was at an early-stage startup called Data Domain that made specialized storage hardware.