Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . In other words, they kind of let it happen. Amp It Up: Snowflake boss pens hands-on CEO toolkit But in the end, it's like we have to get into backup software in which we tried. How Much Snowflake CEO Frank Slootman Made in 2019 - Business Insider Data Domain went public in 2007, but two years later acquired by EMC, in my home state of Massachusetts. So, we were just picking over use cases here and there to sort of stay alive in the early days. I hate to break it to the audience, but that is the way that it is. The post 'Summer House' star Danielle Olivera gets emotional talking about Robert . I don't know what, if you go back to those days. The book accounts his time in Data Domain and so much more. Snowflake CEO Frank Slootman Profile - Business Insider Okay, it's real easy and in engineering, they put guys on the whiteboard and they give them problems. And are there any particular secrets to building a consensus around the idea of change? Snowflake CEO collects a $95 million payout every month 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. I'm Josh King, your host, signing off from the library of the New York Stock Exchange. He cuts back where he sees fit. Obviously, that required even more resources, so we really had the strategic dilemma that we couldn't grow beyond our core market. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. When you run companies, you need to narrow the plane of attack very, very quickly. 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. There's no doubt, I'm a total hybrid here. At 61 years old, Slootman has created quite the reputation for himself. You ever noticed that NFL quarterbacks just can't leave the stage. 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. It was originally known in Dutch as de Waalstraat when it was part of new Amsterdam in the 17th Century, an actual wall existed on the street from 1685 to 1699, protecting the early entrepreneurs and fur traders of Fort Amsterdam from encroachment from the north. What are your God-given talents? 951 Chicago Ave., Oak Park, IL 60302. After all, he has experience on his side. 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. What is the core of your being, right? Frank Slootman - The Montgomery Summit Frank Slootman Wiki, Biography, Age, Spouse, Net Worth, Fast Facts 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. 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. I really had to change from being an individual contributor or a small team leader to somebody who runs organizations. It's hard to get off of that. The good thing is you dont have to actually sit in with Slootman to get his lessons. 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. And you can take it or leave it and try it on for size and see if you like it." 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. So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. He was pretty smart to use nautical expressions in that conversation, take the helm at Snowflake. Snowflake IPO: Everything you need to know | Fortune I mean, in the book, Frank, you used the analogy of getting in the right elevator. And obviously that is not the best way to go about things because that's just one man's opinion against another, right? Scale is definitely a problem because you get layers and layers and you got the problem of having tons of passengers on the boat, all these types of issues. They knew exactly what we meant. Look, I'm not a certain type of CEO. Snowflake CEO Frank Slootman made headlines with controversial comments about diversity in the workplace. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,. In other words, "How fast does this might work?" If you want to know more about this CEO, this might be the book to read. And when you buy companies, it gets worse, right? I mean, the results speak for themselves. Given his accolades, Slootman gets invited to speak at many events. Now, we're going to go move the pieces and I'm just a piece on the chessboard." Snowflake CEO Frank Slootman Wrote the Playbook on How to Amp It Up Meaning that we would run something like Tableau on top of Salesforce or whatever. But the world of backup and recovery, was dominated, as you said, by tape automation technologies. JP Morgan paid $175 million for a startup it believes it was conned into buying. They also appreciate it. We will talk to you next week. That culture really keeps you safe from being indulgent or just, you're sort of presiding. BUILDINGS. 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. Some portions of the proceeding conversation may have been edited for the purpose of length or clarity. We cannot just read our emails and have a few phone conversations and know what's going on. And that went on literally for years, okay? Well, that's because historically all we did was we did analytics in silo. Listen to this episode from This Week in Startups on Spotify. So, understanding that is really important because obviously, you can't fight it off unless you understand where it's coming from. 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. And the reason that I found it so interesting is technology was mesmerizing. 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. Once you understand relationships, you can now predict them. It is data operations from the most transactional to the most analytical and everything in between, so. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. 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? At the same time, I ended up in conversations with the lead director and investor at Snowflake. Good sales people have a track record. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. He's a pretty good golfer. They just have such a hard time doing it because that's who they are, that's what they live for. 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. What kind of people fail here and why?" 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. One company that embodies this vision is ThoughtSpot, an analytics company. The company is a fintech firm that helps companies automate their deployments with unique software solutions for business. Don't typecast yourself." 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. Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 Property data website for assessments, data, and owners. You hit a mark, you have to do two 360s. They sold the living hell out of that product. That's not a healthy dynamic. 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. Not all CEOs have this, but a lot of CEOs do. The dream drivers that have made the NYSE an indispensable institution of global growth for over 225 years. 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 over time, we overcame that because we were laser focused on making the product bigger and faster every year. 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. Are you just going to look the other way or are you going to call it out? But the essence of what I'm getting when I hire you is what you're innately good at. 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. 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. This property is owned by Frank & Brenda Slootman. It's just our nature to talk about problems." I look at the situation, "What does this require?" These days, a lot of folks take it for granted, but Wall Street has a fascinating history. You're no longer using data to basically please a bunch of eyeballs, like, "Hope you like it. Museum Shop Hours: 9:30 am - 5 pm daily; 9:30 am - 4 pm in January and February. Our guest was Frank Slootman, the Chairman and CEO of Snowflake. So, I ended up going back to, I really didn't want to. The list of its authors can be seen in its historical. It takes nothing. Our guest today, Frank Slootman is chairman and CEO of Snowflake. Insurance companies historically have not been because they are data companies by their essence, right? Others might say that hes completely brash. I'm curious, how that opportunity at Data Domain came to you? For example, he made a few changes at Snowflake when he became CEO. The. And I've never been able to equal that level of success with a marketing slogan. After joining almost at the start in 2003, Slootman helped. And you need to have the flexibility of mind to really deploy yourself. Yeah, it was a good problem. A lot of people think that that's possible, but there's a real limit to what salespeople can and can't do. And then I change myself to become that flavor of CEO. Many in the emerging tech sector would name Frank Slootman easily because of the kind of substance he gives when he speaks. Snowflake: Not What You May Think It Is - Datanami So, what are things that we should absolutely not ask you to do ever? 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." And that's the American flavor and flare that has built up over three, almost four decades. I'm in New York. So, they looked around and they found the guy with a passport to Dutch language proficiency like. 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. 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. The liberalization of LNG is creating a global natural gas market, with freight acting as a virtual pipeline between continents. The eight blocks of the street run from Broadway in the west to the East River in the east. You've said that you were really born in the wrong country. I only think about now and what I'm doing today. An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. But this was quickly set aside because Frank appears to walk the walk. They're very well dialed into it. 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. 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. 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. At some point, we were going to get stunted in our growth. Information contained in this podcast was obtained in part from publicly available sources, and not independently verified. [22] In September 2019, it was ranked first on LinkedIn 's 2019 U.S. list of Top Startups. Whereas in business, it often takes so much longer to be confronted with the consequences of your actions and some people don't-. Did you find it difficult to change Snowflake's established culture? 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. Welcome back. Learned an awful lot in that period of time. But he had also been the CEO of ServiceNow for seven years. So in hindsight, I understood that I was just burned out, classic burned out. Slootman moved to Silicon Valley in 1997. Now, as the story goes, England followed the Netherlands in control of Manhattan. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. Frank Slootman - Topp podcast avsnitt The 61-year old Dutch executive's first CEO job was at an early-stage startup called Data Domain that made specialized storage hardware. When I was at ServiceNow, Fred Luddy, the founder, he said to me, at one point, "I really don't want to come to the staff meetings anymore." Reflects change since 5 pm ET of prior trading day. But you think that your upbringing in the Netherlands gave you a unique perspective on business and success, that's helped you throughout your career? I'm on the phone with customers every day. And I was like completely taken aback because there not a single thread thinking about that, considering that, considering any role of any sorts. You need to be invested in the moment, in the present, rather than I'm thinking about my next move. 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. Chiefs defensive lineman Chris Jones recorded his first sacks of his postseason career in a redemptive victory, and his linemate Frank Clark stepped up in the playoffs once again. I mean, that's how aligned this is, okay? I just have been in the line of fire too long. Because when all the energy and all the quality of resources is fully concentrated on the mission, that's pure magic, okay? 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. So, the earlier you show up, the better off you are. This site uses Akismet to reduce spam. Snowflake CEO Frank Slootman on Covid and remote work adoption - CNBC SAN MATEO, CA - May 1, 2019 - Snowflake Inc., the only data warehouse built for the cloud, today appointed Frank Slootman as its Chairman and Chief Executive Officer.Former CEO, Bob Muglia, has left the company after leading Snowflake through five years of unprecedented growth. Slootmans style of leadership is not gentle at all. By the way, our two largest competitors were both bidding for the company at the same time. 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. You speak the language, like we do, but there is something different about you." You need to sort your issues into, "What am I going to focus on?" 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). Everyone's watching. We were going to do the world of favor.". Yeah, yeah. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. Africas largest economy is in the early stages of a monetary experiment that could be coming to the U.S. sooner than you think. You can only sail so much, [crosstalk 00:31:19]. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? And of course, people chuckled because they recognized it. Early days of ServiceNow was just jungle fighting. 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. And Americans always think that there's an easy answer to these questions. A term that gets used a little bit too much in too many places. Snowflake CEO Frank Slootman: How To Boost Growth And Drive Meaningful You arrived at something like tape sucks. The former Frank CEO said JP Morgan had full knowledge of Franks customer data before the acquisitionand Chairman Jamie Dimon personally pushed for it to happen. People who have seen sort of the ticker symbol of Snowflake pass their eyes on CNBC and see how its companies perform and say like, "What is that company with the name after falling snow from the sky?" And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. I mean, that's how I felt at that time, like I had no more to give. In the book, I go on and on about what some of those issues are. 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. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. In this technological era, the field of analytics is vital as it makes it easy to access needed information without much of a hassle. We are people that basically see everything that's wrong all day, and we always see a room up from where things are. And that's a whole different deal. Never heard of that company." 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. So, it was an incredible trial by fire. 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 has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. 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. His company's listing here at the NYC in September 2020 was the largest software IPO in the history of the US capital markets. We added sort of network replication disaster recovery, a whole bunch of adjacencies to it. But I was now really primed at that point, in terms of, I knew a lot more, about what it was like to be in the US.