But eventually, I returned to Holland about a year later, resumed my education. And that went on literally for years, okay? Windows 3.1 didn't even exist. And then I change myself to become that flavor of CEO. Obviously all the financial reporting, all the systems. It becomes the beating heart of a modern enterprise. I always tell my own people, "Look, I'm a piece on the chessboard, okay? We're always picking at things that could be better. I think EMC was exactly the right acquirer because they just sort of had the orientation and the scale and the intensity culturally. He says, "If I have a problem in a state like Florida, where bodily injury claims are disproportionate to surrounding states, what explains that? I mean, that's how I felt at that time, like I had no more to give. right? 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. [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]. In the early days, I want to say like the first eight to 10 years or so, were actually immensely frustrating to me because I was a strange animal, right? 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? 2023 Forbes Media LLC. 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 list of its authors can be seen in its historical. What are your God-given talents? So like, "Look, I'm not going to be doing the same races over and over again." The introduction of risk management tools for LNG freight will boost the efficiency of the virtual pipeline of LNG, a new catalyst for the liberalization of LNG and a critical milestone in the globalization of natural gas. And it's not just bad behavior, it's also good behavior. Somebody who I had known for many, many years, so at Sutter Hill Mike Speiser. In Amp It Up, Frank, you say that a company's mission really has to be weaponized. This page was last edited on 12 March 2021, at 18:12. And the product was insanely fast, completely automated. If you like what you heard, please rate us on iTunes, so other folks know where to find us. Museum Shop Hours: 9:30 am - 5 pm daily; 9:30 am - 4 pm in January and February. This is very much a country that believes things that other countries don't believe. Right? So, the earlier you show up, the better off you are. I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. People that the company really, really runs on. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. I'm a miserable golfer, but somewhere along, the 18 holes, he's like, "I'll do it, but don't leave me again." to keep connected with us, please login with your personal info. Wikitia is not affiliated to Wikimedia Foundation. We're not trying to find fault with people or who did what to whom. But one of those issues was that taken over from a founder CEO was really, really hard. 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. I mean, there's many jobs in companies and some of them are quite far removed. 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. I mean, to this day, with all the other things that we've done, I still treasured that experience greatly and it's still a very large business to this day. Career In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. 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. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? And of course, the appetite is insatiable for both technology and people that know how to make this future happen. I mean, truly retire. It's a transformation that is still going on. At the same time, that was enormous anxiety about how the company was unfolding. Engineers should have a very easy time discerning the talent, so. Not exactly like a year and a half, he'd been there for seven years. And that's exactly what we did. We tried to, we wanted to get into primary storage. And by the way, the inverse of that is what are you not good at? After joining almost at the start in 2003, Slootman helped. Now, it was actually pretty interesting because this was sort of a forerunner of a data analytics, business intelligence type of company. And I've never been able to equal that level of success with a marketing slogan. One company that embodies this vision is ThoughtSpot, an analytics company. They just said, "Look, let's re-envision, re-imagine based on the platform realities that we now have, which was the Public Cloud. The IPO was the third for Dutch-born Slootman,. And that's the American flavor and flare that has built up over three, almost four decades. Frank, how did those early experiences rising through the ranks and being sent from problem to problem help you establish the principles for success that your career would see? Don't typecast yourself." Because now, now you're going to look people in the eye, and say, "Look, this is the way we're going to be. You need to sort your issues into, "What am I going to focus on?" And it was really my wife who said, "No, no, we'll go. And that is our culture. 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. The question is, what are you going to do? But this was quickly set aside because Frank appears to walk the walk. Slootman recently spoke at the CNBC. And we publish the data transparently on our site, so anyone can come and see what actually happened in the auction. Learn how your comment data is processed. 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. I'm just, I'm fighting that tide. And people really want to be led in that manner. 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. 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." They knew exactly what we meant. 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. So, because we all have our that's sell of awareness. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. And it wasn't charged for, so companies just couldn't build software because it was just given away. So, understanding that is really important because obviously, you can't fight it off unless you understand where it's coming from. Slootman moved to Silicon Valley in 1997. He was pretty smart to use nautical expressions in that conversation, take the helm at Snowflake. I mean, it's like when people start to roll their eyes. I mean, in the book, Frank, you used the analogy of getting in the right elevator. This is really think about it as a database in the Cloud. You can only sail so much, [crosstalk 00:31:19]. They're kind of like-. And it's like, "Well, why does that matter?" No, I didn't. They sold the living hell out of that product. Right? But let's focus on another dilemma that brought up in the book, Frank. You cannot sell your way through a crappy product, okay? So, what are things that we should absolutely not ask you to do ever? And companies that have been around a long time, it's near to impossible to undo the culture. Every week there was a new bid. Fred Luddy, the founder of ServiceNow, I mean, super talented guy, obviously. He's like, "How do we run a supply chain?" Never seen the inside of an office or anything. We played a round of golf. So, I ended up going back to, I really didn't want to. You've said that you were really born in the wrong country. 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. 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. So, we started to wind down a little bit. And like, "How fast does this guy type?" The Dutch have all always been enterprising. Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . Well, that's because historically all we did was we did analytics in silo. Many in the emerging tech sector would name Frank Slootman easily because of the kind of substance he gives when he speaks. Photo by Christie Hemm Klok/The Forbes Collection. 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. 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. I mean, we were crawling the bottom in the early days, so we had a product that had marginal product market fit. Yeah, it was a good problem. 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. He knows what problems exist in his field today, and he knows how to address them as well. Everybody has access to capital. The information contained in this podcast was obtained in part from publicly available sources and not independently verified, neither ICE nor is 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. And are there any particular secrets to building a consensus around the idea of change? I mean, anecdotal observation has pretty much run its course. It is a future state that we're all working on right now. Yeah. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. 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. The ecommerce industry is one of the fastest-growing sectors, and at the moment, it features several players. I look at the situation, "What does this require?" And I say, "Stop putting labels on yourself. And in other words, what problems can I solve very quickly versus what is going to take longer to solve. But they do because the world is changing to digital and this is the essence of digital transformation. They only learn from consequences, so you got to create consequences, good and bad when things happen and things happen all day long. 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. And then of course, Michael Dell found just as attractive to bring EMC into Dell. 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. 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. So now, we're having business conversations about data. If there were one person you could sit and learn from today, who would it be? 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. Another Dutch trend setter with the Winfrey title is Frank Slootman, the chairman and CEO of Snowflake. That is the X factor in companies, but it starts with weaponizing the mission. And you can't play chess pieces in a million different ways, right? Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth . He said, "Because you guys are indicting everything I've done." I mean, all these greats, right? They always have a twinkle in their eye and they're going to do this, they're going to do that. It was super interesting to me, sort of my first encounter with American management. So, I ended up in odd places because they didn't know what to do with me. At the same time, I ended up in conversations with the lead director and investor at Snowflake. I mean, you probably have even a sense of things that you know you're not good at. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. 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. Software was barely an industry. So, it's the story, what goes around, comes around, as I said at the beginning. 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? [9] In June 2019, the company launched Snowflake Data Exchange. One of the worst, worst in the English language for me. That's a running joke that we always have. Snowflake chairman and CEO Frank Slootman on leadership and the war against mediocrity February 23, 2022 "Leading for unprecedented growth means declaring war on mediocrity, breaking the status quo, and making conflicted choices daily, all with a relentless focus on the mission," says Frank Slootman , chairman and CEO of Snowflake, one of . So, it just started to happen, but I wanted to desperately be in software at that time. I don't know what, if you go back to those days. Tell me about sailing, first of all. We are people that basically see everything that's wrong all day, and we always see a room up from where things are. Our guest was Frank Slootman, the Chairman and CEO of Snowflake. Right? The Frank Lloyd Wright (R) Suite will be accepting bookings from January 24, 2023, through March 31, 2024. . Can you explain how you overcame both to lead the company through its 2012 IPO? And then Snowflake is again, a totally different. Snowflake CEO Frank Slootman on moving the needle, win-first culture & managing burnout | E1689. So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. It wasn't long before top VCs weighed in. Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. But it's also, you attack and you cross again. I hate that. Once you start doing that, you need to take yourself out of the game. 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. You really need to, look at yourself as an asset that can be applied in many, many different ways. So, we won a lot of outraces. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. And then being able to talk about it in an intelligent, really rich-considered manner. And by the way, data platforms have been extremely fragmented historically. Most people just preside over culture. Listen to this episode from This Week in Startups on Spotify. Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. [22] In September 2019, it was ranked first on LinkedIn 's 2019 U.S. list of Top Startups. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. And you need to have the flexibility of mind to really deploy yourself. 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. They're high anxiety, they're entrepreneurs, they're CEO, and sort of getting a very unvarnished view, inside view from a fellow traveler. Right? Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. They did not try to carry technology or ways of thinking forward. 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. So after a while, it's like, "Okay, we've done enough of this." I'm in New York. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. I mean, it's a hell of a cash burner as well. 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. You can't help but run into Dutch people everywhere because they have such a small country. After all, he has experience on his side. Others might say that hes completely brash. At 61 years old, Slootman has created quite the reputation for himself. And after a while it's like, "Look, I can't do one-on-one meetings with a million people. 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? Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. And of course, people chuckled because they recognized it. 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. It pays a lot to be in the business of knowing what you do, and Slootman knows more than the rest of us when it comes to money, the market, and the software industry. Much like how he runs his companies, Slootman is always direct in his speeches. I mean, that's how aligned this is, okay? We just never backed off of it. Everything in our world starts with technology, starts with architecture, okay? And obviously, I got that in spades at UN Royal in Indiana. As we're recording this in early 2022, the competition for talent has reached a boiling point. 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.. They're very lonely in their jobs. And did you have a sense that the sector was really about to explode? And that's all coming up right after this. Things will change in ways you cannot even imagine the ideas that happen. 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. Look, I'm not a certain type of CEO. I mean, the results speak for themselves. 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. Well, you think you're just going to turn it off? So, I just had some peripheral view of the company, as well as its strategic challenges, by the way. 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. 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. What is the core of your being, right? 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. It's like it's full of feedback. The liberalization of LNG is creating a global natural gas market, with freight acting as a virtual pipeline between continents. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." Read More 10 Things You Didnt Know About Paul StovellContinue. I can't get you aptitude. Africas largest economy is in the early stages of a monetary experiment that could be coming to the U.S. sooner than you think. Frank Horvat helped elevate fashion photography into high art, and with his thoughtful photographs, changed how we look at fashion altogether. When I was at Data Domain, hell, we were 15 people when I joined there. Not all CEOs have this, but a lot of CEOs do. They're kind of like whine and bitch all day. Obviously, that required even more resources, so we really had the strategic dilemma that we couldn't grow beyond our core market. As I said, what comes around, goes around. Snowflake now has Frank Slootman as chairman and CEO. All of us, no exceptions." I was a huge fan coming here. 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. When we first came in there, it was a very, very anxiety-ridden ride in the early days.
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