In other words, "How fast does this might work?" Others might say that hes completely brash. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. Did you find it difficult to change Snowflake's established culture? Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. It wasn't, and the company wasn't failing financially on its growth objectives. It's like it's full of feedback. But he had also been the CEO of ServiceNow for seven years. It's lights out, light speed and then fully disintermediated and it's fully programmatic. And after a while it's like, "Look, I can't do one-on-one meetings with a million people. 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. But 233 years later, American, Dutch and British interests are inexorably intertwined. Correct, correct. 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. 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. 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. The nascent liquidity of spot LNG freight markets, and the volatility of time charter rates has boosted demand for risk management tools. 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. Frank Slootman has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. And you can take it or leave it and try it on for size and see if you like it." 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." Amp It Up, Frank, you write a lot about building culture and I think you had some issues at Snowflake when you got there. But yeah, aptitude is really about, what are you innately good at? Make it as easy as I could make it. It's really every leader in the organization needs to internalize and then, want to act on it. It's not just a scale. 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. And you need to have the flexibility of mind to really deploy yourself. You just get into this cycle where all you want to do is leave. And we were babes in the wood back then. 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. The Frank Lloyd Wright Suite at This Tokyo Hotel Is a Midcentury Modern Then, they discuss Frank's hiring philosophy and how to create a winning relationship between an executive and their direct reports . Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. After all, he has experience on his side. 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. Software was barely an industry. 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'm a miserable golfer, but somewhere along, the 18 holes, he's like, "I'll do it, but don't leave me again." We just never backed off of it. What you're doing now is doing pretty good, so keep yourself in the game, Frank. Who is Snowflake CEO Frank Slootman? | The US Sun Snowflake CEO Frank Slootman Leading for Hypergrowth 2,637 views Jan 15, 2022 Frank Slootman is an American billionaire businessman, individual investor, technology executive, and the. If you like what you heard, please rate us on iTunes, so other folks know where to find us. 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. They want to know what bad behavior is. Where does a CEO Frank find time to write two books back-to-back and what was the inspiration for Amp It Up? And I say, "Stop putting labels on yourself. 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. [22] In September 2019, it was ranked first on LinkedIn 's 2019 U.S. list of Top Startups. A decade after his death, fantasy artist Frank Frazetta still towers over the pop culture landscape as new fans discover his work. New competitors, new partner ecosystems, so it was like, "Wow, this is the future." 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. Data Domain was really an interesting company. Information contained in this podcast was obtained in part from publicly available sources, and not independently verified. Okay. You come with aptitude. It was small, it was slow. They sold the living hell out of that product. And we feel the consequences of our actions every minute of the day. 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? Learned an awful lot in that period of time. If it's not related to our core mission, we don't want to hear about it. But now, and the influence of data science, we really have to interrogate data regardless of its silo boundaries. That's really what you want to preserve rather than layers and layers and layers and channels of communication. Better, better all the time. I'm like, "We're not trying to indict what you've done. We left off before the break with your decision to literally set sail after 33 years of a career that took you all over the globe, including bringing two companies public. Not exactly like a year and a half, he'd been there for seven years. Snowflake CEO Frank Slootman on moving the needle, win-first - Spotify 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. [23] 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. Now, what that does the weaponizing, what that does is we block everything else out. Check out the subtleties of his Wikipedia below. The pandemic has. 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. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? Much like how he runs his companies, Slootman is always direct in his speeches. And how that allowed him to grow Snowflake into the biggest software IPO ever, and how. Snowflake CEO Frank Slootman Talks IPO Pop: Narrative Of Lost - Forbes And it's like, "Well, why does that matter?" The founder brings you in to scale up the company, but finds it difficult to step aside. That's why they're big in banking and insurance and distribution and logistics. And everybody was like, "Who's Data Domain? Frank Slootman currently serves as Chairman and CEO at Snowflake. Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. He said, "Because you guys are indicting everything I've done." By the way, everything he did had to be insanely great because he just couldn't get out of bed if it wasn't insanely great. Now, we're going to go move the pieces and I'm just a piece on the chessboard." We had this very high profile bidding war between the EMC and NetApp at that time. 5.9% of any company is a huge deal. CEO of year's hottest IPO focuses on one 'incredibly hard' question - CNBC Yeah, yeah. 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. 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. 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." 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? What took you back to the Netherlands at one point? The perception in Holland of United States is very, and I don't want to use the word biased, that might be too strong. 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. Tour Hours: 10 am - 4 pm daily; 10 am - 3 pm in January and February. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. Can you explain how you overcame both to lead the company through its 2012 IPO? And if I can't predict it, I can't change my policy, I can't change my pricing." If there were one person you could sit and learn from today, who would it be? Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. And rightfully so, by the way, because they have created something, right?. Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth . You can only sail so much, [crosstalk 00:31:19]. Yeah, in some areas it's easier than others, and in sales, we can just look at what people have done the past. 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. Now, amid an ongoing legal battle, its got to clean up a very public mess. Because that's what it is. You're finding the best sailors in the world and all of that. He published a book in 2011 called Tape Sucks. And now, I feel like I'm being haunted, by this Dutch thing, this cloud that's hanging over me." This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. But let's focus on another dilemma that brought up in the book, Frank. And historically, people have tried to answer these questions anecdotally. Frank Slootman - Narrow the Focus, Increase the Quality - [In You hit a mark, you have to do two 360s. It's just our nature to talk about problems." An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. 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. Snowflake CEO Frank Slootman on Covid and remote work adoption - CNBC Because if I sailed before, I always felt guilty because I was doing something that wasn't the company and now, I was completely free of guilt because it was my own time, my own money, et cetera and it was great. Whereas in business, it often takes so much longer to be confronted with the consequences of your actions and some people don't-. Because, and this is another important observation, I think. 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. Leone took Luddy on a host of interviews. 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. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. 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. Frank Lloyd Wright Home and Studio. A term that gets used a little bit too much in too many places. And by the way, data platforms have been extremely fragmented historically. And I was like completely taken aback because there not a single thread thinking about that, considering that, considering any role of any sorts. So like, "Look, I'm not going to be doing the same races over and over again." He says, "If I have a problem in a state like Florida, where bodily injury claims are disproportionate to surrounding states, what explains that? And then being able to talk about it in an intelligent, really rich-considered manner. It's just, it's hard not to be acquainted at some level with that culture. I'm buying aptitude and then I'm going to develop that with experience, right? For example, he made a few changes at Snowflake when he became CEO. 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 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. Snowflake moves executive office from California to Bozeman, Montana - CNBC But the problem with tape was, I mean, tape got lost, tape became unreadable. I mean, it's hard to believe at this day and age that things were that way back then, but they were. I'm just, I'm fighting that tide. Slootman knows exactly what hes doing. That is the X factor in companies, but it starts with weaponizing the mission. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. Because now you're buying somebody else's culture. [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,. This property is owned by Frank & Brenda Slootman. And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. So, she talked me into it because I was on the verge of saying, "Look, I'm not going back there." welcome back! And that is our culture. I mean, the only thing that energizes people and teams and organizations and companies as a whole is the mission. And companies that have been around a long time, it's near to impossible to undo the culture. Yeah. People were looking at my credentials. They're very far removed from the drive train. And of course, people chuckled because they recognized it. In Amp It Up, you're pretty open about the struggles the company faced in its business and leadership. So, I did. I'm the opposite. Everyone's watching. Because, if I can't explain it, then I can't predict it. They're very safe. I don't know what, if you go back to those days. 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 . Company still around, by the way. 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. I can't get you aptitude. We tried to, we wanted to get into primary storage. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. It's very hard. While that is probably not, my temperament is not terribly well-suited for those types of jobs. Okay? We cannot just read our emails and have a few phone conversations and know what's going on. Every week there was a new bid. 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. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. CEO Frank Slootman (second row, fourth from left) and the Snowflake team virtually rang the opening . And in other words, what problems can I solve very quickly versus what is going to take longer to solve. And then Snowflake is again, a totally different. It's not that easy. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. Mar 11, 2021, 11:30 ET. We don't preside, okay? Okay, it's real easy and in engineering, they put guys on the whiteboard and they give them problems. 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. Obviously, that required even more resources, so we really had the strategic dilemma that we couldn't grow beyond our core market. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. Blackstone Announces Appointment of Frank Slootman, Chairman and CEO of Frank Slootman - The Montgomery Summit Meaning that we would run something like Tableau on top of Salesforce or whatever. And then obviously, a business that was at a sense of itself, of its product lifecycle, which has its own unique set of challenges. 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. 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. Because he was still smarting from the fact that I left ServiceNow and he felt I left him stranded. You arrived at something like tape sucks. Tej, Read More 10 Things You Didnt Know about Tej VirkContinue. There's new business models. 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. 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." No, I didn't. As the gold auction and also, the LBMA gold price is the world's price for gold, particularly gold, which is delivered in London. And that's a whole different deal. I mean, that's how aligned this is, okay? 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 the reason that I found it so interesting is technology was mesmerizing. Who can solve what set of issues, right? This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. You want to be that person, okay? The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. So, the earlier you show up, the better off you are. Instead, hes got something equally as coola sailing boat named The Invisible Hand. And Frank, while you were getting your degree from the Netherland School of Economics, you came to the US for an internship with UN Royal and returned after graduating to get a job at Burroughs, which is now Unysis and ticker symbol, UIS. One company that embodies this vision is ThoughtSpot, an analytics company. Frank Slootman - Topp podcast avsnitt So, we're going to be in the middle of that. At 61 years old, Slootman has created quite the reputation for himself. I mean, what drove you to move on? Now, I might be a big piece on the chessboard as the CEO of the company, but that's really how you want to think about it. I only think about now and what I'm doing today. Make the connection to a global natural gas market at ICE, get started with ICE LNG freight futures today. It became very meaningful to them. 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. Well, that's because historically all we did was we did analytics in silo. And when you're burned out, you don't regenerate anymore. Why did you give up the helm of the invisible hand for this new role with Snowflake? 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. The IPO was the third for Dutch-born Slootman,. How does having who's worked closely with you for years help you accomplish your goals of hyper growth without losing focus? And like, "How fast does this guy type?" That's the point of it. And it worked like that for about a hundred years. Tell me about sailing, first of all. CEO Frank Slootman made $287,990 in salary in 2019. 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. Right, you got a good point. [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. The ambitions that happen, the boldness that happens as a result of that, that becomes the magic. Everybody has access to capital. 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. 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. The ecommerce industry is one of the fastest-growing sectors, and at the moment, it features several players. 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. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. 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. Well, that's another thing I don't think about that. It's hard to get off of that. The eight blocks of the street run from Broadway in the west to the East River in the east. And essentially, he defends. What is the core of your being, right? Insurance companies historically have not been because they are data companies by their essence, right? 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. He's like, "How do we run a supply chain?" When you run companies, you need to narrow the plane of attack very, very quickly. And Brett Favre was that way. If you like what you heard, please rate us on iTunes, so other folks know where to find us. I'm curious, how that opportunity at Data Domain came to you? Give me that train wreck. I'm on the phone with customers every day. 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. What's the silver bullet? And then George Washington was sworn in as the first President of the United States, just a few feet from the front door of the NYSE on April 30th 1789. 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? I mean, we lived in absolute terror. Our guest was Frank Slootman, the Chairman and CEO of Snowflake. Back then, there were hardly any software companies around. In this technological era, the field of analytics is vital as it makes it easy to access needed information without much of a hassle. 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? But you dont achieve a $1.8 billion net worth by being a spendthrift. He cancelled the luxurious annual employee ski trip to Tahoe. In other words, they kind of let it happen. And I talk about that in the book, because again, there's observations, maybe even lessons that can be extracted from what happens when you're in a crowded field and you're trying to separate yourself from the pack. Things will change in ways you cannot even imagine the ideas that happen. Once you start doing that, you need to take yourself out of the game. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. And there were many, many players in that segment, by the way.

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