I mean, anecdotal observation has pretty much run its course. Whatever he learned from school is probably what we should all learn. And by the way, the inverse of that is what are you not good at? It's like it's full of feedback. If there were one person you could sit and learn from today, who would it be? And I had already made a little bit of a name for myself in the company. The biggest guess is that Frank Slootman simply had the track record for having previously taken data storage companies successfully out of trouble and into the future. 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 naturally become very unfocused, very, very easily. Amp It Up, published a scant of 13 months after the Rise of the Data Cloud, which you wrote with Steve Hamm. I was just shot. Data Domain went public in 2007, but two years later acquired by EMC, in my home state of Massachusetts. And it was difficult for him to sort of hand over the reins, but the investors in the company convinced him that, "Look, we think that this is needed," because the company was growing well. It's lights out, light speed and then fully disintermediated and it's fully programmatic. The Frank Lloyd Wright (R) Suite will be accepting bookings from January 24, 2023, through March 31, 2024. . So, a book becomes highly scalable way of really creating some well-curated observations around "Look, here's what we believe to be true about the trajectory that we've been on. And by the way, for most people, that's a very difficult question.
Amping it up with Snowflake CEO Frank Slootman - SiliconANGLE Early days of ServiceNow was just jungle fighting. Volumes have increased and they've pretty much more than doubled, and we've actually nearly tripled the number of participants that we have as well. At the same time, I ended up in conversations with the lead director and investor at Snowflake. Yeah, it was a good problem.
Snowflake CEO Slootman Scores IPO Hat Trick With Big Bet on Data I can just blow a year on doing some other stuff that's interesting." Architecturally, just damn near perfect, so. He's like, "How do we run a supply chain?" Our show is produced by Pete Asch, with assistance from Stephan Capriles, Ian Wolf, and Ken Abel. 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. Now, it was actually pretty interesting because this was sort of a forerunner of a data analytics, business intelligence type of company. And Mike was still the CEO at ServiceNow at that time. CEO Frank Slootman made $287,990 in salary in 2019. I mean, you probably have even a sense of things that you know you're not good at. I'm buying aptitude and then I'm going to develop that with experience, right? I mean, all these greats, right? Snowflake is Slootmans third IPO. Because when all the energy and all the quality of resources is fully concentrated on the mission, that's pure magic, okay? You can only sail so much, [crosstalk 00:31:19]. welcome back! But this whole Snowflake exercise could have turned out dramatically different, the CEO says, if the founders had pursued their original premise for what the company should be. But if you're performing at Tom Brady's level, you have no reason to step aside. Welcome back.
Snowflake CEO Frank Slootman: How To Boost Growth And Drive Meaningful By the way, our two largest competitors were both bidding for the company at the same time.
CEO of year's hottest IPO focuses on one 'incredibly hard' question - CNBC Tej, Read More 10 Things You Didnt Know about Tej VirkContinue. And you can take it or leave it and try it on for size and see if you like it." Take our own company, Intercontinental Exchange, for example. That's the point of it. It's very hard. And I've never been able to equal that level of success with a marketing slogan. You want to be that person, okay? 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? We're not trying to find fault with people or who did what to whom. Because now you're buying somebody else's culture. We're going to nuke an entire industry out of existence. It became very meaningful to them. 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. So, we came out there and we said, "Look, no, we're not just going to sell a product here. [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,. 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? ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM.
Snowflake IPO: Everything you need to know | Fortune And Brett Favre was that way. I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. See what you can do with it" to data driving operations directly, right?
Frank Slootman Wiki, Biography, Age, Spouse, Net Worth, Fast Facts And that's a whole different deal. This is probably the biggest understatement of the year. That's where we're at right now. You need to be invested in the moment, in the present, rather than I'm thinking about my next move. The liberalization of LNG is creating a global natural gas market, with freight acting as a virtual pipeline between continents. And Americans always think that there's an easy answer to these questions. And when you let it happen, you get feed-ups. We actually won everything that we wanted to win. And it worked like that for about a hundred years. So, because we all have our that's sell of awareness. I can't get you aptitude. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". I'm Josh King, your host, signing off from the library of the New York Stock Exchange. 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. I mean, it's hard to believe at this day and age that things were that way back then, but they were. 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. Frank Slootman has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. And then obviously, a business that was at a sense of itself, of its product lifecycle, which has its own unique set of challenges. Buyers and sellers can come together. Right? I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small.
Frank Slootman - Topp podcast avsnitt The perception in Holland of United States is very, and I don't want to use the word biased, that might be too strong. I don't know what, if you go back to those days. Where does a CEO Frank find time to write two books back-to-back and what was the inspiration for Amp It Up? Where I come from, people are quite resigned to their fate. And we introduced a centrally cleared model with ICE as the central counterparty, because that makes it much easier for new firms to join. Each week, we feature stories of those who hatch plans, create jobs and harness the engine of capitalism, right here, right now at the NYSE and at ICE's exchanges and clearing houses around the world. And I said, "Why not?" Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth . It will be fine. Because that's what it is. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. So, I finally caved, okay. 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." 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. I'm just, I'm fighting that tide. I mean, in the book, Frank, you used the analogy of getting in the right elevator.
Snowflake moves executive office from California to Bozeman, Montana - CNBC He said, "Because you guys are indicting everything I've done." [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. He was pretty smart to use nautical expressions in that conversation, take the helm at Snowflake. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Whereas in business, it often takes so much longer to be confronted with the consequences of your actions and some people don't-. Slootman recently spoke at the CNBC. 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. You got to catch people doing things the right way and then amplify that and praise it and reward it and so on because people are like pets and children.
The Frank Lloyd Wright Suite at This Tokyo Hotel Is a Midcentury Modern We don't preside, okay? You could have a meeting in the hallway with the entire company. Given his accolades, Slootman gets invited to speak at many events.
Snowflake CEO Frank Slootman on moving the needle, win-first - Spotify We're two sides of a coin, which is a reason why we've shown up in so many companies together. It was the lowest ranking job in the entire world of IT, if you were involved with tape automation. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." 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. Right?
Frank Slootman Is No Snowflake | Sequoia Capital US/Europe A decade after his death, fantasy artist Frank Frazetta still towers over the pop culture landscape as new fans discover his work. It's a transformation that is still going on. I talk to more people than most people in the company do, and that makes me dangerous because I hear directly what is going on - good, bad, and somewhere in between.
Frank Lloyd Wright's Buildings in Japan It takes nothing. But they do because the world is changing to digital and this is the essence of digital transformation. It wasn't long before top VCs weighed in. 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. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. So, it was an incredible trial by fire. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. We're driving change. We had no experience. Bachelor of Science, Erasmus University Rotterdam, The Netherlands; Master of Science, Erasmus University Rotterdam, The Netherlands. Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. We want to bring about something in the world of computing that has never existed before and we are consumed by our mission.
Snowflake CEO Frank Slootman on Covid and remote work adoption - CNBC But your culture is the only thing that's really unique to you and everything else is up for grab for anybody else. That's really what you want to preserve rather than layers and layers and layers and channels of communication. Our headquarters is in Atlanta, Georgia. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. Strong personalities will just dictate culture in certain business units, in certain geographies and so on.
CEO Outlook | Frank Slootman - KPMG Global I mean, it's a hell of a cash burner as well. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. And opinions, everybody's got one, but data doesn't lie. The list of its authors can be seen in its historical. 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. 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. Let's go." 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. So, we won a lot of outraces. All Rights Reserved. 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. They always have a twinkle in their eye and they're going to do this, they're going to do that. Well, that's because historically all we did was we did analytics in silo. Because, and this is another important observation, I think. And eventually, we totally crushed that market because we could address any and all use cases that were out there. 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. The consequences of your action are like right there.
Snowflake: Not What You May Think It Is - Datanami Slootman moved to Silicon Valley in 1997. You relate well to that way of thinking. 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. If you want to know more about this CEO, this might be the book to read. Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. In Amp It Up, you're pretty open about the struggles the company faced in its business and leadership. You really need to, look at yourself as an asset that can be applied in many, many different ways. 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. 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. Get the world to sort of move onto a different technology platforms, et cetera. And he and I were serving on another board together and every time we we'd go to our quarterly board meetings, we'd have lunch and discuss the state of a affairs in the world and blah, blah, blah, sort of thing people do in Silicon Valley. 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. How does that work at Snowflake? It was super interesting to me, sort of my first encounter with American management. But then, there's new platforms in terms of the Public Clouds, right? Snowflake CEO Frank Slootman is the toast of the big data community, and following the $3.4 billion IPO, a favorite on Wall Street too. Quick digression. So as leaders, you very much, I try, no matter how big this company gets, I try to run it like a popsicle stand where we're driving a race boat around the race course, okay. The nascent liquidity of spot LNG freight markets, and the volatility of time charter rates has boosted demand for risk management tools.
Snowflake CEO Frank Slootman Profile - Business Insider Learned an awful lot in that period of time. But it's also, you attack and you cross again.
Snowflake CEO Frank Slootman Wrote the Playbook on How to Amp It Up 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. Thanks so much for joining us inside the Ice House. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. 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? Did you find it difficult to change Snowflake's established culture?
Amp It Up: Snowflake boss pens hands-on CEO toolkit What are your God-given talents? You want to be the playmaker and the people that they're going to pass the ball to when we have two seconds left in the quarter, that kind of thing. And my email just dribbled down to nothing and all this kind of thing." Closed: Thanksgiving, Christmas Eve, Christmas and New Year's Day. Some may describe him as direct. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. Right? And essentially, he defends. Nothing herein constitutes an offer to sell, a solicitation of an offer to buy any security or a recommendation of any security or trading practice. 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. He published a book in 2011 called Tape Sucks. In other words, they kind of let it happen. And if I can't predict it, I can't change my policy, I can't change my pricing." But it's not what it really is, so it wasn't an enormous surprise to me to come here. 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). [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]. That's why they're big in banking and insurance and distribution and logistics. Everybody has ideas. Information contained in this podcast was obtained in part from publicly available sources, and not independently verified. And historically, people have tried to answer these questions anecdotally. No, we're talking about stuff that's not working well. So, I got pestered by VCs over the years, like "When are you going to do an update to your book because you now have two more companies to talk about." I just have been in the line of fire too long. And like, "How fast does this guy type?" The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. So, this is not data warehousing, it's just one use case. Sometimes that is hard for American audiences. But then, you go like, "Oh, this is the rest of my life." This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. It's like, "That's not exciting." Can you explain how you overcame both to lead the company through its 2012 IPO? What's the playbook?" Slootman applies this philosophy in the workplace as well. And I was like completely taken aback because there not a single thread thinking about that, considering that, considering any role of any sorts. In other words, swarm to it instead of distance yourself from it. In the Dutchman Frank Slootman, a non-coddling, no-nonsense executive who had taken Data Domain public before selling it to EMC, Leone saw "a match made . I hate that. Right? Tell me about sailing, first of all. They've never really been asked that before. So, it's the story, what goes around, comes around, as I said at the beginning. Prior to joining Snowflake, Frank served as the CEO of ServiceNow and that's NYSE ticker symbol, NOW and Data Domain, leading both of those firms successfully through their IPOs. None of that stuff is material to your mission. It wasn't, and the company wasn't failing financially on its growth objectives. 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. But EMC prevailed. They also appreciate it. 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. 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." Frank Slootman currently serves as Chairman and CEO at Snowflake. 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. They just have such a hard time doing it because that's who they are, that's what they live for. And then, I had another internship after that. We now use consumption models instead of subscription models. By the close of. The Last Of Us offers up its best episode yet, though this one diverges from the source material much more than the previous two. 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. 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. But it's a very, it's a country that has really no natural resources other than the natural gas that you mentioned, which they're pretty much run out of by now, so they've really leveraged their geographic location over the years. Check out the subtleties of his Wikipedia below. 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. 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. Once you start doing that, you need to take yourself out of the game.
Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 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. 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? I'm in New York. Everyone's watching. I just took a job with a software company just to be in software and that's sort of the extent of my thinking on that. Our guest was Frank Slootman, the Chairman and CEO of Snowflake. Obviously, that industry had moved on to all kinds of different disk space technologies. Much like how he runs his companies, Slootman is always direct in his speeches. It's not that easy. I mean, we were crawling the bottom in the early days, so we had a product that had marginal product market fit. Most people just preside over culture. 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 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? 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. Yeah. 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 Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. Investors know this about us. 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. 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. All these things eventually came together. I mean, the results speak for themselves. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. 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. The 61-year old Dutch executive's first CEO job was at an early-stage startup called Data Domain that made specialized storage hardware. You cannot sell your way through a crappy product, okay? It was doubling. That is by then, we often refer to this as data enrichment because you can take incredibly mundane data and when you enrich it with data attributes from other sources, like for example, you guys did with ADP, all of a sudden data goes from mundane to high octane. Slootman knows exactly what hes doing. The. I don't think about what's next. But with three IPOs in your rear view mirror and one attempt at retirement already failing to stick, what do you see as the next chapter in Frank Slootman's journey? What was that? Yeah, yeah. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language.
Snowflake Inc. - Wikipedia It's not just a scale. In this technological era, the field of analytics is vital as it makes it easy to access needed information without much of a hassle. You're finding the best sailors in the world and all of that. At the same time, that was enormous anxiety about how the company was unfolding. So, we're going to be in the middle of that. It was sort of an adjunct to what they called the computer industry back then. I mean, we lived in absolute terror. We cannot just read our emails and have a few phone conversations and know what's going on. Well, they knew now. But 233 years later, American, Dutch and British interests are inexorably intertwined. 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. As I said, what comes around, goes around. I mean, the only thing that energizes people and teams and organizations and companies as a whole is the mission. 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.