Over the past 20 years, as CEO of Data Domain and then ServiceNow and now Snowflake, Frank Slootman has generated extraordinary growth and success for each company and established himself as one of the world's top CEOs. I hate that. 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. That's when you're at risk. Yeah. Everyone's watching. I mean, what drove you to move on? And people really want to be led in that manner. 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. No. 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 that's a whole different deal. And the whole point of the book is I try to contrast these experiences, like look, they're not the same. San Francisco 49ers Admit Quarterback Help Might Be Needed This Offseason, Frank Founder Charlie Javice Denies JP Morgan Allegations That She Duped Bank Into Buying Her Startup For $175M, Central Bank Digital Currencies Are Off To A Rough Start, JP Morgan Is Still Cleaning Up Its Disastrous $175M Frank Acquisition, How To Choose The Right Bank For Your Business And Sector, Chris Jones And Frank Clark Lead Kansas City Chiefs To AFC Championship Win, The Last Of Us Season 1, Episode 3 Recap And Review: Bill And Frank, Art Titan Frank Frazettas Legacy Keeps Growing With New Projects And A Massive Retrospective, Inside Frank Horvats Fashion Photography Exhibition In Germany, Frank Talk About Women, Money, And Promotion, European School of Management and Technology - Berlin, Snowflake CEO Frank Slootman: How To Boost Growth And Drive Meaningful Change, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Much like how he runs his companies, Slootman is always direct in his speeches. This is a very buoyant country. Right? 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. We wanted to buy technology from, what at that time was Veritas, Convo, companies that are still around, because then we could really address the, the functional scale and scope off our platform. Our first thought was "not again" - he co-wrote Rise of The Data Cloud last year. But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. You need to be invested in the moment, in the present, rather than I'm thinking about my next move. Frank Slootman, Snowflake CEO, joins 'Closing Bell: Overtime' to discuss the company as shares slump on weak guidance following Wednesday's earnings report. I mean, the results speak for themselves. Right? We're driving change. 5.9% of any company is a huge deal. They're kind of like-.
Frank Slootman Is No Snowflake | Sequoia Capital US/Europe I mean, all these greats, right? Because when all the energy and all the quality of resources is fully concentrated on the mission, that's pure magic, okay? And that is a common thread through all our companies. But let's focus on another dilemma that brought up in the book, Frank. Some portions of the proceeding conversation may have been edited for the purpose of length or clarity. I mean, that's how I felt at that time, like I had no more to give.
Frank Lloyd Wright Home and Studio | Frank Lloyd Wright Trust I mean, it was a super crowded field, but we just crushed that entire field. Photo by Christie Hemm Klok/The Forbes Collection. But in the end, it's like we have to get into backup software in which we tried. 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. 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. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. Data Domain went public in 2007, but two years later acquired by EMC, in my home state of Massachusetts. 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." [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]. How does that work at Snowflake? And that's all coming up right after this. 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. And eventually, we totally crushed that market because we could address any and all use cases that were out there. Museum Shop Hours: 9:30 am - 5 pm daily; 9:30 am - 4 pm in January and February. I'm on the phone with customers every day. 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." Not exactly like a year and a half, he'd been there for seven years. But he had also been the CEO of ServiceNow for seven years. I often refer to those people as passengers and then, they're the drivers. I mean, you're not going to get excited, "Well, we want to grow 100% this year." It's not just a scale. While that is probably not, my temperament is not terribly well-suited for those types of jobs.
How Much Snowflake CEO Frank Slootman Made in 2019 - Business Insider New competitors, new partner ecosystems, so it was like, "Wow, this is the future." 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. But now, and the influence of data science, we really have to interrogate data regardless of its silo boundaries. 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. And you can take it or leave it and try it on for size and see if you like it." So, the earlier you show up, the better off you are. Data has no opinion. [1] The Dutch have all always been enterprising. It's really every leader in the organization needs to internalize and then, want to act on it. 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. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. In other words, somebody who has lived their lives over and over. And that's exactly what we did. Career In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. 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. 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. That's a running joke that we always have. But your culture is the only thing that's really unique to you and everything else is up for grab for anybody else. I mean, people go from spending $50,000 a year to a million dollars a year in one year and they're like, and the CFOs go, "What the hell is this all about?" Our guest today, Frank Slootman is chairman and CEO of Snowflake. And how that allowed him to grow Snowflake into the biggest software IPO ever, and how. 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. What are your God-given talents? That's why they're big in banking and insurance and distribution and logistics. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. It was just like Formula 1 of sailboat racing. So, understanding that is really important because obviously, you can't fight it off unless you understand where it's coming from. I think EMC was exactly the right acquirer because they just sort of had the orientation and the scale and the intensity culturally. Tej, Read More 10 Things You Didnt Know about Tej VirkContinue. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . Those are really good conversation, good questions to have because each organization is different. They're very lonely in their jobs. 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. And you had literally physical media that could logistically manage. I look at the situation, "What does this require?" Frank Lloyd Wright Home and Studio. But then, you go like, "Oh, this is the rest of my life." And you can't play chess pieces in a million different ways, right?
Snowflake moves executive office from California to Bozeman, Montana - CNBC I mean, it's like when people start to roll their eyes. 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.. 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. 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. Frank Slootman has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets.
10 Things You Didn't Know About Frank Slootman - Money Inc Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. He cancelled the luxurious annual employee ski trip to Tahoe. But you mentioned this earlier, it isn't really what happened. 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. 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.
Snowflake CEO Frank Slootman Shares Secrets of Unrivaled Success in From Broke To Billionaire: How Fred Luddy Built - Forbes In Amp It Up, Frank, you say that a company's mission really has to be weaponized. We were going to do the world of favor.". Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. It's really a company production, by the way. 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. He said, "Because you guys are indicting everything I've done." CEO Frank Slootman (second row, fourth from left) and the Snowflake team virtually rang the opening . I always find the problem when I hire people that are already, they have just taken a job and they're already about their next job. Your mission is you're pursuing an end state or at least the closest thing to what you can envision, to what you want to realize as a couple. But you dont achieve a $1.8 billion net worth by being a spendthrift. And now, welcome inside the ICE House. And that is our culture. Never seen the inside of an office or anything. The eight blocks of the street run from Broadway in the west to the East River in the east. I just have been in the line of fire too long. This is really think about it as a database in the Cloud. We now use consumption models instead of subscription models. And we introduced a centrally cleared model with ICE as the central counterparty, because that makes it much easier for new firms to join. It's lights out, light speed and then fully disintermediated and it's fully programmatic.
Snowflake CEO Frank Slootman on Covid and remote work adoption - CNBC CEO Frank Slootman made $287,990 in salary in 2019. And I say, "Stop putting labels on yourself. Insurance companies historically have not been because they are data companies by their essence, right? I can't get you aptitude. I mean, it gets rid of you. Windows 3.1 didn't even exist. [22] In September 2019, it was ranked first on LinkedIn 's 2019 U.S. list of Top Startups. By the close of. And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. You need to sort your issues into, "What am I going to focus on?" A lot of people think that that's possible, but there's a real limit to what salespeople can and can't do. So, what are things that we should absolutely not ask you to do ever? Because, and this is another important observation, I think. 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. 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. That takes very different approaches, orientation, skill sets, and so on what you do. 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. 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. So, I finally caved, okay. But this was quickly set aside because Frank appears to walk the walk. What was that? Yeah, in some areas it's easier than others, and in sales, we can just look at what people have done the past. I'm the opposite. Our headquarters is in Atlanta, Georgia. In other words, as a leadership team, it's not just the CEO. Right, you got a good point. Including his options, Slootman owns about 10% of Snowflake. I only think about now and what I'm doing today. It will be fine. Give me that train wreck. Good sales people have a track record. It is data operations from the most transactional to the most analytical and everything in between, so. There's no doubt, I'm a total hybrid here. Meaning that we would run something like Tableau on top of Salesforce or whatever. Phone: 312.994.4000. JP Morgan paid $175 million for a startup it believes it was conned into buying. [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,. Okay, it's real easy and in engineering, they put guys on the whiteboard and they give them problems. Right? 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, we're going to be in the middle of that. 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?