Different technologies, different markets, different competitors, different eras, different cultural times that we live in, you need to become, what that situation requires off you. Data Domain went public in 2007, but two years later acquired by EMC, in my home state of Massachusetts. 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. Frank Slootman added: " I'm excited to advise Blackstone. Much like how he runs his companies, Slootman is always direct in his speeches. The founder brings you in to scale up the company, but finds it difficult to step aside. These days, a lot of folks take it for granted, but Wall Street has a fascinating history. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. And there were many, many players in that segment, by the way. I just have been in the line of fire too long. Frank Slootman - Chairman and Chief Executive Officer - LinkedIn But it's not what it really is, so it wasn't an enormous surprise to me to come here. I mean, what drove you to move on? Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. So in hindsight, I understood that I was just burned out, classic burned out. Snowflake CEO Frank Slootman made headlines with controversial comments about diversity in the workplace. So, I really lift that cross and the chasm dynamic. Make it as easy as I could make it. CEO Frank Slootman made $287,990 in salary in 2019. When you run companies, you need to narrow the plane of attack very, very quickly. They're very well dialed into it. And that's exactly what we did. 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. But EMC prevailed. It takes a ton of work to maintain intense focus on the mission, so that's the weaponizing. And when you let it happen, you get feed-ups. It's a transformation that is still going on. It became very meaningful to them. There are many questions left unanswered about the months leading up to Snowflake going public. 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. Obviously, that industry had moved on to all kinds of different disk space technologies. I don't know what, if you go back to those days. And did you have a sense that the sector was really about to explode? It becomes the beating heart of a modern enterprise. 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. They only learn from consequences, so you got to create consequences, good and bad when things happen and things happen all day long. Snowflake is Slootmans third IPO. How Snowflake CEO Frank Slootman became a billionaire by ripping up the Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. I look at the situation, "What does this require?" And a lot of people shy away from that because it's incredibly high anxiety to live in that world, but you want to suppress that reflex. Yeah. Snowflake CEO on customer spending, weak guidance, A.I. and the company And I was like completely taken aback because there not a single thread thinking about that, considering that, considering any role of any sorts. 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. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. Our first thought was "not again" - he co-wrote Rise of The Data Cloud last year. Career In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. The good thing is you dont have to actually sit in with Slootman to get his lessons. He says, "If I have a problem in a state like Florida, where bodily injury claims are disproportionate to surrounding states, what explains that? Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. Everybody has access to talent. 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. It was great and it lasted the entire duration. If you like what you heard, please rate us on iTunes, so other folks know where to find us. By the close of. Bachelor of Science, Erasmus University Rotterdam, The Netherlands; Master of Science, Erasmus University Rotterdam, The Netherlands. That is the X factor in companies, but it starts with weaponizing the mission. As the gold auction and also, the LBMA gold price is the world's price for gold, particularly gold, which is delivered in London. I mean, it was doing well. Engineers should have a very easy time discerning the talent, so. So, I finally caved, okay. What's the playbook?" I mean, we had like 15X, the X of the next nearest competitor. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. Windows 3.1 didn't even exist. And it's just, it's intoxicating that energy. 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. In Amp It Up, you're pretty open about the struggles the company faced in its business and leadership. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Anybody who's tried to run HP can talk about that because you have companies that have existed for whatever, 50, 100 years, you don't get rid of culture. Never heard of that company." Including his options, Slootman owns about 10% of Snowflake. Quick digression. And for example, when I joined Unysis, I ended up in a corporate planning role. Welcome back. The. 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? So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. Give me that train wreck. So, this is not data warehousing, it's just one use case. So, what are things that we should absolutely not ask you to do ever? And in other words, what problems can I solve very quickly versus what is going to take longer to solve. Strong personalities will just dictate culture in certain business units, in certain geographies and so on. Well, the number one bit of advice I would have is make sure you're close to the drive train. 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. Snowflake: Not What You May Think It Is - Datanami I use that expression a lot to say, "Look, data operations is going to become your core." Everyone's watching. 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. How Much Snowflake CEO Frank Slootman Made in 2019 - Business Insider Snowflake moves executive office from California to Bozeman, Montana - CNBC But . And I say, "Stop putting labels on yourself. Thanks for listening. Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 That is the most, that is so unproductive. In other words, swarm to it instead of distance yourself from it. Snowflake CEO Frank Slootman Leading for Hypergrowth - YouTube And essentially, he defends. 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. I was just shot. I'm just, I'm fighting that tide. And like, "How fast does this guy type?" And you can take it or leave it and try it on for size and see if you like it." And it's very much a talent game just like business is. Yacht Racing is incredibly exciting and then it has a lot of corollaries to business because it's this multidimensional game of weather and competition, and what happens on the race course and reacting to it. You have to have data to partial reality, right? Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . That's really what you want to preserve rather than layers and layers and layers and channels of communication. 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. When we first came in there, it was a very, very anxiety-ridden ride in the early days. 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. Thanks so much for joining us inside the Ice House. I can't get you aptitude. And how that allowed him to grow Snowflake into the biggest software IPO ever, and how. Instacart Appoints Frank Slootman, Chairman And CEO Of Snowflake, To 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. That's when you're at risk. Early days of ServiceNow was just jungle fighting. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017, taking the organization from around $100M in revenue, through an IPO, to $1.4B. And that's a whole different deal. Frank Slootman has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. Because of his much sought-after expertise, Slootman gets paid a decent sum of money. I'm curious, how that opportunity at Data Domain came to you? They're very far removed from the drive train. They knew exactly what we meant. This property is owned by Frank & Brenda Slootman. That was career death for people, so it was just the least flattering place in the entire IT operation was backup and recovery based on tape, very logistically, intense. If you like what you heard, please rate us on iTunes, so other folks know where to find us. They all do and for a good reason. It was the lowest ranking job in the entire world of IT, if you were involved with tape automation. So in other words, I did not accept the Snowflake role until, Mike said, "I'm coming along.". Because, if I can't explain it, then I can't predict it. It is a future state that we're all working on right now. It wasn't long before top VCs weighed in. Our headquarters is in Atlanta, Georgia. 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. A lot of people think that that's possible, but there's a real limit to what salespeople can and can't do. It was small, it was slow. By the close of. This is really think about it as a database in the Cloud. What goes around, comes around and the Dutch get around the world. Good sales people have a track record. I mean, we have bumper stickers and people would at trade shows would stick them on tape libraries. He cuts back where he sees fit. 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. The IPO was the third for Dutch-born Slootman,. That's NYSE ticker symbol, S-N-O-W. His book from John Wiley and Sons, Amp It Up: Leading For Hypergrowth By Raising Expectations, Increasing Urgency, and Elevating Intensity is in bookstores and online now. So, because we all have our that's sell of awareness. How does that work at Snowflake? It was an application development and runtime platform to run on both Unix and OSU and Windows all at the same time. Well, that's because historically all we did was we did analytics in silo. That's why they're big in banking and insurance and distribution and logistics. I don't think about what's next. It was doubling. So, it was an incredible trial by fire. While most CEO's would be described as the person who would take their company to the moon, Slootman has been referred to as the person who would take his company to Mars.