Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. Right? 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. Check out the subtleties of his Wikipedia below. I'm the opposite. 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. If you want to know more about this CEO, this might be the book to read. What was that? It was an application development and runtime platform to run on both Unix and OSU and Windows all at the same time. I'm a miserable golfer, but somewhere along, the 18 holes, he's like, "I'll do it, but don't leave me again." Slootman said diversity comes second when making . And essentially, he defends. No, we're talking about stuff that's not working well. Thanks so much for joining us inside the Ice House. What's the playbook?" And obviously, I got that in spades at UN Royal in Indiana. Frank Slootman, Snowflake CEO, joins 'Closing Bell: Overtime' to discuss the company as shares slump on weak guidance following Wednesday's earnings report. This is a very buoyant country. And it's very rare to create that kind of value. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. All these things eventually came together. Now, we're going to go move the pieces and I'm just a piece on the chessboard." It's not that easy. It's really a company production, by the way. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. 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. It's you're in this job for a reason. So, I ended up going back to, I really didn't want to. They always have a twinkle in their eye and they're going to do this, they're going to do that. He cancelled the luxurious annual employee ski trip to Tahoe. Our guest was Frank Slootman, the Chairman and CEO of Snowflake. It's been extremely successful since we took over. But it's not what it really is, so it wasn't an enormous surprise to me to come here. Correct, correct. And when you're burned out, you don't regenerate anymore. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. 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? Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 Property data website for assessments, data, and owners. Yeah, in some areas it's easier than others, and in sales, we can just look at what people have done the past. And in other words, what problems can I solve very quickly versus what is going to take longer to solve. 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. That culture really keeps you safe from being indulgent or just, you're sort of presiding. One of the worst, worst in the English language for me. And that's all coming up right after this. Because that's what it is. You ever noticed that NFL quarterbacks just can't leave the stage. You need to be invested in the moment, in the present, rather than I'm thinking about my next move. The nascent liquidity of spot LNG freight markets, and the volatility of time charter rates has boosted demand for risk management tools. Open main menu Close main menu Home About Us Contact Us States Advanced Search Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. Software was barely an industry. They're very safe. Because, and this is another important observation, I think. 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. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. But as I got into retirement, the whole experience of retirement changes in the beginning, it's very euphoric, right? I mean, in the book, Frank, you used the analogy of getting in the right elevator. They're high anxiety, they're entrepreneurs, they're CEO, and sort of getting a very unvarnished view, inside view from a fellow traveler. So, understanding that is really important because obviously, you can't fight it off unless you understand where it's coming from. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. In Amp It Up, Frank, you say that a company's mission really has to be weaponized. Data has no opinion. 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). 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. BUILDINGS. Here's why this makes sense while looking at some options. [9] In June 2019, the company launched Snowflake Data Exchange. We're not trying to find fault with people or who did what to whom. 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 . Our first thought was "not again" - he co-wrote Rise of The Data Cloud last year. And then being able to talk about it in an intelligent, really rich-considered manner. Data Domain was really an interesting company. 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. Are you just going to look the other way or are you going to call it out? 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? Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. Those are just markets, but culture is how you get up in the morning and how you prosecute your day, so it is a huge deal. Whatever he learned from school is probably what we should all learn. He was pretty smart to use nautical expressions in that conversation, take the helm at Snowflake. Snowflake CEO Frank Slootman on moving the needle, win-first culture & managing burnout | E1689. If you like what you heard, please rate us on iTunes, so other folks know where to find us. A term that gets used a little bit too much in too many places. I mean, they had graphical user interfaces that were completely proprietary to that company. And it's not just bad behavior, it's also good behavior. It wasn't, and the company wasn't failing financially on its growth objectives. 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. Because you're like, "Oh, this is great. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . Fred Luddy, the founder of ServiceNow, I mean, super talented guy, obviously. It could address very few use cases. And the term BI had not even been invented back then. Now, most organizations are incredibly in up still in terms of their data promise. It wasn't long before top VCs weighed in. While most CEOs 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. You could have a meeting in the hallway with the entire company. I mean, that's how I felt at that time, like I had no more to give. I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. That's the reason why this country does so well. The Frank Lloyd Wright (R) Suite will be accepting bookings from January 24, 2023, through March 31, 2024. . The Last Of Us offers up its best episode yet, though this one diverges from the source material much more than the previous two. I mean, we had like 15X, the X of the next nearest competitor. 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. 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. [22] In September 2019, it was ranked first on LinkedIn 's 2019 U.S. list of Top Startups. I don't have to go work on Monday. And did you have a sense that the sector was really about to explode? Let's go." Slootman applies this philosophy in the workplace as well. 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. This article "Frank Slootman" is from Wikipedia. I look at the situation, "What does this require?" And it was really my wife who said, "No, no, we'll go. Museum Shop Hours: 9:30 am - 5 pm daily; 9:30 am - 4 pm in January and February. Architecturally, just damn near perfect, so. That's awesome. You guys are a data company, you know as well, right? You're finding the best sailors in the world and all of that. It's really every leader in the organization needs to internalize and then, want to act on it. I really had to change from being an individual contributor or a small team leader to somebody who runs organizations. I mean, we were crawling the bottom in the early days, so we had a product that had marginal product market fit. I mean, the results speak for themselves. 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. But let's focus on another dilemma that brought up in the book, Frank. And Mike, he takes on the end entire spectrum of controls and administration. 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. We will talk to you next week. It becomes the beating heart of a modern enterprise. The good thing is you dont have to actually sit in with Slootman to get his lessons. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. I'm in New York. That is the X factor in companies, but it starts with weaponizing the mission. But eventually, I returned to Holland about a year later, resumed my education. 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. But you mentioned this earlier, it isn't really what happened. Can you explain how you overcame both to lead the company through its 2012 IPO? Did you always have your eyes set on a career in the US? 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? An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. I'm like, "We're not trying to indict what you've done. 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. As young as I was, I mean, I was determined that that's where I wanted to be and certainly, not hardware because I saw another way for commoditization happening over there. In any successful company just ask them, they will attribute success to their culture. 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. Those are the people that are right there, where the people that bring home the bacon, there when the shit hits the fan. So, I ended up in odd places because they didn't know what to do with me. So in other words, I did not accept the Snowflake role until, Mike said, "I'm coming along.". 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. Over his distinguished career, Frank has mastered the process of fundraising scaling and building young companies into unicorns with the run ending eventually way back here at the corner of Wall and Broad Streets with an initial public offering. Amp It Up, published a scant of 13 months after the Rise of the Data Cloud, which you wrote with Steve Hamm. Well, they knew now. In other words, as a leadership team, it's not just the CEO. [1] Wikitia is not affiliated to Wikimedia Foundation. Once you understand relationships, you can now predict them. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. 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. 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. And that's our conversation for this week. And by the way, for most people, that's a very difficult question. But they do because the world is changing to digital and this is the essence of digital transformation. Not exactly like a year and a half, he'd been there for seven years. That is the most, that is so unproductive. 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? And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. 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. JP Morgan paid $175 million for a startup it believes it was conned into buying. And I've never been able to equal that level of success with a marketing slogan. So, it's the story, what goes around, comes around, as I said at the beginning. 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. Investors know this about us. 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. Slootmans style of leadership is not gentle at all. 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. All of which is presented solely for informational and educational purposes. In other words, swarm to it instead of distance yourself from it. 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. welcome back! 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? And when you buy companies, it gets worse, right? Right? We just never backed off of it. I actually wanted to retire, truth be told. Now, you can manage LNG freight risk with ICE LNG freight futures contracts, which join our global natural gas complex. 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. 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They knew exactly what we meant. And everybody was like, "Who's Data Domain? In other words, somebody who has lived their lives over and over. But EMC prevailed. And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. 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? When I was considering Snowflake, I told Snowflake, "I will not do this if Mike doesn't come along." We added sort of network replication disaster recovery, a whole bunch of adjacencies to it. 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? 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. It's a small country, obviously, which is why they sort of veer far and wide. And we feel the consequences of our actions every minute of the day. Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. As the gold auction and also, the LBMA gold price is the world's price for gold, particularly gold, which is delivered in London. So, we won a lot of outraces. 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. They did not try to carry technology or ways of thinking forward. That's a running joke that we always have. I always become the CEO that the situation mandates and dictates. 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 mean, it was a super crowded field, but we just crushed that entire field. They only learn from consequences, so you got to create consequences, good and bad when things happen and things happen all day long. And obviously that is not the best way to go about things because that's just one man's opinion against another, right? Right? He was saying during the pandemic, he's like demand was up 60% over here, down 100% over there. Take our own company, Intercontinental Exchange, for example. Slootman recently spoke at the CNBC. Now, what that does the weaponizing, what that does is we block everything else out. 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. the internship sort of came about because I was about a year ahead of schedule at the university. And, likewise, when I go to Holland and I meet Dutch customers there, they kind of look at me with a smirk, like, "Yeah, I can tell you're Dutch. And I'm like, "You know what? How does that work at Snowflake? 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. It takes a ton of work to maintain intense focus on the mission, so that's the weaponizing. And like, "How fast does this guy type?" You cannot sell your way through a crappy product, okay? 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. Most people just preside over culture. Slootman knows exactly what hes doing. You can only sail so much, [crosstalk 00:31:19]. Okay. As I said, what comes around, goes around. In other words, wants to call it out, wants to prosecute it because you can see good behavior, bad behavior around you all day long. It is a future state that we're all working on right now. 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 after a while it's like, "Look, I can't do one-on-one meetings with a million people. Phone: 312.994.4000. Welcome, Frank, inside the Ice House. 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. 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. And in other words, I was already negotiating Mike's package before I had joined ServiceNow. And then of course, Michael Dell found just as attractive to bring EMC into Dell. They've never really been asked that before. This site uses Akismet to reduce spam. You have to have data to partial reality, right? Basically, we had to solve our enormous problems that we have while the company was doubling in size, more than doubling its size every year. This is very much a country that believes things that other countries don't believe. Tej, Read More 10 Things You Didnt Know about Tej VirkContinue. And by the way, the inverse of that is what are you not good at? And over time, we overcame that because we were laser focused on making the product bigger and faster every year. And my email just dribbled down to nothing and all this kind of thing." The ambitions that happen, the boldness that happens as a result of that, that becomes the magic. 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. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. 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 . The Dutch have all always been enterprising. What kind of people fail here and why?" And having incredible meaning and potency and yield value for applications you never imagined. What's your advice about someone climbing the corporate ladder looking to make that leap? In other words, they kind of let it happen. Read More 10 Things You Didnt Know About Paul StovellContinue. They also appreciate it. Africas largest economy is in the early stages of a monetary experiment that could be coming to the U.S. sooner than you think. Meaning that we would run something like Tableau on top of Salesforce or whatever. People who have seen sort of the ticker symbol of Snowflake pass their eyes on CNBC and see how its companies perform and say like, "What is that company with the name after falling snow from the sky?" Career In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. So it's a very important question because if I hire you, I can get you experience every day at the week. 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. And you can't play chess pieces in a million different ways, right? And all of a sudden, everybody is just high-fiving and doing victory laps and everything is beautiful versus reality is completely different. He said, "Because you guys are indicting everything I've done." CEO Frank Slootman made $287,990 in salary in 2019. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. Never seen the inside of an office or anything. I mean, it was just trying to stay alive. 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. 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. 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. And you need to have the flexibility of mind to really deploy yourself. When a company is buying a million dollars from you in the course of a year, what are they getting?
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