Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening. And the term BI had not even been invented back then. Because he was still smarting from the fact that I left ServiceNow and he felt I left him stranded. I mean, in the book, Frank, you used the analogy of getting in the right elevator. But one of those issues was that taken over from a founder CEO was really, really hard. But as I got into retirement, the whole experience of retirement changes in the beginning, it's very euphoric, right? So now, we're having business conversations about data. It was great and it lasted the entire duration. And in other words, what problems can I solve very quickly versus what is going to take longer to solve. And now, I feel like I'm being haunted, by this Dutch thing, this cloud that's hanging over me." Instacart Appoints Frank Slootman, Chairman And CEO Of - Insider Given his accolades, Slootman gets invited to speak at many events. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief Executive Officer of . But the essence of what I'm getting when I hire you is what you're innately good at. Every week there was a new bid. 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? I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. See what you can do with it" to data driving operations directly, right? I hate to break it to the audience, but that is the way that it is. Slootman recently spoke at the CNBC. But I was now really primed at that point, in terms of, I knew a lot more, about what it was like to be in the US. We were going to do the world of favor.". So like, "Look, I'm not going to be doing the same races over and over again." Blackstone Announces Appointment of Frank Slootman, Chairman and CEO of Here's why this makes sense while looking at some options. 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. But then again, there really is only one Frank Slootman, IPO master in the world. Right. Helping women become better in negotiation is an urgent and essential task for organizations and individuals. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. And a lot of our people have the same malcontent attitude that I do. And then obviously, a business that was at a sense of itself, of its product lifecycle, which has its own unique set of challenges. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. Now, you can manage LNG freight risk with ICE LNG freight futures contracts, which join our global natural gas complex. I always tell my own people, "Look, I'm a piece on the chessboard, okay? So, she talked me into it because I was on the verge of saying, "Look, I'm not going back there." 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. He's like, "How do we run a supply chain?" Now, we're going to go move the pieces and I'm just a piece on the chessboard." No. 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. 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." After joining almost at the start in 2003, Slootman helped. It's always hard when you come in as a CEO and you have to follow a founder because the founder almost has mythical status in the organization. Quick digression. 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. I mean, anecdotal observation has pretty much run its course. Who can solve what set of issues, right? Much like how he runs his companies, Slootman is always direct in his speeches. They're very well dialed into it. You guys are a data company, you know as well, right? Strong personalities will just dictate culture in certain business units, in certain geographies and so on. And the other thing I'll say is we maintain a very, what we call a malcontent attitude. In other words, swarm to it instead of distance yourself from it. Frank Slootman, Chairman and CEO of Snowflake (NYSE: SNOW), presided over the largest software IPO in the NYSEs history, but it wasnt his first rodeo. Frank Horvat helped elevate fashion photography into high art, and with his thoughtful photographs, changed how we look at fashion altogether. I mean, if you look historically at what platforms like ours have done, there is no relationship to the past with what Snowflake is doing now. 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. [9] In June 2019, the company launched Snowflake Data Exchange. Snowflake now has Frank Slootman as chairman and CEO. Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. 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. What you're doing now is doing pretty good, so keep yourself in the game, Frank. You have to have data to partial reality, right? And then Snowflake is again, a totally different. We call it a turn on the crank and we came out with a product that was at least twice as big, twice as fast, so the market kind of opened up gradually for us. Frank Slootman - Narrow the Focus, Increase the Quality - [In So, we started to wind down a little bit. 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. It's very hard. 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? As cool as it may sound, Slootman doesnt actually have a literal invisible hand. Investors know this about us. We now use consumption models instead of subscription models. Information contained in this podcast was obtained in part from publicly available sources, and not independently verified. I'm a miserable golfer, but somewhere along, the 18 holes, he's like, "I'll do it, but don't leave me again." From Broke To Billionaire: How Fred Luddy Built - Forbes This property is owned by Frank & Brenda Slootman. But eventually, I returned to Holland about a year later, resumed my education. The Dutch-born Slootman, who now lives in Montana, has had three hits in a row since 2003: He was made CEO of enterprise storage startup Data Domain and grew it to a $2.4 billion acquisition. 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. Frank Slootman Wiki, Biography, Age, Spouse, Net Worth, Fast Facts At 61 years old, Slootman has created quite the reputation for himself. In the early days, I want to say like the first eight to 10 years or so, were actually immensely frustrating to me because I was a strange animal, right? So, I really lift that cross and the chasm dynamic. You could have a meeting in the hallway with the entire 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. It's not that easy. This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. And if I can't predict it, I can't change my policy, I can't change my pricing." So, we won a lot of outraces. He was pretty smart to use nautical expressions in that conversation, take the helm at Snowflake. Data has no opinion. Thanks so much for joining us inside the Ice House. When you get that sensation, you do need to leave because you're no longer the right person for that situation. 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? So after a while, it's like, "Okay, we've done enough of this." They're very lonely in their jobs. Now, amid an ongoing legal battle, its got to clean up a very public mess. I was like, "Jesus, I spent my whole life trying to get here. Learned an awful lot in that period of time. Right? Learn how your comment data is processed. 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. 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). It's really a company production, by the way. So, I ended up going back to, I really didn't want to. 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 . CEO Outlook | Frank Slootman - KPMG Global So, we were just picking over use cases here and there to sort of stay alive in the early days. 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. Now, it was actually pretty interesting because this was sort of a forerunner of a data analytics, business intelligence type of company. We'll do something good with it. It is data operations from the most transactional to the most analytical and everything in between, so. 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. And how that allowed him to grow Snowflake into the biggest software IPO ever, and how. 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. Frank Slootman has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. I think EMC was exactly the right acquirer because they just sort of had the orientation and the scale and the intensity culturally. Snowflake CEO Frank Slootman on moving the needle, win-first culture & managing burnout | E1689. 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. Because now, now you're going to look people in the eye, and say, "Look, this is the way we're going to be. And historically, people have tried to answer these questions anecdotally. And everybody was like, "Who's Data Domain? It could address very few use cases. Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . How does that work at Snowflake? Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. I mean, you can take somebody out of their country, but you can't take the country out of the person, as the old saying goes. Check out the subtleties of his Wikipedia below. 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. Reflects change since 5 pm ET of prior trading day. I only think about now and what I'm doing today. 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? right? 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?" Right? Thanks for listening. And obviously that is not the best way to go about things because that's just one man's opinion against another, right? Never seen the inside of an office or anything. Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. It's just our nature to talk about problems." Frank Slootman - The Montgomery Summit CEO Frank Slootman made $287,990 in salary in 2019. And essentially, he defends. By the close of. And you had literally physical media that could logistically manage. You're finding the best sailors in the world and all of that. 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. 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. And are there any particular secrets to building a consensus around the idea of change? Frank Slootman currently serves as Chairman and CEO at Snowflake. So, I ended up in odd places because they didn't know what to do with me. And the reason that I found it so interesting is technology was mesmerizing. Frank Slootman - Wikitia 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. Everybody has ideas. In other words, you got to really mean it, okay? We were entertainment for Wall Street for a six-week period. I mean, it was a super crowded field, but we just crushed that entire field. 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.. And when you buy companies, it gets worse, right? It was an application development and runtime platform to run on both Unix and OSU and Windows all at the same time. You could eject the tape from a tape drive and you could ship it off site. 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? It was sort of an adjunct to what they called the computer industry back then. Snowflake CEO Frank Slootman on moving the needle, win-first - Spotify Software was barely an industry. Snowflake is Slootmans third IPO. And by the way, when you see the decline of very, very storage enterprises, you can pick MG and HP and and Intel and so on, what happened to these people along the way? But predictably, we already talked about Dutch culture, that relationship between the American parent and the Dutch subsidiary didn't go so well. That culture really keeps you safe from being indulgent or just, you're sort of presiding. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. 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. Snowflake CEO Frank Slootman Shares Secrets of Unrivaled Success in It is a future state that we're all working on right now. So, it just started to happen, but I wanted to desperately be in software at that time. And then being able to talk about it in an intelligent, really rich-considered manner. What is the core of your being, 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. 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.