You arrived at something like tape sucks. Information contained in this podcast was obtained in part from publicly available sources, and not independently verified. 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. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. I'm a miserable golfer, but somewhere along, the 18 holes, he's like, "I'll do it, but don't leave me again." I can just blow a year on doing some other stuff that's interesting." I mean, we had like 15X, the X of the next nearest competitor. When some of these firms moved out to Canary Wharf, they decided that actually, it was too much to be sending people to the room, so they moved it to a phone call to buy and sell and establishing a price. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. This site uses Akismet to reduce spam. And I was like completely taken aback because there not a single thread thinking about that, considering that, considering any role of any sorts. Amp It Up, Frank, you write a lot about building culture and I think you had some issues at Snowflake when you got there. Right? right? But eventually, I returned to Holland about a year later, resumed my education. 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. When you get that sensation, you do need to leave because you're no longer the right person for that situation. For example, he made a few changes at Snowflake when he became CEO. Because now you're buying somebody else's culture. In Amp It Up, Frank, you say that a company's mission really has to be weaponized. 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. Here's your host, Josh King of Intercontinental Exchange. No databases of scale and no file systems with scale. One company that embodies this vision is ThoughtSpot, an analytics company. I mean, there's many jobs in companies and some of them are quite far removed. And people would eyeball those reports in those dashboards, and that was sort of the extent of it. We don't preside, okay? So, what are things that we should absolutely not ask you to do ever? I mean, that's how I felt at that time, like I had no more to give. Open main menu Close main menu Home About Us Contact Us States Advanced Search You can only sail so much, [crosstalk 00:31:19]. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. As we're recording this in early 2022, the competition for talent has reached a boiling point. Frank Slootman on Leadership and the War Against Mediocrity - ICONIQ So, the earlier you show up, the better off you are. Snowflake IPO: Everything you need to know | Fortune So, I really lift that cross and the chasm dynamic. ICE is the first exchange to list LNG freight futures contracts underpinned by the price assessments of spark commodities. Snowflake now has Frank Slootman as chairman and CEO. 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? They also appreciate it. Whereas in business, it often takes so much longer to be confronted with the consequences of your actions and some people don't-. The list of its authors can be seen in its historical. Data Domain was really an interesting company. But one of those issues was that taken over from a founder CEO was really, really hard. Did you find it difficult to change Snowflake's established culture? So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. The Frank Lloyd Wright Suite at This Tokyo Hotel Is a Midcentury Modern I just have been in the line of fire too long. Amping it up with Snowflake CEO Frank Slootman - SiliconANGLE It wasn't, and the company wasn't failing financially on its growth objectives. So after a while, it's like, "Okay, we've done enough of this." And when you're burned out, you don't regenerate anymore. 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. And when the whole world goes direct to consumer and it becomes disintermediated and goes wholly digital, the role of data obviously becomes insanely important. 2023 Forbes Media LLC. That's why they're big in banking and insurance and distribution and logistics. Instacart Appoints Frank Slootman, Chairman And CEO Of Snowflake, To 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. And the whole point of the book is I try to contrast these experiences, like look, they're not the same. Who can solve what set of issues, right? I can't get you aptitude. 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. And we introduced a centrally cleared model with ICE as the central counterparty, because that makes it much easier for new firms to join. Including his options, Slootman owns about 10% of Snowflake. I'm the opposite. It was doubling. 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. It became very meaningful to them. So, because we all have our that's sell of awareness. We're not trying to find fault with people or who did what to whom. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. They're kind of like-. These days, a lot of folks take it for granted, but Wall Street has a fascinating history. But EMC prevailed. Leone took Luddy on a host of interviews. And by the way, insurance companies are already pretty data savvy, but every single industry is experiencing these kinds of questions. That's when you're at risk. And then by the way, I have to have that around me, because I don't like people that want to self-congratulate and do victory laps all day. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. Learn how your comment data is processed. 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. Reflects change since 5 pm ET of prior trading day. The Last Of Us offers up its best episode yet, though this one diverges from the source material much more than the previous two. That is the X factor in companies, but it starts with weaponizing the mission. But you mentioned this earlier, it isn't really what happened. They're very safe. Better, better all the time. I mean, 16 months after you and Mike came to Snowflake, you raised $3.4 billion as part of its IPO, instantly establishing Snowflake as one of the NYC's marquee companies. [23] Well, the number one bit of advice I would have is make sure you're close to the drive train. If you like what you heard, please rate us on iTunes, so other folks know where to find us. This is very much a country that believes things that other countries don't believe. Right? I look at the situation, "What does this require?" I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. What was that? And fortunately, the temperament that is in you, it's going to re-manifest itself sooner or later. But it's not what it really is, so it wasn't an enormous surprise to me to come here. That's the point of it. Never heard of that company." People that the company really, really runs on. What you're doing now is doing pretty good, so keep yourself in the game, Frank. 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. And now, I feel like I'm being haunted, by this Dutch thing, this cloud that's hanging over me." Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. I can't do every speaking engagement," et cetera. Get the world to sort of move onto a different technology platforms, et cetera. Because they can't understand how spending categories can just explode overnight like that. It's up to 79% of the volume has gone cleared. 10 Things You Didn't Know About Frank Slootman - Money Inc Many in the emerging tech sector would name Frank Slootman easily because of the kind of substance he gives when he speaks. Frank shares the secrets of his success, the leadership principles that guide him, and what hes learned along the way. That is how you energize companies. But we didn't have the market capital resources to do that. Frank Lloyd Wright Home and Studio | Frank Lloyd Wright Trust So like, "Look, I'm not going to be doing the same races over and over again." Sometimes that is hard for American audiences. Now, for us, it's a data Cloud. 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. 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. We will talk to you next week. But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster initial public offering (IPO). [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. 951 Chicago Ave., Oak Park, IL 60302. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". Read More 10 Things You Didnt Know About Paul StovellContinue. I always become the CEO that the situation mandates and dictates. As I said, what comes around, goes around. Those are really good conversation, good questions to have because each organization is different. And of course, people chuckled because they recognized it. We're going to nuke an entire industry out of existence. The 61-year old Dutch executive's first CEO job was at an early-stage startup called Data Domain that made specialized storage hardware. I'm curious, how that opportunity at Data Domain came to you? Okay. Obviously all the financial reporting, all the systems. It was an application development and runtime platform to run on both Unix and OSU and Windows all at the same time. Then, they discuss Frank's hiring philosophy and how to create a winning relationship between an executive and their direct reports . So, it's the story, what goes around, comes around, as I said at the beginning. And the other thing I'll say is we maintain a very, what we call a malcontent attitude. Some portions of the proceeding conversation may have been edited for the purpose of length or clarity. Others might say that hes completely brash. But then again, there really is only one Frank Slootman, IPO master in the world. 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. So, it just started to happen, but I wanted to desperately be in software at that time. Okay? Slootman said diversity comes second when making . 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. And obviously, I got that in spades at UN Royal in Indiana. Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 Property data website for assessments, data, and owners. Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. 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. We played a round of golf. We cannot just read our emails and have a few phone conversations and know what's going on. Snowflake CEO Frank Slootman Profile - Business Insider How Snowflake CEO Frank Slootman became a billionaire by ripping up the How Much Snowflake CEO Frank Slootman Made in 2019 - Business Insider 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? And he always talked about Snowflake because it was a very exciting company to him and I didn't know that much about it, but enough to have a conversation. Early days of ServiceNow was just jungle fighting. And we publish the data transparently on our site, so anyone can come and see what actually happened in the auction. 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. CEO Outlook | Frank Slootman - KPMG Global Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 Slootman has become somewhat of a business hero for many people, myself included. Are you just going to look the other way or are you going to call it out? Everybody has access to capital. The. Frank Lloyd Wright Home and Studio. Because, and this is another important observation, I think. The information contained in this podcast was obtained in part from publicly available sources and not independently verified, neither ICE nor is 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. 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. When I was at Data Domain, hell, we were 15 people when I joined there. It is a future state that we're all working on right now. But as I got into retirement, the whole experience of retirement changes in the beginning, it's very euphoric, right? What is the core of your being, right? 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. 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. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. So, I finally caved, okay. Episode 280: Snowflake CEO Frank Slootman Wrote the Playbook - the ICE 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. And over time, we overcame that because we were laser focused on making the product bigger and faster every year. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. He cancelled the luxurious annual employee ski trip to Tahoe. The name was also fitting because a few years later, Snowflake burst onto the tech scene with a one of a time groundbreaking Cloud data warehouse product that revolutionized how companies could manage their data. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. 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. Frank Slootman - Topp podcast avsnitt BUILDINGS. Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth . You ever noticed that NFL quarterbacks just can't leave the stage. 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. It was just like Formula 1 of sailboat racing. I mean, anecdotal observation has pretty much run its course. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." And people are, are mesmerized by Snowflake results because they don't quite understand, where is this coming from? Windows 3.1 didn't even exist. But the essence of what I'm getting when I hire you is what you're innately good at. 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. You're no longer using data to basically please a bunch of eyeballs, like, "Hope you like it. 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. You relate well to that way of thinking. Now, you can be very obstinate about it and say, "Well, I'll eventually cross that bridge when I come to it," or you can try to anticipate it and say, "Okay, I'm going to find somebody who has the resources that I do not possess." And Brett Favre was that way. In Amp It Up, you're pretty open about the struggles the company faced in its business and leadership. Frank Lloyd Wright's Buildings in Japan Welcome back. 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. It was great and it lasted the entire duration. It's really a company production, by the way. I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. It becomes the beating heart of a modern enterprise. It's a transformation that is still going on. And eventually, we totally crushed that market because we could address any and all use cases that were out there.