Episode 280: Snowflake CEO Frank Slootman Wrote the Playbook - the ICE I don't care for any of that. What kind of people fail here and why?" One company that embodies this vision is ThoughtSpot, an analytics company. And by the way, insurance companies are already pretty data savvy, but every single industry is experiencing these kinds of questions. 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. Everybody has access to talent. And my email just dribbled down to nothing and all this kind of thing." I hate to break it to the audience, but that is the way that it is. Now, for us, it's a data Cloud. Snowflake CEO Frank Slootman on moving the needle, win-first culture & managing burnout | E1689. Get the world to sort of move onto a different technology platforms, et cetera. Creative Commons Attribution-ShareAlike. And I say, "Stop putting labels on yourself. So, I finally caved, okay. And then Snowflake is again, a totally different. Welcome back. And after a while it's like, "Look, I can't do one-on-one meetings with a million people. It was small, it was slow. By the close of. And everybody was like, "Who's Data Domain? And people that know the Dutch, and you seem to know to Dutch people, it's, fairly recognizable what the Dutch attributes are that are at play here. They're very far removed from the drive train. So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. I mean, we lived in absolute terror. I was just shot. Everybody has access to capital. As the gold auction and also, the LBMA gold price is the world's price for gold, particularly gold, which is delivered in London. 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. I often refer to those people as passengers and then, they're the drivers. It's been extremely successful since we took over. In the book, I go on and on about what some of those issues are. And in other words, what problems can I solve very quickly versus what is going to take longer to solve. But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. This is a country that's very aspirational. You need to sort your issues into, "What am I going to focus on?" I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. And it's like, "Well, why does that matter?" Others might say that hes completely brash. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. Some may describe him as direct. I don't have to go work on Monday. So, I really lift that cross and the chasm dynamic. But that is what digital transformation is. Snowflake moves executive office from California to Bozeman, Montana - CNBC This property is owned by Frank & Brenda Slootman. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." Frank Slootman Wiki, Biography, Age, Spouse, Net Worth, Fast Facts And you can take it or leave it and try it on for size and see if you like it." Login - Ashima Thanks for listening. That takes very different approaches, orientation, skill sets, and so on what you do. 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. Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. Instead, hes got something equally as coola sailing boat named The Invisible Hand. And historically, people have tried to answer these questions anecdotally. And all of a sudden, everybody is just high-fiving and doing victory laps and everything is beautiful versus reality is completely different. When I in Ohio, I joined copy ware in Farmington Hills, Michigan, and I had not even been there a few month and they acquired a sizable company in Holland, a company called Uniface. 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. We were going to do the world of favor.". Frank Slootman added: " I'm excited to advise Blackstone. By the way, our two largest competitors were both bidding for the company at the same time. But one day, and this was in March of 2019 and he said, "What would it take for you to take the helm?" 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. They're high anxiety, they're entrepreneurs, they're CEO, and sort of getting a very unvarnished view, inside view from a fellow traveler. [9] In June 2019, the company launched Snowflake Data Exchange. 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. I really had to be shamed into writing this book, considering the amount of work that it is, but got a lot of help from the company. Bachelor of Science, Erasmus University Rotterdam, The Netherlands; Master of Science, Erasmus University Rotterdam, The Netherlands. Take our own company, Intercontinental Exchange, for example. Frank Lloyd Wright Home and Studio | Frank Lloyd Wright Trust Much like how he runs his companies, Slootman is always direct in his speeches. Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. Correct, correct. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. Data has no opinion. I'm like, "We're not trying to indict what you've done. Once you start doing that, you need to take yourself out of the game. Mar 11, 2021, 11:30 ET. They also appreciate it. I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. So, they looked around and they found the guy with a passport to Dutch language proficiency like. This site uses Akismet to reduce spam. We cannot just read our emails and have a few phone conversations and know what's going on. Yeah, yeah. 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. the internship sort of came about because I was about a year ahead of schedule at the university. Tell me about sailing, first of all. The consequences of your action are like right there. And that is a common thread through all our companies. What goes around, comes around and the Dutch get around the world. Well, the number one bit of advice I would have is make sure you're close to the drive train. So, this is not data warehousing, it's just one use case. You relate well to that way of thinking. Wikitia is not affiliated to Wikimedia Foundation. Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. It was the lowest ranking job in the entire world of IT, if you were involved with tape automation. I mean, you brought in some reinforcements when you started at Snowflake, including Michael Scarpelli, who was your CFO at Data Domain and ServiceNow. Amp It Up, published a scant of 13 months after the Rise of the Data Cloud, which you wrote with Steve Hamm. Photo by Christie Hemm Klok/The Forbes Collection. I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. What's the playbook?" Snowflake is Slootmans third IPO. Snowflake CEO Frank Slootman Wrote the Playbook on How to Amp It Up We'll do something good with it. No, we're talking about stuff that's not working well. Never heard of that company." And Mike was still the CEO at ServiceNow at that time. And, how do you design single best data operations platform you possibly can?". A lot of people think that that's possible, but there's a real limit to what salespeople can and can't do. Well, that's another thing I don't think about that. Listen to this episode from This Week in Startups on Spotify. It's lights out, light speed and then fully disintermediated and it's fully programmatic. 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? 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. Can you explain how you overcame both to lead the company through its 2012 IPO? Amp It Up: Snowflake boss pens hands-on CEO toolkit Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 Quick digression. I don't think about what's next. 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. We were entertainment for Wall Street for a six-week period. Museum Shop Hours: 9:30 am - 5 pm daily; 9:30 am - 4 pm in January and February. This is probably the biggest understatement of the year. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. Scale is definitely a problem because you get layers and layers and you got the problem of having tons of passengers on the boat, all these types of issues. [22] In September 2019, it was ranked first on LinkedIn 's 2019 U.S. list of Top Startups. That's actually another important bit of learning with a lot of people take on CEO roles and they keep doing their last job because that's familiar to them and they love it and they keep doing it. And companies that have been around a long time, it's near to impossible to undo the culture. BUILDINGS. And it worked like that for about a hundred years. That's the point of it. I just have been in the line of fire too long. He cuts back where he sees fit. Tour Hours: 10 am - 4 pm daily; 10 am - 3 pm in January and February. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. So, it was an incredible trial by fire. Frank Slootman - The Montgomery Summit It was sort of an adjunct to what they called the computer industry back then. 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. And that's our conversation for this week. So, what are things that we should absolutely not ask you to do ever? But predictably, we already talked about Dutch culture, that relationship between the American parent and the Dutch subsidiary didn't go so well. When I was considering Snowflake, I told Snowflake, "I will not do this if Mike doesn't come along." Before that, he spent his life in Netherlands, where he was also born. It wasn't, and the company wasn't failing financially on its growth objectives. And people are, are mesmerized by Snowflake results because they don't quite understand, where is this coming from? 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. It's just our nature to talk about problems." Everything in our world starts with technology, starts with architecture, okay? But you dont achieve a $1.8 billion net worth by being a spendthrift. I mean, there's many jobs in companies and some of them are quite far removed. I mean, it's like when people start to roll their eyes. Nothing to do with financial targets or growth targets or market capitalization. And rightfully so, by the way, because they have created something, right?. In other words, as a leadership team, it's not just the CEO. You guys are a data company, you know as well, right? You got to catch people doing things the right way and then amplify that and praise it and reward it and so on because people are like pets and children. 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. 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. As we're recording this in early 2022, the competition for talent has reached a boiling point. Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . The eight blocks of the street run from Broadway in the west to the East River in the east. But . I'm Josh King, your host, signing off from the library of the New York Stock Exchange. It's like it's full of feedback. 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. The ecommerce industry is one of the fastest-growing sectors, and at the moment, it features several players. Did you find it difficult to change Snowflake's established culture? It is data operations from the most transactional to the most analytical and everything in between, so. You could eject the tape from a tape drive and you could ship it off site. But 233 years later, American, Dutch and British interests are inexorably intertwined. The 61-year old Dutch executive's first CEO job was at an early-stage startup called Data Domain that made specialized storage hardware. CEO Frank Slootman made $287,990 in salary in 2019. Snowflake IPO: Everything you need to know | Fortune It's really every leader in the organization needs to internalize and then, want to act on it. By the way, everything he did had to be insanely great because he just couldn't get out of bed if it wasn't insanely great. And then, I had another internship after that. 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. 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 . [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]. Because now, now you're going to look people in the eye, and say, "Look, this is the way we're going to be. [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,. 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. Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. You're no longer using data to basically please a bunch of eyeballs, like, "Hope you like it. They're kind of like-. At 61 years old, Slootman has created quite the reputation for himself. We had this very high profile bidding war between the EMC and NetApp at that time. Yeah, it was a good problem. right? They just said, "Look, let's re-envision, re-imagine based on the platform realities that we now have, which was the Public Cloud. The good thing is you dont have to actually sit in with Slootman to get his lessons. It could address very few use cases. Read More 10 Things You Didnt Know About Paul StovellContinue. I mean, what drove you to move on? I speak with a fat accent and like, "What are we going to do with you, pal?" Frank shares the secrets of his success, the leadership principles that guide him, and what hes learned along the way. And I'm like, "You know what? Not all people are created equal in terms of their roles and their contributions in companies. Well, you think you're just going to turn it off? That's awesome. Reflects change since 5 pm ET of prior trading day. See what you can do with it" to data driving operations directly, right? And how that allowed him to grow Snowflake into the biggest software IPO ever, and how. That is how you energize companies. Americans are, it doesn't matter what profession they're in, they always believe they can do better. So, understanding that is really important because obviously, you can't fight it off unless you understand where it's coming from. Architecturally, just damn near perfect, so. He's like, "How do we run a supply chain?" 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. They sold the living hell out of that product. Who is Snowflake CEO Frank Slootman? | The US Sun I use that expression a lot to say, "Look, data operations is going to become your core." Snowflake CEO Frank Slootman Shares Secrets of Unrivaled Success in Frank Slootman - Narrow the Focus, Increase the Quality - [In Now, most organizations are incredibly in up still in terms of their data promise. 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." Where does a CEO Frank find time to write two books back-to-back and what was the inspiration for Amp It Up? 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. He cancelled the luxurious annual employee ski trip to Tahoe. We're always picking at things that could be better. And our conversation with Frank Slootman on how he amped up his career scaled three companies and the lessons he wants to now share with the world is coming up right after this. Frank Slootman - Chairman and Chief Executive Officer - LinkedIn Amp It Up, Frank, you write a lot about building culture and I think you had some issues at Snowflake when you got there. It's not that easy. We tried to, we wanted to get into primary storage. It's very hard. We had no experience. By the close of. We don't preside, okay?
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