Snowflake, the cloud-based data-warehousing company, has been on fire in 2020, with veteran tech CEO Frank Slootman at the center of its success. So, I ended up going back to, I really didn't want to. I can't do every speaking engagement," et cetera. 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. Because, and this is another important observation, I think. But your culture is the only thing that's really unique to you and everything else is up for grab for anybody else. I'm on the phone with customers every day. Slootman knows exactly what hes doing. Instead, hes got something equally as coola sailing boat named The Invisible Hand. I mean, it's hard to believe at this day and age that things were that way back then, but they were. What are your God-given talents? I mean, we lived in absolute terror. So, it just started to happen, but I wanted to desperately be in software at that time. 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?" So, I finally caved, okay. Okay? You relate well to that way of thinking. Thanks for listening. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." As the gold auction and also, the LBMA gold price is the world's price for gold, particularly gold, which is delivered in London. But he had also been the CEO of ServiceNow for seven years. I mean, the results speak for themselves. Now, as the story goes, England followed the Netherlands in control of Manhattan. And it worked like that for about a hundred years. This is a very buoyant country. And the other thing I'll say is we maintain a very, what we call a malcontent attitude. This page was last edited on 12 March 2021, at 18:12. 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. And if you've got a comment or a question if you'd like one of our experts to tackle on a future show, email us at. So, we came up with this war cry that said, "Tape sucks, move on." Frank Slootman, Snowflake CEO, joins 'Closing Bell: Overtime' to discuss the company as shares slump on weak guidance following Wednesday's earnings report. I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. And essentially, he defends. Because you're like, "Oh, this is great. I mean, it gets rid of you. 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? Snowflake: Not What You May Think It Is - Datanami What took you back to the Netherlands at one point? It will be fine. We played a round of golf. Well, building culture is a very forceful thing. Frank Slootman currently serves as Chairman and CEO at Snowflake. Mar 11, 2021, 11:30 ET. We had no experience. Growth opportunities abound, but what many owners of startups may not realize is that choosing a bank with sector expertise to complement your business needs is more important than ever. 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. In other words, swarm to it instead of distance yourself from it. 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 only think about now and what I'm doing today. But the world of backup and recovery, was dominated, as you said, by tape automation technologies. Yeah. 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. 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. I mean, in the book, Frank, you used the analogy of getting in the right elevator. Did you always have your eyes set on a career in the US? So, the earlier you show up, the better off you are. They're very far removed from the drive train. I mean, we had like 15X, the X of the next nearest competitor. Somebody who I had known for many, many years, so at Sutter Hill Mike Speiser. Listen to this episode from This Week in Startups on Spotify. 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. Those are the people that are right there, where the people that bring home the bacon, there when the shit hits the fan. But this whole Snowflake exercise could have turned out dramatically different, the CEO says, if the founders had pursued their original premise for what the company should be. We're going to nuke an entire industry out of existence. [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,. And when you let it happen, you get feed-ups. 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. And companies that have been around a long time, it's near to impossible to undo the culture. Helping women become better in negotiation is an urgent and essential task for organizations and individuals. Every week there was a new bid. 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. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . Well, they knew now. And the whole point of the book is I try to contrast these experiences, like look, they're not the same. I mean, they had graphical user interfaces that were completely proprietary to that company. 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. And obviously, I got that in spades at UN Royal in Indiana. So, we came out there and we said, "Look, no, we're not just going to sell a product here. And Brett Favre was that way. You really need to, look at yourself as an asset that can be applied in many, many different ways. I mean, there's many jobs in companies and some of them are quite far removed. That's not a healthy dynamic. Software was barely an industry. And people would eyeball those reports in those dashboards, and that was sort of the extent of it. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. People that the company really, really runs on. And I had already made a little bit of a name for myself in the company. But one day, and this was in March of 2019 and he said, "What would it take for you to take the helm?" But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. 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. We tried to, we wanted to get into primary storage. It's just, it's hard not to be acquainted at some level with that culture. I'm in New York. It's up to 79% of the volume has gone cleared. And it was one, and we were better known as the tape sucks company than we were by our own company name at one point. CEO Frank Slootman made $287,990 in salary in 2019. And did you have a sense that the sector was really about to explode? All of which is presented solely for informational and educational purposes. 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. Now, we're going to go move the pieces and I'm just a piece on the chessboard." The good thing is you dont have to actually sit in with Slootman to get his lessons. We were going to do the world of favor.". Early days of ServiceNow was just jungle fighting. right? It's very hard. 5.9% of any company is a huge deal. Right, you got a good point. Frank Slootman, Chairman and CEO of Snowflake (NYSE: SNOW), presided over the largest software IPO in the NYSE's history, but it wasn't his first rodeo. He's a pretty good golfer. The introduction of risk management tools for LNG freight will boost the efficiency of the virtual pipeline of LNG, a new catalyst for the liberalization of LNG and a critical milestone in the globalization of natural gas. But that is what digital transformation is. The Frank Lloyd Wright (R) Suite will be accepting bookings from January 24, 2023, through March 31, 2024. . We're not trying to find fault with people or who did what to whom. All of us, no exceptions." And of course, the appetite is insatiable for both technology and people that know how to make this future happen. Frank Slootman, Chairman and CEO of Snowflake (NYSE: SNOW), presided over the largest software IPO in the NYSE's history, but it wasn't his first rodeo. I often refer to those people as passengers and then, they're the drivers. 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. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. Right? Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. The founder brings you in to scale up the company, but finds it difficult to step aside. Data Domain went public in 2007, but two years later acquired by EMC, in my home state of Massachusetts. That's really what you want to preserve rather than layers and layers and layers and channels of communication. In the book, I go on and on about what some of those issues are. It's you're in this job for a reason. 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. If you want to know more about this CEO, this might be the book to read. He cancelled the luxurious annual employee ski trip to Tahoe. Can you explain how you overcame both to lead the company through its 2012 IPO? It became very meaningful to them. That takes very different approaches, orientation, skill sets, and so on what you do. It was sort of an adjunct to what they called the computer industry back then. It could address very few use cases. In short, money talks, and Slootmans got it in his hands and in his mouth. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". 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. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. Never seen the inside of an office or anything. A decade after his death, fantasy artist Frank Frazetta still towers over the pop culture landscape as new fans discover his work. 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. Snowflake, a cloud-based data-warehousing company, went public at $120 a share, and has since seen shares trade as high as $328 per share. There are many questions left unanswered about the months leading up to Snowflake going public. I was like, "Jesus, I spent my whole life trying to get here. 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. I mean, you're not going to get excited, "Well, we want to grow 100% this year." 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.. Instacart Appoints Frank Slootman, Chairman And CEO Of - Insider