If you like what you heard, please rate us on iTunes, so other folks know where to find us. 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. Another Dutch trend setter with the Winfrey title is Frank Slootman, the chairman and CEO of Snowflake. And I had already made a little bit of a name for myself in the company. If you like what you heard, please rate us on iTunes, so other folks know where to find us. And when you buy companies, it gets worse, right? But the world of backup and recovery, was dominated, as you said, by tape automation technologies. Photo by Christie Hemm Klok/The Forbes Collection. We played a round of golf. Right. Tour Hours: 10 am - 4 pm daily; 10 am - 3 pm in January and February. That's when you're at risk. They want to know what good behavior is. Give me that train wreck. This is probably the biggest understatement of the year. It's up to 79% of the volume has gone cleared. 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. You need to sort your issues into, "What am I going to focus on?" So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. It became very meaningful to them. 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. Snowflake now has Frank Slootman as chairman and CEO. And obviously, I got that in spades at UN Royal in Indiana. I always tell my own people, "Look, I'm a piece on the chessboard, okay? A decade after his death, fantasy artist Frank Frazetta still towers over the pop culture landscape as new fans discover his work. Software was barely an industry. When a company is buying a million dollars from you in the course of a year, what are they getting? I mean, what drove you to move on? 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. Snowflake CEO Frank Slootman is the toast of the big data community, and following the $3.4 billion IPO, a favorite on Wall Street too. What are your God-given talents? It's very hard. So, she talked me into it because I was on the verge of saying, "Look, I'm not going back there." And after a while it's like, "Look, I can't do one-on-one meetings with a million people. I mean, that's how aligned this is, okay? Frank, how did those early experiences rising through the ranks and being sent from problem to problem help you establish the principles for success that your career would see? But as I got into retirement, the whole experience of retirement changes in the beginning, it's very euphoric, right? 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 [emailprotected] or tweet at us @icehousepodcast. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. In the book, I go on and on about what some of those issues are. The book accounts his time in Data Domain and so much more. Frank Slootman currently serves as Chairman and CEO at Snowflake. Frank shares the secrets of his success, the leadership principles that guide him, and what hes learned along the way. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. And it's like, "Well, why does that matter?" And opinions, everybody's got one, but data doesn't lie. What attracted you to the space? 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). Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. Are you just going to look the other way or are you going to call it out? And that's all coming up right after this. As we're recording this in early 2022, the competition for talent has reached a boiling point. Everybody has access to capital. 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. Windows 3.1 didn't even exist. 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. 10 Things You Didnt Know about Loggi CEO Fabien Mendez, 10 Things You Didnt Know about Mark Nelson, 10 Things You Did Not Know About Thoughtspot CEO Sudheesh Nair, 10 Things You Didnt Know About Guy Nirpaz, 10 Things You Didnt Know About Paul Stovell, How Ali Wong Achieved a Net Worth of $3 Million, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe. New competitors, new partner ecosystems, so it was like, "Wow, this is the future." I just took a job with a software company just to be in software and that's sort of the extent of my thinking on that. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. It's just, it's hard not to be acquainted at some level with that culture. Take our own company, Intercontinental Exchange, for example. Good sales people have a track record. The Dutch have all always been enterprising. But for many, many other enterprises, including a lot of banks actually in the world of financial services, because they operate through branches and very conventional brick and mortar ways of interacting with customers, all of a sudden, it has to change rapidly. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. I mean, anecdotal observation has pretty much run its course. You relate well to that way of thinking. Because that's what it is. And it was really my wife who said, "No, no, we'll go. 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. The nascent liquidity of spot LNG freight markets, and the volatility of time charter rates has boosted demand for risk management tools. I'm Josh King, your host, signing off from the library of the New York Stock Exchange. 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. I'm trying to get into markets, not get out of them, but strategically we had a dilemma and others that we were, what I would call landlocked, maybe another nautical Dutch type of term, because we couldn't get beyond our core business of backup and recovery. He said, "Because you guys are indicting everything I've done." Because they can't understand how spending categories can just explode overnight like that. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . We cannot just read our emails and have a few phone conversations and know what's going on. 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. I think EMC was exactly the right acquirer because they just sort of had the orientation and the scale and the intensity culturally. At 61 years old, Slootman has created quite the reputation for himself. Thanks so much for joining us inside the Ice House. Sometimes that is hard for American audiences. Mar 11, 2021, 11:30 ET. 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. But in the end, it's like we have to get into backup software in which we tried. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. I don't care for any of that. So, I finally caved, okay. In a few weeks, when the 2022 winter Olympics get underway in Beijing, I'll have my eyes peeled for 22-year-old, Jutta Leerdam, the reigning world speeds skating champion with over 800,000 followers on Instagram, who's proven herself a trend setter on and off the ice. Frank Slootman added: " I'm excited to advise Blackstone. How does that work at Snowflake? And Mike, he takes on the end entire spectrum of controls and administration. And I say, "Stop putting labels on yourself. 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. He knows what problems exist in his field today, and he knows how to address them as well. That's where we're at right now. Many in the emerging tech sector would name Frank Slootman easily because of the kind of substance he gives when he speaks. Our first thought was "not again" - he co-wrote Rise of The Data Cloud last year. 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. And we publish the data transparently on our site, so anyone can come and see what actually happened in the auction. But yeah, aptitude is really about, what are you innately good at? Now, tape technologies go all the way back to the early days of computing, because that was the form of magnetic storage that we had. When I'm on offense out there, I don't worry about what's going on at home at the farm because that is in a very, very tight control mode. The good thing is you dont have to actually sit in with Slootman to get his lessons. But you dont achieve a $1.8 billion net worth by being a spendthrift. And then, I had another internship after that. And when you let it happen, you get feed-ups. Now, what that does the weaponizing, what that does is we block everything else out. I mean, it was just trying to stay alive. 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 . It takes a ton of work to maintain intense focus on the mission, so that's the weaponizing. Instead, hes got something equally as coola sailing boat named The Invisible Hand. We don't preside, okay? 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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. Whatever he learned from school is probably what we should all learn. Technology executive Frank Slootman took software company Snowflake public in one of the biggest tech IPOs of 2020, raising $ 3.4 billion at a $33.3 billion valuation. By the close of. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. That culture really keeps you safe from being indulgent or just, you're sort of presiding. And that's the American flavor and flare that has built up over three, almost four decades. Listen to this episode from This Week in Startups on Spotify. But let's focus on another dilemma that brought up in the book, Frank. He cuts back where he sees fit. 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. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. It pays a lot to be in the business of knowing what you do, and Slootman knows more than the rest of us when it comes to money, the market, and the software industry. Slootman has become somewhat of a business hero for many people, myself included. [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,. Never seen the inside of an office or anything. Technology executive Frank Slootman took software company Snowflake public in one of the biggest tech IPOs of 2020, raising $ 3.4 billion at a $33.3 billion valuation. He was pretty smart to use nautical expressions in that conversation, take the helm at Snowflake. 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. That is the most, that is so unproductive. Right? Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. It was sort of an adjunct to what they called the computer industry back then. You need to be invested in the moment, in the present, rather than I'm thinking about my next move. Creative Commons Attribution-ShareAlike. 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. The company, which prides itself as the leading customer success, Read More 10 Things You Didnt Know About Guy NirpazContinue, Medical marijuana is increasingly becoming a popular trend in the treatment and management of different diseases including chronic and fatal ones such as Alzheimers disease, brain tumors, cancer, HIV/AIDS, chronic pain, and multiple sclerosis. Then, they discuss Frank's hiring philosophy and how to create a winning relationship between an executive and their direct reports . Okay. I mean, all these greats, right? [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. Once you start doing that, you need to take yourself out of the game. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. It wasn't long before top VCs weighed in. One of the reasons I made it a very transparent discussion is that most people think that when you have these highly successful company, it just happens like poof, beautifully. An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. You could have a meeting in the hallway with the entire company. They're very lonely in their jobs. I mean, we lived in absolute terror. 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. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. A term that gets used a little bit too much in too many places. But your culture is the only thing that's really unique to you and everything else is up for grab for anybody else. Here's why this makes sense while looking at some options. 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 you got to go back to the early days of Steve Jobs, who always had this glimmer of, "I'm going to do something insanely great." Right? It will be fine. The question is, what are you going to do? You cannot sell your way through a crappy product, okay? I'm in New York. Bachelor of Science, Erasmus University Rotterdam, The Netherlands; Master of Science, Erasmus University Rotterdam, The Netherlands. So, we were just picking over use cases here and there to sort of stay alive in the early days. Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. The eight blocks of the street run from Broadway in the west to the East River in the east. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. But that is what digital transformation is. Yeah. They're kind of like-. He published a book in 2011 called Tape Sucks. So, it was an incredible trial by fire. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along."

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