frank slootman house

Right, you got a good point. Yeah. Snowflake is Slootmans third IPO. I mean, anecdotal observation has pretty much run its course. Company still around, by the way. I speak with a fat accent and like, "What are we going to do with you, pal?" [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]. It was great and it lasted the entire duration. And it was really my wife who said, "No, no, we'll go. That's really what you want to preserve rather than layers and layers and layers and channels of communication. The Dutch have all always been enterprising. 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. I think EMC was exactly the right acquirer because they just sort of had the orientation and the scale and the intensity culturally. And that's all coming up right after this. It was the lowest ranking job in the entire world of IT, if you were involved with tape automation. Most people just preside over culture. Everything in our world starts with technology, starts with architecture, okay? That's a running joke that we always have. You need to sort your issues into, "What am I going to focus on?" 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. No. What are your God-given talents? Where I come from, people are quite resigned to their fate. That is the most, that is so unproductive. I mean, the results speak for themselves. We're two sides of a coin, which is a reason why we've shown up in so many companies together. And I'm like, "You know what? And then, I had another internship after that. The interesting thing about data domain was it was very, very slow going. It became very meaningful to them. Learn how your comment data is processed. So, I finally caved, okay. And by the way, insurance companies are already pretty data savvy, but every single industry is experiencing these kinds of questions. I need to know what that is. Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. Because now you're buying somebody else's culture. I mean, they had graphical user interfaces that were completely proprietary to that company. You've said that you were really born in the wrong country. While most CEOs 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. I'm the opposite. 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. And the whole point of the book is I try to contrast these experiences, like look, they're not the same. 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. 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. Early days of ServiceNow was just jungle fighting. I actually wanted to retire, truth be told. But you dont achieve a $1.8 billion net worth by being a spendthrift. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". They're very far removed from the drive train. But eventually, I returned to Holland about a year later, resumed my education. Thanks so much for joining us inside the Ice House. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. That's where we're at right now. Investors know this about us. 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. He published a book in 2011 called Tape Sucks. 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 . 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. 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. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. 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. Yeah, that goes back about mission posture. Give me that train wreck. All of us, no exceptions." 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. It wasn't, and the company wasn't failing financially on its growth objectives. We left off before the break with your decision to literally set sail after 33 years of a career that took you all over the globe, including bringing two companies public. the internship sort of came about because I was about a year ahead of schedule at the university. Others might say that hes completely brash. Because when all the energy and all the quality of resources is fully concentrated on the mission, that's pure magic, okay? 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. I'm in New York. At 61 years old, Slootman has created quite the reputation for himself. And it was difficult for him to sort of hand over the reins, but the investors in the company convinced him that, "Look, we think that this is needed," because the company was growing well. That's awesome. Let me bring you back 10 years to 2012, Benoit Dageville, Thierry Cruanes, and Marcin ukowski started Snowflake as the secret name of the startup they were working on during that particularly hot summer. Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth . 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. He's like, "How do we run a supply chain?" So, after six years of success, by any metric, by playing the king on that ServiceNow chess board, why was it time to step down? And, likewise, when I go to Holland and I meet Dutch customers there, they kind of look at me with a smirk, like, "Yeah, I can tell you're Dutch. And if I can't predict it, I can't change my policy, I can't change my pricing." You're no longer using data to basically please a bunch of eyeballs, like, "Hope you like it. Photo by Christie Hemm Klok/The Forbes Collection. In other words, swarm to it instead of distance yourself from it. Tell me about sailing, first of all. That's when you're at risk. Career In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. It was doubling. You could have a meeting in the hallway with the entire company. And then Snowflake is again, a totally different. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. So, we came out there and we said, "Look, no, we're not just going to sell a product here. Not all CEOs have this, but a lot of CEOs do. And that is a common thread through all our companies. So, getting an internship in the US in those days was a really big deal and it really didn't matter to me, where it was, what company it was, I just wanted to have the exposure to what is that like. People naturally become very unfocused, very, very easily. 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. [23] Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. It's like, "That's not exciting." I can't get you aptitude. 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. If you like what you heard, please rate us on iTunes, so other folks know where to find us. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. A term that gets used a little bit too much in too many places. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. 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?" 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? And you need to have the flexibility of mind to really deploy yourself. So, Frank, as we wrap up final question, and if it's a spoiler alert for Mike Scarpelli, if he's listening, Mike, you can turn off the podcast now. It becomes the beating heart of a modern enterprise. This is really think about it as a database in the Cloud. And my email just dribbled down to nothing and all this kind of thing." 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. I'm curious, how that opportunity at Data Domain came to you? He says, "If I have a problem in a state like Florida, where bodily injury claims are disproportionate to surrounding states, what explains that? They want to know what good behavior is. By the close of. The 61-year old Dutch executive's first CEO job was at an early-stage startup called Data Domain that made specialized storage hardware. What's your advice about someone climbing the corporate ladder looking to make that leap? But your culture is the only thing that's really unique to you and everything else is up for grab for anybody else. The good thing is you dont have to actually sit in with Slootman to get his lessons. He cuts back where he sees fit. We're always picking at things that could be better. Theres no surprise here. 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. Strong personalities will just dictate culture in certain business units, in certain geographies and so on. Look, I'm not a certain type of CEO. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. I use that expression a lot to say, "Look, data operations is going to become your core." But one day, and this was in March of 2019 and he said, "What would it take for you to take the helm?" You can't help but run into Dutch people everywhere because they have such a small country. But the issue with the acquisition, by the way, I've never sold a company in my life other than that one, so I'm not prone to selling at all. Not all people are created equal in terms of their roles and their contributions in companies. I don't care for any of that. Let's go." They're high anxiety, they're entrepreneurs, they're CEO, and sort of getting a very unvarnished view, inside view from a fellow traveler. 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. After all, he has experience on his side. When a company is buying a million dollars from you in the course of a year, what are they getting? Data has no opinion. I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. But he had also been the CEO of ServiceNow for seven years. 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. [22] In September 2019, it was ranked first on LinkedIn 's 2019 U.S. list of Top Startups. Can you explain how you overcame both to lead the company through its 2012 IPO? Read More 10 Things You Didnt Know About Paul StovellContinue. 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? 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. People who have seen sort of the ticker symbol of Snowflake pass their eyes on CNBC and see how its companies perform and say like, "What is that company with the name after falling snow from the sky?" 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.

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