That's not a healthy dynamic. An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. This site uses Akismet to reduce spam. I'm a miserable golfer, but somewhere along, the 18 holes, he's like, "I'll do it, but don't leave me again." 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. It is data operations from the most transactional to the most analytical and everything in between, so. But it's also, you attack and you cross again. So, this is not data warehousing, it's just one use case. It's been extremely successful since we took over. BUILDINGS. I hate to break it to the audience, but that is the way that it is. And then of course, Michael Dell found just as attractive to bring EMC into Dell. 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. And are there any particular secrets to building a consensus around the idea of change? Frank Slootman - Topp podcast avsnitt And for example, when I joined Unysis, I ended up in a corporate planning role. 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. Slootman applies this philosophy in the workplace as well. Now, as the story goes, England followed the Netherlands in control of Manhattan. I mean, the only thing that energizes people and teams and organizations and companies as a whole is the mission. I can't get you aptitude. Creative Commons Attribution-ShareAlike. 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. Whereas in business, it often takes so much longer to be confronted with the consequences of your actions and some people don't-. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. But 233 years later, American, Dutch and British interests are inexorably intertwined. Here's your host, Josh King of Intercontinental Exchange. I always tell my own people, "Look, I'm a piece on the chessboard, okay? And you need to have the flexibility of mind to really deploy yourself. This article "Frank Slootman" is from Wikipedia. We're always picking at things that could be better. I mean, that's how I felt at that time, like I had no more to give. And, how do you design single best data operations platform you possibly can?". Whatever he learned from school is probably what we should all learn. 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. And by the way, the inverse of that is what are you not good at? I mean, it gets rid of you. 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. Frank Lloyd Wright Home and Studio. And if I can't predict it, I can't change my policy, I can't change my pricing." And a lot of our people have the same malcontent attitude that I do. They all do and for a good reason. Snowflake CEO Frank Slootman made headlines with controversial comments about diversity in the workplace. ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. 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. Well, the number one bit of advice I would have is make sure you're close to the drive train. Before the break, Snowflake's CEO, Frank Slootman and I were discussing his career. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. And you had literally physical media that could logistically manage. 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. And in other words, what problems can I solve very quickly versus what is going to take longer to solve. ICE is the first exchange to list LNG freight futures contracts underpinned by the price assessments of spark commodities. 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. Correct, correct. Instacart Appoints Frank Slootman, Chairman And CEO Of - Insider The IPO was the third for Dutch-born Slootman,. Now, most organizations are incredibly in up still in terms of their data promise. In the early days, I want to say like the first eight to 10 years or so, were actually immensely frustrating to me because I was a strange animal, right? The post 'Summer House' star Danielle Olivera gets emotional talking about Robert . Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. A lot of people think that that's possible, but there's a real limit to what salespeople can and can't do. In any successful company just ask them, they will attribute success to their culture. You come with aptitude. Not all CEOs have this, but a lot of CEOs do. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . We are people that basically see everything that's wrong all day, and we always see a room up from where things are. He published a book in 2011 called Tape Sucks. Thanks for listening. I'm curious, how that opportunity at Data Domain came to you? 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. Right? I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Our guest today, Frank Slootman is chairman and CEO of Snowflake. Those are just markets, but culture is how you get up in the morning and how you prosecute your day, so it is a huge deal. 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. I mean, it was doing well. As Snowflake got bigger in 2019, the company knew it was time for leadership to take it to the next level and brought in today's guest, Frank Slootman, as CEO. And there is a following for this and the reason that we know that is because we wrote a book back in 2009, 2010, that sort of became a combat manual for entrepreneurs over the years where, because this is really for people that have nowhere else to turn. 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. You need to sort your issues into, "What am I going to focus on?" From Broke To Billionaire: How Fred Luddy Built - Forbes Look, I'm not a certain type of CEO. 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. Instacart Appoints Frank Slootman, Chairman And CEO Of Snowflake, To And after a while it's like, "Look, I can't do one-on-one meetings with a million people. Wikitia is not affiliated to Wikimedia Foundation. That's a running joke that we always have. It's like, "That's not exciting." The consequences of your action are like right there. I always become the CEO that the situation mandates and dictates. Museum Shop Hours: 9:30 am - 5 pm daily; 9:30 am - 4 pm in January and February. Frank Slootman Wiki, Biography, Age, Spouse, Net Worth, Fast Facts But the world of backup and recovery, was dominated, as you said, by tape automation technologies. The 61-year old Dutch executive's first CEO job was at an early-stage startup called Data Domain that made specialized storage hardware. And I talk about that in the book, because again, there's observations, maybe even lessons that can be extracted from what happens when you're in a crowded field and you're trying to separate yourself from the pack. And that's our conversation for this week. 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. You speak the language, like we do, but there is something different about you." In other words, wants to call it out, wants to prosecute it because you can see good behavior, bad behavior around you all day long. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . It was doubling. A term that gets used a little bit too much in too many places. Now, we're going to go move the pieces and I'm just a piece on the chessboard." And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. So, we won a lot of outraces. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. 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 . 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. 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? [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]. So, we were just picking over use cases here and there to sort of stay alive in the early days. So, what are things that we should absolutely not ask you to do ever? Snowflake CEO Frank Slootman Talks IPO Pop: Narrative Of Lost - Forbes No databases of scale and no file systems with scale. And by the way, when you see the decline of very, very storage enterprises, you can pick MG and HP and and Intel and so on, what happened to these people along the way? Frank Slootman - Forbes I'm Josh King, your host, signing off from the library of the New York Stock Exchange. Amp It Up: Snowflake boss pens hands-on CEO toolkit And companies that have been around a long time, it's near to impossible to undo the culture. 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. The improvement in technology is one of the main reasons that this commercial scene is flourishing by the, Read More 10 Things You Didnt Know about Loggi CEO Fabien MendezContinue, Tableau Softwares President and CEO Mark Nelson defines Tableaus vision and supervises the companys business operations and procedures. So, I finally caved, okay. I mean, you're not going to get excited, "Well, we want to grow 100% this year." We tried to, we wanted to get into primary storage. 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. What's the playbook?" Things will change in ways you cannot even imagine the ideas that happen. 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. After joining almost at the start in 2003, Slootman helped. 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. A compensation package he received upon joining Snowflake in April 2019 awards him a. That's when you're at risk. So in other words, I did not accept the Snowflake role until, Mike said, "I'm coming along.". Americans are, it doesn't matter what profession they're in, they always believe they can do better. Software was barely an industry. And when you let it happen, you get feed-ups. Phone: 312.994.4000. I mean, it's a hell of a cash burner as well. 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? And that is a common thread through all our companies. Give me that train wreck. Because they can't understand how spending categories can just explode overnight like that. And that's all coming up right after this. And then being able to talk about it in an intelligent, really rich-considered manner. I mean, we had like 15X, the X of the next nearest competitor. 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. Yeah, it was a good problem. But the thing that I like so much about yacht racing that I like better than being in business is when you make a mistake on the race course, it's almost immediately obvious that you did. And now, welcome inside the ICE House. He cancelled the luxurious annual employee ski trip to Tahoe. And I said, "Why not?" He's like, "How do we run a supply chain?" Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. As we're recording this in early 2022, the competition for talent has reached a boiling point. You have to have data to partial reality, right? And I had already made a little bit of a name for myself in the company. And the term BI had not even been invented back then. Episode 280: Snowflake CEO Frank Slootman Wrote the Playbook - the ICE Make the connection to a global natural gas market at ICE, get started with ICE LNG freight futures today. Company still around, by the way. The good thing is you dont have to actually sit in with Slootman to get his lessons. I mean, it's hard to believe at this day and age that things were that way back then, but they were. 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. 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. We just never backed off of it. The liberalization of LNG is creating a global natural gas market, with freight acting as a virtual pipeline between continents. Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. The dream drivers that have made the NYSE an indispensable institution of global growth for over 225 years. It was super interesting to me, sort of my first encounter with American management. And Americans always think that there's an easy answer to these questions. Blackstone Announces Appointment of Frank Slootman, Chairman and CEO of And it's like, "Well, why does that matter?" Snowflake CEO Frank Slootman on Covid and remote work adoption - CNBC 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. Insurance companies historically have not been because they are data companies by their essence, right? Right? But now, and the influence of data science, we really have to interrogate data regardless of its silo boundaries. to keep connected with us, please login with your personal info. And the reason that I found it so interesting is technology was mesmerizing. Once you start doing that, you need to take yourself out of the game. One company that embodies this vision is ThoughtSpot, an analytics company. What's the silver bullet? So, it just started to happen, but I wanted to desperately be in software at that time. They're kind of like-. They sold the living hell out of that product. 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. Strong personalities will just dictate culture in certain business units, in certain geographies and so on. It's really every leader in the organization needs to internalize and then, want to act on it. It's you're in this job for a reason. Get the world to sort of move onto a different technology platforms, et cetera. But if you're performing at Tom Brady's level, you have no reason to step aside. 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. 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? They knew exactly what we meant. When you run companies, you need to narrow the plane of attack very, very quickly. He's a Dutchman Slootman moved to Silicon Valley in 1997. And that went on literally for years, okay? Make it as easy as I could make it. And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. This is probably the biggest understatement of the year. Slootman moved to Silicon Valley in 1997. I really had to change from being an individual contributor or a small team leader to somebody who runs organizations. Africas largest economy is in the early stages of a monetary experiment that could be coming to the U.S. sooner than you think. I actually wanted to retire, truth be told. 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? Okay. Snowflake CEO on customer spending, weak guidance, A.I. and the company Frank Slootman currently serves as Chairman and CEO at Snowflake. Including his options, Slootman owns about 10% of Snowflake. 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. He cuts back where he sees fit. 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. Yeah, there's no doubt. It will be fine. You arrived at something like tape sucks. That is the X factor in companies, but it starts with weaponizing the mission. 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. I mean, you probably have even a sense of things that you know you're not good at. [1] And when you buy companies, it gets worse, right? And essentially, he defends. 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. It was the lowest ranking job in the entire world of IT, if you were involved with tape automation. Yacht Racing is incredibly exciting and then it has a lot of corollaries to business because it's this multidimensional game of weather and competition, and what happens on the race course and reacting to it. So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. 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. 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, it was actually pretty interesting because this was sort of a forerunner of a data analytics, business intelligence type of company. When a company is buying a million dollars from you in the course of a year, what are they getting? But one day, and this was in March of 2019 and he said, "What would it take for you to take the helm?" Right? I'm the opposite. And it worked like that for about a hundred years. I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. So, because we all have our that's sell of awareness. And we were babes in the wood back then. Frank Slootman - Narrow the Focus, Increase the Quality - [In Right? I'm buying aptitude and then I'm going to develop that with experience, right? I use that expression a lot to say, "Look, data operations is going to become your core." Snowflake CEO Frank Slootman Leading for Hypergrowth 2,637 views Jan 15, 2022 Frank Slootman is an American billionaire businessman, individual investor, technology executive, and the. I mean, to this day, with all the other things that we've done, I still treasured that experience greatly and it's still a very large business to this day. All these things eventually came together. 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. They're very well dialed into it. So, they looked around and they found the guy with a passport to Dutch language proficiency like. Some portions of the proceeding conversation may have been edited for the purpose of length or clarity. Snowflake is Slootmans third IPO. Because now you're buying somebody else's culture. So, we're going to be in the middle of that. Career In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO.