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? They did not try to carry technology or ways of thinking forward. The list of its authors can be seen in its historical. Can you explain how you overcame both to lead the company through its 2012 IPO? 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.. I mean, it's like when people start to roll their eyes. You want to be that person, okay? Mar 11, 2021, 11:30 ET. All Rights Reserved. He's a pretty good golfer. You relate well to that way of thinking. Everyone's watching. While that is probably not, my temperament is not terribly well-suited for those types of jobs. By the way, our two largest competitors were both bidding for the company at the same time. But that is what digital transformation is. But you dont achieve a $1.8 billion net worth by being a spendthrift. Right? And I had already made a little bit of a name for myself in the company. It wasn't, and the company wasn't failing financially on its growth objectives. And you need to have the flexibility of mind to really deploy yourself. Frank Horvat helped elevate fashion photography into high art, and with his thoughtful photographs, changed how we look at fashion altogether. the internship sort of came about because I was about a year ahead of schedule at the university. Leone took Luddy on a host of interviews. And everybody was like, "Who's Data Domain? And there were many, many players in that segment, by the way. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. 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). Frank Slootman - Chairman and Chief Executive Officer - LinkedIn A decade after his death, fantasy artist Frank Frazetta still towers over the pop culture landscape as new fans discover his work. You're finding the best sailors in the world and all of that. It's not just a scale. He cuts back where he sees fit. Get the world to sort of move onto a different technology platforms, et cetera. That's a running joke that we always have. 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? Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. 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. I just have been in the line of fire too long. When I was considering Snowflake, I told Snowflake, "I will not do this if Mike doesn't come along." Data Domain was really an interesting company. I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. And that's a whole different deal. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. Never heard of that company." But yeah, then I was off for two years and I did a lot of sailboat racing and I did talk about that in the book as well, because that was a passion and I'd never been able to do that without guilt. I mean, we were crawling the bottom in the early days, so we had a product that had marginal product market fit. Snowflake CEO collects a $95 million payout every month Frank Slootman, Snowflake CEO, joins 'Closing Bell: Overtime' to discuss the company as shares slump on weak guidance following Wednesday's earnings report. Now, we're going to go move the pieces and I'm just a piece on the chessboard." Because now, now you're going to look people in the eye, and say, "Look, this is the way we're going to be. And then, I had another internship after that. That takes very different approaches, orientation, skill sets, and so on what you do. And historically, people have tried to answer these questions anecdotally. If it's not related to our core mission, we don't want to hear about it. It takes a ton of work to maintain intense focus on the mission, so that's the weaponizing. Chiefs defensive lineman Chris Jones recorded his first sacks of his postseason career in a redemptive victory, and his linemate Frank Clark stepped up in the playoffs once again. The question is, what are you going to do? Now, what that does the weaponizing, what that does is we block everything else out. I was just shot. 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. We don't preside, okay? 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? Our first thought was "not again" - he co-wrote Rise of The Data Cloud last year. Our guest was Frank Slootman, the Chairman and CEO of Snowflake. Yeah, in some areas it's easier than others, and in sales, we can just look at what people have done the past. Software was barely an industry. That's the reason why this country does so well. 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. And rightfully so, by the way, because they have created something, right?. Slootman said diversity comes second when making . Frank's new book, Amp It Up: Leading For Hyper Growth By Raising Expectations, Increasing Urgency and Elevating Intensity, still is the leadership principles he's developed over his long career. I don't care for any of that. It became very meaningful to them. 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. Let's go." I mean, it gets rid of you. Reflects change since 5 pm ET of prior trading day. So in other words, I did not accept the Snowflake role until, Mike said, "I'm coming along.". Instead, hes got something equally as coola sailing boat named The Invisible Hand. Architecturally, just damn near perfect, so. The ambitions that happen, the boldness that happens as a result of that, that becomes the magic. If you like what you heard, please rate us on iTunes, so other folks know where to find us. And you can take it or leave it and try it on for size and see if you like it." Americans are, it doesn't matter what profession they're in, they always believe they can do better. Early days of ServiceNow was just jungle fighting. 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. It is data operations from the most transactional to the most analytical and everything in between, so. Frank Slootman currently serves as Chairman and CEO at Snowflake. Frank Slootman - The Montgomery Summit We're driving change. Before the break, Snowflake's CEO, Frank Slootman and I were discussing his career. But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. [22] In September 2019, it was ranked first on LinkedIn 's 2019 U.S. list of Top Startups. That's not a healthy dynamic. And it's very rare to create that kind of value. What's the silver bullet? But EMC prevailed. And when the whole world goes direct to consumer and it becomes disintermediated and goes wholly digital, the role of data obviously becomes insanely important. This is very much a country that believes things that other countries don't believe. That's the point of it. It will be fine. That's NYSE ticker symbol, S-N-O-W. His book from John Wiley and Sons, Amp It Up: Leading For Hypergrowth By Raising Expectations, Increasing Urgency, and Elevating Intensity is in bookstores and online now. It was super interesting to me, sort of my first encounter with American management. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. So, because we all have our that's sell of awareness. Read More 10 Things You Didnt Know About Paul StovellContinue. 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. You hit a mark, you have to do two 360s. We had this very high profile bidding war between the EMC and NetApp at that time. Frank Slootman Is No Snowflake | Sequoia Capital US/Europe So, we came out there and we said, "Look, no, we're not just going to sell a product here. I mean, what drove you to move on? He published a book in 2011 called Tape Sucks. 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. They just have such a hard time doing it because that's who they are, that's what they live for. I mean, we have bumper stickers and people would at trade shows would stick them on tape libraries. 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. But eventually, I returned to Holland about a year later, resumed my education. And I'm like, "You know what? 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. It was the lowest ranking job in the entire world of IT, if you were involved with tape automation. Slootman recently spoke at the CNBC. People that the company really, really runs on. 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. So, what are things that we should absolutely not ask you to do ever? They only learn from consequences, so you got to create consequences, good and bad when things happen and things happen all day long.

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