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And when you let it happen, you get feed-ups. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017, taking the organization from around $100M in revenue, through an IPO, to $1.4B. But as I got into retirement, the whole experience of retirement changes in the beginning, it's very euphoric, right? It's not that easy. Tour Hours: 10 am - 4 pm daily; 10 am - 3 pm in January and February. So, I finally caved, okay. But the problem with tape was, I mean, tape got lost, tape became unreadable. 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? Everybody has access to capital. It takes nothing. The post 'Summer House' star Danielle Olivera gets emotional talking about Robert . Data Domain was really an interesting company. Well, that's another thing I don't think about that. And are there any particular secrets to building a consensus around the idea of change? They want to know what bad behavior is. And Americans always think that there's an easy answer to these questions. And we were babes in the wood back then. 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. It was very formative. 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. So, it just started to happen, but I wanted to desperately be in software at that time. Theres no surprise here. 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. You have served, as I intimated in the introduction, as the CEO of companies in Silicon Valley and now, Montana, but your story really begins 5,500 miles away from the West Coast. Make the connection to a global natural gas market at ICE, get started with ICE LNG freight futures today. Now, we're going to go move the pieces and I'm just a piece on the chessboard." And then, I had another internship after that. One company that embodies this vision is ThoughtSpot, an analytics company. There's no doubt, I'm a total hybrid here. Because that's what it is. You want to be the playmaker and the people that they're going to pass the ball to when we have two seconds left in the quarter, that kind of thing. People were looking at my credentials. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. This is a country that's very aspirational. 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. That's a running joke that we always have. CEO Frank Slootman told CNBC in January that after the Covid-19 outbreak forced people to work from home, it became clear that the old way of working wasn't going to return. Frank Horvat helped elevate fashion photography into high art, and with his thoughtful photographs, changed how we look at fashion altogether. 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. So, the earlier you show up, the better off you are. Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. Everybody has ideas. Yeah, that goes back about mission posture. 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.. It's up to 79% of the volume has gone cleared. I'm in New York. This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. Frank Slootman currently serves as Chairman and CEO at Snowflake. You guys are a data company, you know as well, right? Frank shares the secrets of his success, the leadership principles that guide him, and what hes learned along the way. But you dont achieve a $1.8 billion net worth by being a spendthrift. It's a small country, obviously, which is why they sort of veer far and wide. You really need to, look at yourself as an asset that can be applied in many, many different ways. And we introduced a centrally cleared model with ICE as the central counterparty, because that makes it much easier for new firms to join. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. Early days of ServiceNow was just jungle fighting. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. Yeah, in some areas it's easier than others, and in sales, we can just look at what people have done the past. No databases of scale and no file systems with scale. But he had also been the CEO of ServiceNow for seven years. Slootmans style of leadership is not gentle at all. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. At the same time, that was enormous anxiety about how the company was unfolding. Quick digression. I mean, you probably have even a sense of things that you know you're not good at. So, a book becomes highly scalable way of really creating some well-curated observations around "Look, here's what we believe to be true about the trajectory that we've been on. And the reason that I found it so interesting is technology was mesmerizing. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. Amp It Up, published a scant of 13 months after the Rise of the Data Cloud, which you wrote with Steve Hamm. How does having who's worked closely with you for years help you accomplish your goals of hyper growth without losing focus? Yeah, it was a good problem. It was doubling. Good sales people have a track record. 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? Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. Slootman said he understands people might be eager to more freely leave their homes once long-standing public health restrictions are eased, potentially wanting to return to pre-pandemic routines . All of us, no exceptions." And it's very rare to create that kind of value. Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. And people really want to be led in that manner. 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. When you get that sensation, you do need to leave because you're no longer the right person for that situation. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." It's you're in this job for a reason. Once you understand relationships, you can now predict them. 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. After the break Snowflake's CEO Frank Slootman and I are going to preview and review some of the other lessons in his new book, Amp It Up. And how that allowed him to grow Snowflake into the biggest software IPO ever, and how. And he and I have very short conversations because by the time we start asking the question, we already know what the answer is type of thing. And I was like completely taken aback because there not a single thread thinking about that, considering that, considering any role of any sorts. 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. Back then, there were hardly any software companies around. 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. Given his accolades, Slootman gets invited to speak at many events. In this technological era, the field of analytics is vital as it makes it easy to access needed information without much of a hassle. I mean, in the book, Frank, you used the analogy of getting in the right elevator. So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. This is really think about it as a database in the Cloud. All of which is presented solely for informational and educational purposes. It has certainly worked well for himself, for the companies hes worked under, the many investors that have poured money in his name, and so forth. 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. And that's a whole different deal. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. I need to know what that is. 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 EMC prevailed. Not all people are created equal in terms of their roles and their contributions in companies. It's lights out, light speed and then fully disintermediated and it's fully programmatic. Okay? Every week there was a new bid. After all, he has experience on his side. If you want to know more about this CEO, this might be the book to read. Our guest today, Frank Slootman is chairman and CEO of Snowflake. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. For example, he made a few changes at Snowflake when he became CEO. Wikitia is not affiliated to Wikimedia Foundation. Because now, now you're going to look people in the eye, and say, "Look, this is the way we're going to be. Then, they discuss Frank's hiring philosophy and how to create a winning relationship between an executive and their direct reports . That's NYSE ticker symbol S-N-O-W or snow who, like the immigrant inhabitants of New Amsterdam more than two centuries ago, has proven himself a master entrepreneur and visionary leader, able to take a great idea and scale it massively, and then apply the same playbook again and again. Yeah, yeah. 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. 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. The perception in Holland of United States is very, and I don't want to use the word biased, that might be too strong. Frank Slootman has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. And obviously, I got that in spades at UN Royal in Indiana. Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. Better, better all the time. Strong personalities will just dictate culture in certain business units, in certain geographies and so on. 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 by the way, data platforms have been extremely fragmented historically. Snowflake CEO Frank Slootman on moving the needle, win-first culture & managing burnout | E1689. And you need to have the flexibility of mind to really deploy yourself. I'm like, "We're not trying to indict what you've done. If it's not related to our core mission, we don't want to hear about it. In 2003, he became CEO of storage startup Data Domain, taking it public in 2007 and selling it to EMC in 2009 for $1.8 billion. We're two sides of a coin, which is a reason why we've shown up in so many companies together. Those are the people that are right there, where the people that bring home the bacon, there when the shit hits the fan. 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. We actually won everything that we wanted to win. They sold the living hell out of that product. When a company is buying a million dollars from you in the course of a year, what are they getting? You speak the language, like we do, but there is something different about you." And after a while it's like, "Look, I can't do one-on-one meetings with a million people. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . And when you buy companies, it gets worse, right? In other words, you got to really mean it, okay? The question is though, for investors, for others, for employees, how do you keep momentum going now as a public company and how does the future look for Snowflake? They're very lonely in their jobs. It became very meaningful to them. As we're recording this in early 2022, the competition for talent has reached a boiling point. 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. 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?" 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). It doesn't matter how big we are, as long as we have a compelling mission that we want to get up for every day and swing for defenses and then, it's not hard. And then I change myself to become that flavor of CEO. And the whole point of the book is I try to contrast these experiences, like look, they're not the same. You could have a meeting in the hallway with the entire company. Snowflake CEO Slootman Scores IPO Hat Trick With Big Bet on Data Software company aims to benefit from companies increasingly storing information in multiple clouds Big tech firms are investing. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. They did not try to carry technology or ways of thinking forward. And that's all coming up right after this. I'm buying aptitude and then I'm going to develop that with experience, right? They only learn from consequences, so you got to create consequences, good and bad when things happen and things happen all day long.