frank slootman house

frank slootman house

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. right? I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. They want to know what bad behavior is. I hate to break it to the audience, but that is the way that it is. But that is what digital transformation is. And fortunately, the temperament that is in you, it's going to re-manifest itself sooner or later. I mean, without the foresight of having read Amp It Up, our listeners might assume that a jump from into software would take you really the rest of the way in your career from your start in Europe, to Indiana, the Midwest, all the way to California. Things will change in ways you cannot even imagine the ideas that happen. After joining almost at the start in 2003, Slootman helped. Good sales people have a track record. We're always picking at things that could be better. So, they looked around and they found the guy with a passport to Dutch language proficiency like. It was very formative. 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. 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. We are people that basically see everything that's wrong all day, and we always see a room up from where things are. All these things eventually came together. 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 then again, there really is only one Frank Slootman, IPO master in the world. So, what are things that we should absolutely not ask you to do ever? But the problem with tape was, I mean, tape got lost, tape became unreadable. We played a round of golf. 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. So, it sort of lit a fire under me, just the prospect of doing that, it just kind of brought me back from my burned out state in 2017 to two years, feeling incredibly challenged, energized, and sort of having a new leash on life, if you will take on something like that. I mean, the results speak for themselves. And by the way, data is going to, some people have referred to it as a new currency to new oil, whatever you want to call it, but. Obviously, I was a young man and not even in my mid-30s and I'm taking over a whole business, a whole organization, global, all this kind of stuff, so, it was a hell of. And now, I feel like I'm being haunted, by this Dutch thing, this cloud that's hanging over me." What's the playbook?" Obviously, that industry had moved on to all kinds of different disk space 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. Fred Luddy, the founder of ServiceNow, I mean, super talented guy, obviously. This page was last edited on 12 March 2021, at 18:12. I mean, it's hard to believe at this day and age that things were that way back then, but they were. What kind of people fail here and why?" So, I really lift that cross and the chasm dynamic. And historically, people have tried to answer these questions anecdotally. An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. In other words, as a leadership team, it's not just the CEO. When you run companies, you need to narrow the plane of attack very, very quickly. 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. the internship sort of came about because I was about a year ahead of schedule at the university. And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. And opinions, everybody's got one, but data doesn't lie. Not exactly like a year and a half, he'd been there for seven years. 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. It wasn't long before top VCs weighed in. If you like what you heard, please rate us on iTunes, so other folks know where to find us. I only think about now and what I'm doing today. But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. But one day, and this was in March of 2019 and he said, "What would it take for you to take the helm?" And, how do you design single best data operations platform you possibly can?". Right, you got a good point. Including his options, Slootman owns about 10% of Snowflake. Those are really good conversation, good questions to have because each organization is different. And by the way, for most people, that's a very difficult question. Instead, hes got something equally as coola sailing boat named The Invisible Hand. And by the way, insurance companies are already pretty data savvy, but every single industry is experiencing these kinds of questions. I mean, anecdotal observation has pretty much run its course. And it was really my wife who said, "No, no, we'll go. 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. You can only sail so much, [crosstalk 00:31:19]. And also in sailing, you're always looking for new adventures, different platforms and things of that sort to sort of keep it interesting, continual learning experience and so on, rather than rinse and repeat. It's like, "That's not exciting." Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . 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. They're very safe. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. Frank Slootman - Narrow the Focus, Increase the Quality - [In In Amp It Up, you're pretty open about the struggles the company faced in its business and leadership. Software was barely an industry. So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. 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, that's how aligned this is, okay? 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? But it's not what it really is, so it wasn't an enormous surprise to me to come here. But they do because the world is changing to digital and this is the essence of digital transformation. So, I just had some peripheral view of the company, as well as its strategic challenges, by the way. So, the earlier you show up, the better off you are. They did not try to carry technology or ways of thinking forward. I mean, the problem with backup and recovery is, yeah, you can do backups, but the point of backup is recovery because if I can't find or read tapes, I'm still up the creek without a paddle. The Last Of Us offers up its best episode yet, though this one diverges from the source material much more than the previous two. And he always talked about Snowflake because it was a very exciting company to him and I didn't know that much about it, but enough to have a conversation. Snowflake now has Frank Slootman as chairman and CEO. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. Data has no opinion. They've never really been asked that before. But let's focus on another dilemma that brought up in the book, Frank. 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. Learn how your comment data is processed. I mean, it was doing well. Well, that's another thing I don't think about that. But if you're performing at Tom Brady's level, you have no reason to step aside. 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. It becomes the beating heart of a modern enterprise. Yeah, yeah. Okay? In short, money talks, and Slootmans got it in his hands and in his mouth. What attracted you to the space? The question is, what are you going to do? Correct, correct. And when you buy companies, it gets worse, right? Everything in our world starts with technology, starts with architecture, okay? Helping women become better in negotiation is an urgent and essential task for organizations and individuals. 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. Because they can't understand how spending categories can just explode overnight like that. I mean, truly retire. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. There are many questions left unanswered about the months leading up to Snowflake going public. ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. Thanks so much for joining us inside the Ice House. Wikitia is not affiliated to Wikimedia Foundation. By the close of. Before becoming President and CEO, Mark served as Tableaus Executive Vice President of Product Development, coordinating the, Read More 10 Things You Didnt Know about Mark NelsonContinue. That's a running joke that we always have. But he had also been the CEO of ServiceNow for seven years. And I said, "Why not?" And that is a common thread through all our companies. No databases of scale and no file systems with scale. These days, a lot of folks take it for granted, but Wall Street has a fascinating history. 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. Because now you're buying somebody else's culture. And did you have a sense that the sector was really about to explode? The list of its authors can be seen in its historical. In other words, somebody who has lived their lives over and over. In 2011, you joined ServiceNow, a name that's really quite familiar to our listeners where you were confronted by that old conundrum of the CEO founder that we've discussed on this podcast before. This is kind of the pattern that ICE has seen through how different markets have developed, but normally that takes 10 years, whereas actually, it's taken 10 weeks in the auction. 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? After all, he has experience on his side. Amp It Up, published a scant of 13 months after the Rise of the Data Cloud, which you wrote with Steve Hamm. Snowflake CEO Frank Slootman made headlines with controversial comments about diversity in the workplace. And I'm like, "You know what? A decade after his death, fantasy artist Frank Frazetta still towers over the pop culture landscape as new fans discover his work. And having incredible meaning and potency and yield value for applications you never imagined. I'm buying aptitude and then I'm going to develop that with experience, right? Now, amid an ongoing legal battle, its got to clean up a very public mess. They're kind of like-. That's not a healthy dynamic. BUILDINGS. People that the company really, really runs on. Whatever he learned from school is probably what we should all learn. I mean, what drove you to move on? What's your advice about someone climbing the corporate ladder looking to make that leap? 5. We had this very high profile bidding war between the EMC and NetApp at that time. SAN MATEO, CA - May 1, 2019 - Snowflake Inc., the only data warehouse built for the cloud, today appointed Frank Slootman as its Chairman and Chief Executive Officer.Former CEO, Bob Muglia, has left the company after leading Snowflake through five years of unprecedented growth. While most CEO's 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. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. 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. The IPO was the third for Slootman, who moved to California for a job at Compuware in the dot-com boom, then worked at Borland Software. 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. If there were one person you could sit and learn from today, who would it be? Open main menu Close main menu Home About Us Contact Us States Advanced Search It is a future state that we're all working on right now. I always become the CEO that the situation mandates and dictates. And a lot of our people have the same malcontent attitude that I do. Here's why this makes sense while looking at some options. 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 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? Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. But 233 years later, American, Dutch and British interests are inexorably intertwined. You could eject the tape from a tape drive and you could ship it off site. We're two sides of a coin, which is a reason why we've shown up in so many companies together. Early days of ServiceNow was just jungle fighting. 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? He published a book in 2011 called Tape Sucks. Information contained in this podcast was obtained in part from publicly available sources, and not independently verified. So, we were just picking over use cases here and there to sort of stay alive in the early days. I mean, it was a super crowded field, but we just crushed that entire field. And you need to have the flexibility of mind to really deploy yourself. 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. 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. Can you explain how you overcame both to lead the company through its 2012 IPO? Whereas in business, it often takes so much longer to be confronted with the consequences of your actions and some people don't-. And obviously, I got that in spades at UN Royal in Indiana. 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. And that's exactly what we did. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? Insurance companies historically have not been because they are data companies by their essence, right? CEO Frank Slootman (second row, fourth from left) and the Snowflake team virtually rang the opening . 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. So, she talked me into it because I was on the verge of saying, "Look, I'm not going back there." By the close of. 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 it's very much a talent game just like business is. Tej, Read More 10 Things You Didnt Know about Tej VirkContinue. The introduction of risk management tools for LNG freight will boost the efficiency of the virtual pipeline of LNG, a new catalyst for the liberalization of LNG and a critical milestone in the globalization of natural gas. At the same time, I ended up in conversations with the lead director and investor at Snowflake. What you're doing now is doing pretty good, so keep yourself in the game, Frank. And in other words, what problems can I solve very quickly versus what is going to take longer to solve. But then, there's new platforms in terms of the Public Clouds, right? 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 the product was insanely fast, completely automated. I really had to be shamed into writing this book, considering the amount of work that it is, but got a lot of help from the company. And everybody was like, "Who's Data Domain? 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." Of these, six were built: the Imperial Hotel and Annex, the Jiyu Gakuen School, the Aisaku Hayashi . What are your God-given talents? 2023 Forbes Media LLC. We want to bring about something in the world of computing that has never existed before and we are consumed by our mission. So, we're going to be in the middle of that. Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. I mean, you're not going to get excited, "Well, we want to grow 100% this year." And that's a whole different deal. I'm a miserable golfer, but somewhere along, the 18 holes, he's like, "I'll do it, but don't leave me again." They always have a twinkle in their eye and they're going to do this, they're going to do that. In Amp It Up, Frank, you say that a company's mission really has to be weaponized. And the EMC came in and within a quarter, it was up to a $100 million because they had channels and customers and everything primed and ready, right? While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. It's you're in this job for a reason. But yeah, aptitude is really about, what are you innately good at? We added sort of network replication disaster recovery, a whole bunch of adjacencies to it. 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. It's not just a scale. Because, if I can't explain it, then I can't predict it. I was a huge fan coming here. The consequences of your action are like right there. Now, it was actually pretty interesting because this was sort of a forerunner of a data analytics, business intelligence type of company. 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. Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. Are you just going to look the other way or are you going to call it out? What was that? Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. You relate well to that way of thinking. Slootman applies this philosophy in the workplace as well. Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. Give me that train wreck. I mean, we have bumper stickers and people would at trade shows would stick them on tape libraries. That's really what you want to preserve rather than layers and layers and layers and channels of communication. 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. Read More 10 Things You Didnt Know About Paul StovellContinue. Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster initial public offering (IPO). From the library of the New York Stock Exchange, at the corner of Wall and Broad Streets in New York City, you're inside the ICE House, our podcast from Intercontinental Exchange on markets, leadership and vision in global business. But . Right? It still runs as an auction in rounds of 30 seconds and final price were used as the benchmark for the entire gold market. Welcome, Frank, inside the Ice House. You guys are a data company, you know as well, right? IBA took over the auction in 2015 and we moved it to an electronic auction and on the web ICE platform, so it's fully audited to proper electronic liquidity window of market. As I said, what comes around, goes around. So, it just started to happen, but I wanted to desperately be in software at that time. He said, "Because you guys are indicting everything I've done." Given his accolades, Slootman gets invited to speak at many events. I can just blow a year on doing some other stuff that's interesting." Its a positive outlook for Snowflake, and its a bright signal for investors to really pay attention to this company now before its too late.

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