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. Theres no surprise here. And then of course, Michael Dell found just as attractive to bring EMC into Dell. Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. 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. We actually won everything that we wanted to win. So now, we're having business conversations about data. When I was at Data Domain, hell, we were 15 people when I joined there. 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. The liberalization of LNG is creating a global natural gas market, with freight acting as a virtual pipeline between continents. They've never really been asked that before. So, I just had some peripheral view of the company, as well as its strategic challenges, by the way. Quick digression. And, how do you design single best data operations platform you possibly can?". Now, you can manage LNG freight risk with ICE LNG freight futures contracts, which join our global natural gas complex. Our headquarters is in Atlanta, Georgia. We're two sides of a coin, which is a reason why we've shown up in so many companies together. Everybody has access to talent. What attracted you to the space? While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. 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. And we were babes in the wood back then. I mean, we had like 15X, the X of the next nearest competitor. 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. We will talk to you next week. And we publish the data transparently on our site, so anyone can come and see what actually happened in the auction. Now, what that does the weaponizing, what that does is we block everything else out. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. What was that? But yeah, where the inspiration comes from, we've had three very successful companies in a row, so you get barraged by requests for, "Hey, can you explain to us what the secret sauce is? I need to know what that is. Let's go." 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? That's why they're big in banking and insurance and distribution and logistics. One of the reasons I made it a very transparent discussion is that most people think that when you have these highly successful company, it just happens like poof, beautifully. And for example, when I joined Unysis, I ended up in a corporate planning role. And Brett Favre was that way. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. Everyone's watching. 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. But predictably, we already talked about Dutch culture, that relationship between the American parent and the Dutch subsidiary didn't go so well. So, we were just picking over use cases here and there to sort of stay alive in the early days. But yeah, aptitude is really about, what are you innately good at? It's like, "That's not exciting." [1] 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. They're very safe. But . But then, there's new platforms in terms of the Public Clouds, right? Sometimes that is hard for American audiences. In the book, I go on and on about what some of those issues are. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. And a lot of people shy away from that because it's incredibly high anxiety to live in that world, but you want to suppress that reflex. What goes around, comes around and the Dutch get around the world. And all of a sudden, everybody is just high-fiving and doing victory laps and everything is beautiful versus reality is completely different. And by the way, for most people, that's a very difficult question. It's a transformation that is still going on. 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. It wasn't, and the company wasn't failing financially on its growth objectives. They also appreciate it. And now, I feel like I'm being haunted, by this Dutch thing, this cloud that's hanging over me." We're driving change. So after a while, it's like, "Okay, we've done enough of this." Given his accolades, Slootman gets invited to speak at many events. Frank Slootman added: " I'm excited to advise Blackstone. Snowflake CEO Frank Slootman on moving the needle, win-first culture & managing burnout | E1689. Because now, now you're going to look people in the eye, and say, "Look, this is the way we're going to be. Fred Luddy, the founder of ServiceNow, I mean, super talented guy, obviously. That's really what you want to preserve rather than layers and layers and layers and channels of communication. 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. Mar 11, 2021, 11:30 ET. That is the most, that is so unproductive. Software was barely an industry. 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. There's new business models. So, we won a lot of outraces. Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth . 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. 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 . So, we came up with this war cry that said, "Tape sucks, move on." So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. Right? It was just a beautiful thing when a company has massive scale and distribution, what a good product that gets entered into that context can do in a short period of time was mesmerizing. And it's very much a talent game just like business is. Things will change in ways you cannot even imagine the ideas that happen. And it's just, it's intoxicating that energy. I actually wanted to retire, truth be told. Instead, hes got something equally as coola sailing boat named The Invisible Hand. Check out the subtleties of his Wikipedia below. In short, money talks, and Slootmans got it in his hands and in his mouth. Buyers and sellers can come together. Frank Slootman, Snowflake CEO, joins 'Closing Bell: Overtime' to discuss the company as shares slump on weak guidance following Wednesday's earnings report. 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. How does that work at Snowflake? 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. And you need to have the flexibility of mind to really deploy yourself. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. Everybody has access to capital. 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. 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. It is a future state that we're all working on right now. 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. We had this very high profile bidding war between the EMC and NetApp at that time. Yeah. 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. Right? Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. They knew exactly what we meant. And of course, the appetite is insatiable for both technology and people that know how to make this future happen. In other words, "How fast does this might work?" This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. I'm on the phone with customers every day. I was a huge fan coming here. Welcome back. Okay. They want to know what good behavior is. So, we're going to be in the middle of that. And when you let it happen, you get feed-ups. There's no doubt, I'm a total hybrid here. 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. 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. 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. Now, amid an ongoing legal battle, its got to clean up a very public mess. 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. Leone took Luddy on a host of interviews. When you run companies, you need to narrow the plane of attack very, very quickly. Insurance companies historically have not been because they are data companies by their essence, right? What's the silver bullet? It was very formative. welcome back! Bachelor of Science, Erasmus University Rotterdam, The Netherlands; Master of Science, Erasmus University Rotterdam, The Netherlands. I look at the situation, "What does this require?" [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. 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. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. So, I did. And the reason that I found it so interesting is technology was mesmerizing. And that's, I had a question the other day from somebody that hit me on LinkedIn and he was putting all kinds of labels on himself. Correct, correct. Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. You hit a mark, you have to do two 360s. 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?" Others might say that hes completely brash. At 61 years old, Slootman has created quite the reputation for himself. If you like what you heard, please rate us on iTunes, so other folks know where to find us. Including his options, Slootman owns about 10% of Snowflake. In other words, you got to really mean it, okay? 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. The dream drivers that have made the NYSE an indispensable institution of global growth for over 225 years. Of these, six were built: the Imperial Hotel and Annex, the Jiyu Gakuen School, the Aisaku Hayashi . That culture really keeps you safe from being indulgent or just, you're sort of presiding. Now, we're going to go move the pieces and I'm just a piece on the chessboard." 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. A compensation package he received upon joining Snowflake in April 2019 awards him a. That is by then, we often refer to this as data enrichment because you can take incredibly mundane data and when you enrich it with data attributes from other sources, like for example, you guys did with ADP, all of a sudden data goes from mundane to high octane. I mean, it's a hell of a cash burner as well. And Mike, he takes on the end entire spectrum of controls and administration. It was originally known in Dutch as de Waalstraat when it was part of new Amsterdam in the 17th Century, an actual wall existed on the street from 1685 to 1699, protecting the early entrepreneurs and fur traders of Fort Amsterdam from encroachment from the north. Growth opportunities abound, but what many owners of startups may not realize is that choosing a bank with sector expertise to complement your business needs is more important than ever. Because now you're buying somebody else's culture. I always become the CEO that the situation mandates and dictates. Obviously, that industry had moved on to all kinds of different disk space technologies. Nothing to do with financial targets or growth targets or market capitalization. [9] In June 2019, the company launched Snowflake Data Exchange. And companies that have been around a long time, it's near to impossible to undo the culture. But the essence of what I'm getting when I hire you is what you're innately good at. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". Amp It Up, published a scant of 13 months after the Rise of the Data Cloud, which you wrote with Steve Hamm. The founder brings you in to scale up the company, but finds it difficult to step aside. Anybody who's tried to run HP can talk about that because you have companies that have existed for whatever, 50, 100 years, you don't get rid of culture. It will be fine. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. You've said that you were really born in the wrong country. I use that expression a lot to say, "Look, data operations is going to become your core." So, I ended up going back to, I really didn't want to. 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. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. And by the way, data platforms have been extremely fragmented historically. 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. I hate to break it to the audience, but that is the way that it is.