A lot of people think that that's possible, but there's a real limit to what salespeople can and can't do. So after a while, it's like, "Okay, we've done enough of this." Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. 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. They sold the living hell out of that product. I was just shot. What are your God-given talents? 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. Frank Slootman, Snowflake CEO, joins 'Closing Bell: Overtime' to discuss the company as shares slump on weak guidance following Wednesday's earnings report. Frank Slootman - Wikitia Look, I'm not a certain type of CEO. Because of his much sought-after expertise, Slootman gets paid a decent sum of money. 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. And for example, when I joined Unysis, I ended up in a corporate planning role. Different technologies, different markets, different competitors, different eras, different cultural times that we live in, you need to become, what that situation requires off you. Thanks so much for joining us inside the Ice House. We were going to do the world of favor.". 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? In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. It was super interesting to me, sort of my first encounter with American management. 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? That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. You guys are a data company, you know as well, right? That is the X factor in companies, but it starts with weaponizing the mission. We will talk to you next week. What took you back to the Netherlands at one point? Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. Presiding is the worst word. Every week there was a new bid. Everyone's watching. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. This page was last edited on 12 March 2021, at 18:12. And I was like completely taken aback because there not a single thread thinking about that, considering that, considering any role of any sorts. 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. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." 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. But they do because the world is changing to digital and this is the essence of digital transformation. You really need to, look at yourself as an asset that can be applied in many, many different ways. But then, there's new platforms in terms of the Public Clouds, right? 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. 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. The company is a fintech firm that helps companies automate their deployments with unique software solutions for business. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. The question is, what are you going to do? Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. As the gold auction and also, the LBMA gold price is the world's price for gold, particularly gold, which is delivered in London. 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. Frank Slootman added: " I'm excited to advise Blackstone. Back then, there were hardly any software companies around. They're very far removed from the drive train. There are many questions left unanswered about the months leading up to Snowflake going public. You need to be invested in the moment, in the present, rather than I'm thinking about my next move. Everybody has ideas. A compensation package he received upon joining Snowflake in April 2019 awards him a. That is the most, that is so unproductive. I mean, that's how aligned this is, okay? Quick digression. Tour Hours: 10 am - 4 pm daily; 10 am - 3 pm in January and February. In this technological era, the field of analytics is vital as it makes it easy to access needed information without much of a hassle. And that's all coming up right after this. Now, most organizations are incredibly in up still in terms of their data promise. They're very safe. Somebody who I had known for many, many years, so at Sutter Hill Mike Speiser. Our European futures operation is based in London, England, and a big part of that operation is futures trading for Dutch Natural Gas at the Title Transfer Facility or TTF, virtual trading point in Amsterdam. Leone took Luddy on a host of interviews. So, we started to wind down a little bit. And did you have a sense that the sector was really about to explode? At the same time, I ended up in conversations with the lead director and investor at Snowflake. They also appreciate it. 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?" And when you let it happen, you get feed-ups. I'm on the phone with customers every day. You can't help but run into Dutch people everywhere because they have such a small country. 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.. 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. The interesting thing about data domain was it was very, very slow going. 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. Information contained in this podcast was obtained in part from publicly available sources, and not independently verified. Snowflake is Slootmans third IPO. So, it was an incredible trial by fire. I mean, that's how I felt at that time, like I had no more to give. The list of its authors can be seen in its historical. Learn how your comment data is processed. Our headquarters is in Atlanta, Georgia. CEO Outlook | Frank Slootman - KPMG Global 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. It still runs as an auction in rounds of 30 seconds and final price were used as the benchmark for the entire gold market. This article "Frank Slootman" is from Wikipedia. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. I mean, anecdotal observation has pretty much run its course. You come with aptitude. In short, money talks, and Slootmans got it in his hands and in his mouth. 951 Chicago Ave., Oak Park, IL 60302. I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. What kind of people fail here and why?" We played a round of golf. I mean, you're not going to get excited, "Well, we want to grow 100% this year." And he and I were serving on another board together and every time we we'd go to our quarterly board meetings, we'd have lunch and discuss the state of a affairs in the world and blah, blah, blah, sort of thing people do in Silicon Valley. He said, "Because you guys are indicting everything I've done." 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. And people really want to be led in that manner. Did you find it difficult to change Snowflake's established culture? 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, 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. Frank Slootman - Narrow the Focus, Increase the Quality - [In I was a huge fan coming here. It is data operations from the most transactional to the most analytical and everything in between, so. So like, "Look, I'm not going to be doing the same races over and over again." And that went on literally for years, okay? Now, for us, it's a data Cloud. 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 use that expression a lot to say, "Look, data operations is going to become your core." 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. And I say, "Stop putting labels on yourself. We wanted to buy technology from, what at that time was Veritas, Convo, companies that are still around, because then we could really address the, the functional scale and scope off our platform. Here's why this makes sense while looking at some options. We had this very high profile bidding war between the EMC and NetApp at that time. So, it's the story, what goes around, comes around, as I said at the beginning. Architecturally, just damn near perfect, so. We added sort of network replication disaster recovery, a whole bunch of adjacencies to it. Fred Luddy, the founder of ServiceNow, I mean, super talented guy, obviously. Frank Slootman - Topp podcast avsnitt You just get into this cycle where all you want to do is leave. Take our own company, Intercontinental Exchange, for example. And when you buy companies, it gets worse, right? Others might say that hes completely brash. We want to bring about something in the world of computing that has never existed before and we are consumed by our mission. What is the core of your being, right? Snowflake CEO Frank Slootman Wrote the Playbook on How to Amp It Up CEO of year's hottest IPO focuses on one 'incredibly hard' question - CNBC Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. But you dont achieve a $1.8 billion net worth by being a spendthrift. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. When some of these firms moved out to Canary Wharf, they decided that actually, it was too much to be sending people to the room, so they moved it to a phone call to buy and sell and establishing a price. It's lights out, light speed and then fully disintermediated and it's fully programmatic. Snowflake CEO Frank Slootman made headlines with controversial comments about diversity in the workplace. Right? Because now you're buying somebody else's culture. Right? So now, we're having business conversations about data. 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. Right? We are people that basically see everything that's wrong all day, and we always see a room up from where things are. I mean, they had graphical user interfaces that were completely proprietary to that company. JP Morgan paid $175 million for a startup it believes it was conned into buying. Another Dutch trend setter with the Winfrey title is Frank Slootman, the chairman and CEO of Snowflake. He says, "If I have a problem in a state like Florida, where bodily injury claims are disproportionate to surrounding states, what explains that? [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,. CEO Frank Slootman (second row, fourth from left) and the Snowflake team virtually rang the opening . Right? In other words, "How fast does this might work?" Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. Yeah. The. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". Because, if I can't explain it, then I can't predict it. And then obviously, a business that was at a sense of itself, of its product lifecycle, which has its own unique set of challenges.

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