It's been extremely successful since we took over. He cancelled the luxurious annual employee ski trip to Tahoe. The ambitions that happen, the boldness that happens as a result of that, that becomes the magic. 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. I'm trying to get into markets, not get out of them, but strategically we had a dilemma and others that we were, what I would call landlocked, maybe another nautical Dutch type of term, because we couldn't get beyond our core business of backup and recovery. And I said, "Why not?" And Mike, he takes on the end entire spectrum of controls and administration. Everybody has access to capital. And that's a whole different deal. And we introduced a centrally cleared model with ICE as the central counterparty, because that makes it much easier for new firms to join. A decade after his death, fantasy artist Frank Frazetta still towers over the pop culture landscape as new fans discover his work. This is a country that's very aspirational. Those are the people that are right there, where the people that bring home the bacon, there when the shit hits the fan. We were entertainment for Wall Street for a six-week period. And rightfully so, by the way, because they have created something, right?. And by the way, for most people, that's a very difficult question. So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. Museum Shop Hours: 9:30 am - 5 pm daily; 9:30 am - 4 pm in January and February. We played a round of golf. And I talk about that in the book, because again, there's observations, maybe even lessons that can be extracted from what happens when you're in a crowded field and you're trying to separate yourself from the pack. At 61 years old, Slootman has created quite the reputation for himself. 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. It's a small country, obviously, which is why they sort of veer far and wide. You've said that you were really born in the wrong country. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. We call it a turn on the crank and we came out with a product that was at least twice as big, twice as fast, so the market kind of opened up gradually for us. The company, which prides itself as the leading customer success, Read More 10 Things You Didnt Know About Guy NirpazContinue, Medical marijuana is increasingly becoming a popular trend in the treatment and management of different diseases including chronic and fatal ones such as Alzheimers disease, brain tumors, cancer, HIV/AIDS, chronic pain, and multiple sclerosis. Now, most organizations are incredibly in up still in terms of their data promise. Much like how he runs his companies, Slootman is always direct in his speeches. [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,. 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. 2023 Forbes Media LLC. At the same time, that was enormous anxiety about how the company was unfolding. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. Mike is a really good example of that because what he's really good at, I'm not, and I always use the, the analogy of he plays defense, I play offense. Right? If you like what you heard, please rate us on iTunes, so other folks know where to find us. But it's not what it really is, so it wasn't an enormous surprise to me to come here. The Last Of Us offers up its best episode yet, though this one diverges from the source material much more than the previous two. His company's listing here at the NYC in September 2020 was the largest software IPO in the history of the US capital markets. 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. 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, in the book, Frank, you used the analogy of getting in the right elevator. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. The pandemic has. Frank Slootman added: " I'm excited to advise Blackstone. I need to know what that is. Our headquarters is in Atlanta, Georgia. Instead, hes got something equally as coola sailing boat named The Invisible Hand. In Amp It Up, you're pretty open about the struggles the company faced in its business and leadership. Right. Tour Hours: 10 am - 4 pm daily; 10 am - 3 pm in January and February. And now, I feel like I'm being haunted, by this Dutch thing, this cloud that's hanging over me." And everybody was like, "Who's Data Domain? Here's why this makes sense while looking at some options. We had no experience. I mean, 16 months after you and Mike came to Snowflake, you raised $3.4 billion as part of its IPO, instantly establishing Snowflake as one of the NYC's marquee companies. So, I got pestered by VCs over the years, like "When are you going to do an update to your book because you now have two more companies to talk about." Right? Tell me about sailing, first of all. In the book, I go on and on about what some of those issues are. You really need to, look at yourself as an asset that can be applied in many, many different ways. 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. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. I mean, it was doing well. And our conversation with Frank Slootman on how he amped up his career scaled three companies and the lessons he wants to now share with the world is coming up right after this. Wikitia is not affiliated to Wikimedia Foundation. We don't preside, okay? The list of its authors can be seen in its historical. I'm on the phone with customers every day. These days, a lot of folks take it for granted, but Wall Street has a fascinating history. And by the way, the inverse of that is what are you not good at? Well, building culture is a very forceful thing. And like, "How fast does this guy type?" And that went on literally for years, okay? Everything in our world starts with technology, starts with architecture, okay? 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. I'm curious, how that opportunity at Data Domain came to you? I mean, it gets rid of you. It's really a company production, by the way. 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. Others might say that hes completely brash. Take our own company, Intercontinental Exchange, for example. For example, he made a few changes at Snowflake when he became CEO. Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. In other words, "How fast does this might work?" 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. So as leaders, you very much, I try, no matter how big this company gets, I try to run it like a popsicle stand where we're driving a race boat around the race course, okay. What's your advice about someone climbing the corporate ladder looking to make that leap? I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? Brady is a great example, but Joe Montana was that way and they all craved that energy, that excitement, that intensity, they can't let it go. So in hindsight, I understood that I was just burned out, classic burned out. And you can't play chess pieces in a million different ways, right? I don't think about what's next. 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). So, we came up with this war cry that said, "Tape sucks, move on." In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. And it's like, "Well, why does that matter?" Now, as the story goes, England followed the Netherlands in control of Manhattan. The IPO was the third for Dutch-born Slootman,. As we're recording this in early 2022, the competition for talent has reached a boiling point. 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. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. And it's not just bad behavior, it's also good behavior. 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. And we publish the data transparently on our site, so anyone can come and see what actually happened in the auction. He's a Dutchman Slootman moved to Silicon Valley in 1997. People who have seen sort of the ticker symbol of Snowflake pass their eyes on CNBC and see how its companies perform and say like, "What is that company with the name after falling snow from the sky?" 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?" You come with aptitude. 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 that is a common thread through all our companies. Of these, six were built: the Imperial Hotel and Annex, the Jiyu Gakuen School, the Aisaku Hayashi . When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." And a lot of our people have the same malcontent attitude that I do. Data Domain went public in 2007, but two years later acquired by EMC, in my home state of Massachusetts. 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 & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 Property data website for assessments, data, and owners. 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. CEO Frank Slootman made $287,990 in salary in 2019. It was just like Formula 1 of sailboat racing. That was career death for people, so it was just the least flattering place in the entire IT operation was backup and recovery based on tape, very logistically, intense. That culture really keeps you safe from being indulgent or just, you're sort of presiding. I mean, the only thing that energizes people and teams and organizations and companies as a whole is the mission. When you get that sensation, you do need to leave because you're no longer the right person for that situation. They just said, "Look, let's re-envision, re-imagine based on the platform realities that we now have, which was the Public Cloud. 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. At 61 years old, Slootman has created quite the reputation for himself. And then I change myself to become that flavor of CEO. 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? Tej, Read More 10 Things You Didnt Know about Tej VirkContinue. 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. They also appreciate it. So, understanding that is really important because obviously, you can't fight it off unless you understand where it's coming from. They're very safe. Okay, it's real easy and in engineering, they put guys on the whiteboard and they give them problems. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. And we feel the consequences of our actions every minute of the day.