They're high anxiety, they're entrepreneurs, they're CEO, and sort of getting a very unvarnished view, inside view from a fellow traveler. If you experience any issues with this process, please contact us for further assistance. Phone Email. Software was barely an industry. Well, they knew now. In 2019, Slootman's boat manager, the former Olympic sailor Gavin Brady, was investigated by World Sailing, competitive sailing's governing body on suspicion of concealing modifications he made to another owner's boat. The investigation was dropped in February because of a technicality, and Brady was given a warning. As young as I was, I mean, I was determined that that's where I wanted to be and certainly, not hardware because I saw another way for commoditization happening over there. 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. 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. Frank Slootman - Chairman & CEO @ Snowflake Right? We're driving change. We were entertainment for Wall Street for a six-week period. People naturally become very unfocused, very, very easily. It was sort of an adjunct to what they called the computer industry back then. 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? 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 you need to have the flexibility of mind to really deploy yourself. Snowflake CEO Collects a $108 Million Payout Every And then of course, Michael Dell found just as attractive to bring EMC into Dell. Hes an operations guru, the leader who turns a jet plane into a rocketship and makes piles of cash for investors, employees, and himself. When you get that sensation, you do need to leave because you're no longer the right person for that situation. We actually won everything that we wanted to win. 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. Snowflake joins California exodus, moves executive Some of the companys customers include companies like Capital One, Adobe, DoorDash, Western Union and PetCo. The three-time CEO and industry leader spearheaded the largest software IPO in history for Snowflake in 2020, previously led IPOs for both Data Domain and ServiceNow. A lot of people think that that's possible, but there's a real limit to what salespeople can and can't do. At the same time, we've never had a data Cloud in the history of computing because data was just fragmented and proliferated into silos and what we call bunkers. It's a small country, obviously, which is why they sort of veer far and wide. Snowflake - AMP IT UP: Leading for Hypergrowth by Raising Choose wisely! And the term BI had not even been invented back then. CNBC View Employees. Snowflake enables every organization to mobilize their data with Snowflake's Data Cloud. And that's the American flavor and flare that has built up over three, almost four decades. Well, building culture is a very forceful thing. A compensation package he received upon joining Make the connection to a global natural gas market at ICE, get started with ICE LNG freight futures today. You can sign up for additional alert options at any time. And Americans always think that there's an easy answer to these questions. Slootman owns about 10 percent of Snowflake. Bill McDermott, President and CEO, ServiceNow, What makes Frank the best technology CEO on the planet: he sets and then beats unreasonably high expectations; he is a high-integrity people leader; he makes the strategy clear to all; and he is a fearless leader willing to do whatever it takes to win. And we publish the data transparently on our site, so anyone can come and see what actually happened in the auction. And then, I had another internship after that. Now, as the story goes, England followed the Netherlands in control of Manhattan. 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. But 233 years later, American, Dutch and British interests are inexorably intertwined. So, one of the things that, that our founders did really, really well and it's a very important lesson here for anybody that's watching Snowflake and trying to understand is that they took a clean sheet of paper. I mean, it was a super crowded field, but we just crushed that entire field. In October 2018, about six months before Slootman joined and negotiated his compensation, the company raised funds at a valuation of about $3.5 billion. Its now worth almost $110 billion. Chief Financial Officer Michael Scarpelli, who joined a few months after Slootman, has a similar compensation structure. Now, it was actually pretty interesting because this was sort of a forerunner of a data analytics, business intelligence type of company. This is a very buoyant country. Hes had stints at Data Domain, bought by EMC for $2.4 billion in 2009; ServiceNow, which ran a $210 million IPO in 2012; and his current Snowflake gig following its IPO last year, which raised $3.36 billion at a valuation of $33.6 billion. Insurance companies historically have not been because they are data companies by their essence, right? Back then, there were hardly any software companies around. Are you just going to look the other way or are you going to call it out? 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? 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. 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. Thanks so much for joining us inside the Ice House. It was an application development and runtime platform to run on both Unix and OSU and Windows all at the same time. 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? But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. And then obviously, a business that was at a sense of itself, of its product lifecycle, which has its own unique set of challenges. 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. That's a running joke that we always have. Top 5%. Obviously, that industry had moved on to all kinds of different disk space technologies. Company still around, by the way. What's your advice about someone climbing the corporate ladder looking to make that leap? Not exactly like a year and a half, he'd been there for seven years. 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 rightfully so, by the way, because they have created something, right?. On stacking, all of a sudden, your boat left behind and you go like, "Oh, my God," so because it's very hard to get ahead on an upwind leg, right? Subscribers get full, survey-free access to the Bozeman Daily Chronicle's award-winning coverage both on our website and in our e-edition, a digital replica of the print edition. 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. So in hindsight, I understood that I was just burned out, classic burned out. And did you have a sense that the sector was really about to explode? WebKey Principal: Frank Slootman See more contacts Industry: Prepackaged software Printer Friendly View Address: 106 E Babcock St Ste 3A Bozeman, MT, 59715 United States I mean, I was just in my way of life and I was going to stay there till the end of time. So, we came out there and we said, "Look, no, we're not just going to sell a product here. But it's a very, it's a country that has really no natural resources other than the natural gas that you mentioned, which they're pretty much run out of by now, so they've really leveraged their geographic location over the years. Snowflake Company Profile | Management and Snowflake is a cloud computing-based date warehousing company. You're finding the best sailors in the world and all of that. View Profile View. I only think about now and what I'm doing today. 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. Snowflake is the third company Frank has taken public, and the lessons that shaped his career are part of his new book Amp It Up: Leading for Hypergrowth by Raising When a company is buying a million dollars from you in the course of a year, what are they getting? Frank Slootman, Chairman and CEO of Snowflake (NYSE: SNOW), presided over the largest software IPO in the NYSEs history, but it wasnt his first rodeo. 61/100. Frank Slootman 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. And Brett Favre was that way. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? And it wasn't until the consent degree with IBM that really unbundled the software from hardware because software industry couldn't even happen because software was bundled. 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. I'm just, I'm fighting that tide. "Over the last 20 years I have been fortunate to watch Frank Slootman build a Hall Of Fame career. Quick digression. Make it as easy as I could make it. Our business is really going to conduct itself really over considerable, long periods of time, Slootman said in an interview with CNBCs Mad Money. It is hard when you lose your sense of mission, when you lose your desire and your boldness and your aggression in the marketplace and want to go after competition. (Graphic: Business Wire). I need to know what that is. In AMP IT UP, he shares how leaders can convert lingering potential into superior results with the resources they already possess. Before the break, Snowflake's CEO, Frank Slootman and I were discussing his career. And historically, people have tried to answer these questions anecdotally. And fortunately, the temperament that is in you, it's going to re-manifest itself sooner or later. And companies that have been around a long time, it's near to impossible to undo the culture. While CEO of ServiceNow before joining Snowflake, Slootman contributed the maximum sum allowed And I'm like, "You know what? Our guest today, Frank Slootman is chairman and CEO of Snowflake. I mean, for example, I remember when we first, got involved with Geico and Todd Combs, the CEO, said, "Look, I don't need any more lectures from you guys on architectural prowess and all this sort of thing." 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. The IPO was the third for Dutch-born Slootman, who moved to California for a job at Compuware in the dotcom boom, then worked at Borland Software. You want to be that person, okay? 3,990. 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. And opinions, everybody's got one, but data doesn't lie. Not all people are created equal in terms of their roles and their contributions in companies. Comparably score i. I mean, it was doing well. There's new business models. And I said, "Why not?" This is a country that's very aspirational. Your mission is you're pursuing an end state or at least the closest thing to what you can envision, to what you want to realize as a couple. 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. Frank Slootman - Forbes And having incredible meaning and potency and yield value for applications you never imagined. It wasn't, and the company wasn't failing financially on its growth objectives. Data Domain went public in 2007, but two years later acquired by EMC, in my home state of Massachusetts. What's the playbook?" A multi-billion dollar cloud-based data company announced this week it had relocated its primary offices to Bozeman. 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. In a few weeks, when the 2022 winter Olympics get underway in Beijing, I'll have my eyes peeled for 22-year-old, Jutta Leerdam, the reigning world speeds skating champion with over 800,000 followers on Instagram, who's proven herself a trend setter on and off the ice. You hit a mark, you have to do two 360s. I don't care for any of that. Frans van Houten, CEO, Royal Philips. Slootman has also contributed money to political campaigns for both Gov. He's like, "How do we run a supply chain?" Slootman urged Snowflake investors to be patient with stock during multiyear cloud transition. It was able to separatecomputer data storagefromcomputingbefore Google, Amazon and Microsoft. He's a pretty good golfer. No databases of scale and no file systems with scale. ISBN: 9781119836117. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. It's you're in this job for a reason. And over time, we overcame that because we were laser focused on making the product bigger and faster every year. And it's not just bad behavior, it's also good behavior. I just took a job with a software company just to be in software and that's sort of the extent of my thinking on that. 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? Because now, now you're going to look people in the eye, and say, "Look, this is the way we're going to be. Subscribe today! Obviously all the financial reporting, all the systems. It's really every leader in the organization needs to internalize and then, want to act on it. WebFrank Slootman Chairman of the Board and Chief Executive Officer Contact 2 Contact 3 Contact 4 See All Contacts Dynamic search and list-building capabilities Real-time An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. I'm the opposite. 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. 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. So, this is not data warehousing, it's just one use case. Now, for us, it's a data Cloud. I can't get you aptitude. How does having who's worked closely with you for years help you accomplish your goals of hyper growth without losing focus? 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? Databricks Competitors and Alternatives - Owler Slootman, 61, is a professional CEO. And when you buy companies, it gets worse, right? It's like, "That's not exciting." But with three IPOs in your rear view mirror and one attempt at retirement already failing to stick, what do you see as the next chapter in Frank Slootman's journey? Snowflake is a cloud computing-based date warehousing company. They want to know what bad behavior is. Submitting this form below will send a message to your email with a link to change your password. So, we came up with this war cry that said, "Tape sucks, move on." Amp It Up, published a scant of 13 months after the Rise of the Data Cloud, which you wrote with Steve Hamm. Large cloud share company moves executive offices to I mean, what drove you to move on? [emailprotected]. 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. I mean, you brought in some reinforcements when you started at Snowflake, including Michael Scarpelli, who was your CFO at Data Domain and ServiceNow. Yeah, that goes back about mission posture. I mean, it gets rid of you. That's not a healthy dynamic. On May 26, Slootman asked shareholders to be patient with the companys stock because the cloud transition is not happening overnight. And obviously that is not the best way to go about things because that's just one man's opinion against another, right? But that is what digital transformation is. Are you happy with the performance of the 2023 Montana Legislature. 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. And of course, the appetite is insatiable for both technology and people that know how to make this future happen. The Dutch have all always been enterprising. And that's exactly what we did. 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. And people would eyeball those reports in those dashboards, and that was sort of the extent of it. Family Promise hosts 'Spring Into Action' donation drive to support programs, Gianfortes son one of many lobbying governor against trans bills, Marjiuana bills lining up for final showdown, Abortion providers sue over Medicaid abortion rule requiring reauthorization, Two charter school bills revived, passed in Montana Senate, Montana latest to ban gender-affirming care for trans minors, Bozeman plans for 'once in every other generation rec center, library, pool, 'Noir bar' with Bozeman history focus opens on Main Street, Got crap? And by the way, the inverse of that is what are you not good at? And now, I feel like I'm being haunted, by this Dutch thing, this cloud that's hanging over me." Right? But then, there's new platforms in terms of the Public Clouds, right? Snowflake runs onAmazon S3since 2014, onMicrosoft Azuresince 2018and on theGoogle Cloud Platformin 2019. What goes around, comes around and the Dutch get around the world. 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). Because, if I can't explain it, then I can't predict it. So, it was an incredible trial by fire. It is data operations from the most transactional to the most analytical and everything in between, so. Frank Slootman - Chairman and Chief Executive Officer What is the core of your being, right? They just said, "Look, let's re-envision, re-imagine based on the platform realities that we now have, which was the Public Cloud. But now, and the influence of data science, we really have to interrogate data regardless of its silo boundaries. Those are really good conversation, good questions to have because each organization is different. 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." At some point, we were going to get stunted in our growth. Our headquarters is in Atlanta, Georgia. 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. Publisher (s): Wiley. Correct, correct. When I was considering Snowflake, I told Snowflake, "I will not do this if Mike doesn't come along." 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. I mean, you're not going to get excited, "Well, we want to grow 100% this year." Investors know this about us. Our guest was Frank Slootman, the Chairman and CEO of Snowflake. Who can solve what set of issues, right? I'm buying aptitude and then I'm going to develop that with experience, right? I mean, it's hard to believe at this day and age that things were that way back then, but they were. 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. Everyone's watching. Exponential growth is a critical goal for todays emerging ventures. Now, tape technologies go all the way back to the early days of computing, because that was the form of magnetic storage that we had. Find related and similar companies as well as employees by title and much more. Snowflake ukazuje, e zprvy o smrti cloud jsou pehnan No, I didn't. We're always picking at things that could be better. They want to know what good behavior is. What kind of people fail here and why?" We were going to do the world of favor.". 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?" Analytics, Why Mike Speiser, Managing Director, Sutter Hill Ventures, "What an incredible leader Frank is. Snowflake CEO Slootman has been spending a lot of time in Montana in recent years. But it's also, you attack and you cross again. 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. So now, we're having business conversations about data. 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). The new office is downtown at 106 E. Babcock St. We have designated our office in Bozeman, Montana as our principal executive office, as that is where our Chief Executive Officer and Chief Financial Officer are based, a spokesperson said in an email. But let's focus on another dilemma that brought up in the book, Frank. Never seen the inside of an office or anything. That culture really keeps you safe from being indulgent or just, you're sort of presiding. Create a password that only you will remember. And it was really my wife who said, "No, no, we'll go. Slootman has also contributed money to political campaigns for both Gov. So, we started to wind down a little bit. What did that initial scaling up to that point and then the public exit experience teach you about why being acquired was the right choice for Data Domain? All of us, no exceptions." WebSnowflake is a Montana-based cloud computing platform that deals with the design and development of data warehouse and analysis solutions for customers. among us texto copiar y pegar And that's all coming up right after this. It's not just a scale. The company says its still without a headquarters, but federal law requires it name a principal executive office.. Slootman stressed that the companys software is only becoming more important as enterprises shift away from databases tied to hardware.