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Our first thought was "not again" - he co-wrote Rise of The Data Cloud last year. 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. 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That is the X factor in companies, but it starts with weaponizing the mission. Slootman has become somewhat of a business hero for many people, myself included. I mean, you're not going to get excited, "Well, we want to grow 100% this year." 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. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. They want to know what good behavior is. 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. We're not trying to find fault with people or who did what to whom. Another Dutch trend setter with the Winfrey title is Frank Slootman, the chairman and CEO of Snowflake. 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. But I was now really primed at that point, in terms of, I knew a lot more, about what it was like to be in the US. But you mentioned this earlier, it isn't really what happened. I don't have to go work on Monday. And you had literally physical media that could logistically manage. There's no doubt, I'm a total hybrid here. Right? And then being able to talk about it in an intelligent, really rich-considered manner. But then again, there really is only one Frank Slootman, IPO master in the world. 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. Now, for us, it's a data Cloud. [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,. So now, we're having business conversations about data. It's up to 79% of the volume has gone cleared. Here's why this makes sense while looking at some options. So, what are things that we should absolutely not ask you to do ever? The founder brings you in to scale up the company, but finds it difficult to step aside. It's a transformation that is still going on. And that went on literally for years, okay? I hate to break it to the audience, but that is the way that it is. Snowflake CEO Slootman Scores IPO Hat Trick With Big Bet on Data Software company aims to benefit from companies increasingly storing information in multiple clouds Big tech firms are investing. The good thing is you dont have to actually sit in with Slootman to get his lessons. It's just, it's hard not to be acquainted at some level with that culture. 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? It is data operations from the most transactional to the most analytical and everything in between, so. So, it's the story, what goes around, comes around, as I said at the beginning. At the same time, I ended up in conversations with the lead director and investor at Snowflake. 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. Better, better all the time. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. Because, if I can't explain it, then I can't predict it. 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? Our guest today, Frank Slootman is chairman and CEO of Snowflake. Wikitia is not affiliated to Wikimedia Foundation. But one of those issues was that taken over from a founder CEO was really, really hard. You hit a mark, you have to do two 360s. Somebody who I had known for many, many years, so at Sutter Hill Mike Speiser. 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 Expectations, Increasing Urgency, and Elevating Intensity. And that's our conversation for this week. I mean, it's like when people start to roll their eyes. It's been extremely successful since we took over. Phone: 312.994.4000. So, the earlier you show up, the better off you are. In other words, you got to really mean it, okay? 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. You could eject the tape from a tape drive and you could ship it off site. And we publish the data transparently on our site, so anyone can come and see what actually happened in the auction. Bunkers is basically a silo that's incredibly hard to access. But one day, and this was in March of 2019 and he said, "What would it take for you to take the helm?" 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. Those are the people that are right there, where the people that bring home the bacon, there when the shit hits the fan. It was an application development and runtime platform to run on both Unix and OSU and Windows all at the same time. This is probably the biggest understatement of the year. But yeah, aptitude is really about, what are you innately good at? Frank Lloyd Wright designed some 14 buildings for Japan: an embassy, a school, two hotels and a temporary hotel annex, a commercial-residential complex, a theater, an official residence for the prime minister and six private residences. So, we came out there and we said, "Look, no, we're not just going to sell a product here. And that is our culture. 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. I mean, in the book, Frank, you used the analogy of getting in the right elevator. Of these, six were built: the Imperial Hotel and Annex, the Jiyu Gakuen School, the Aisaku Hayashi . But . And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. And, how do you design single best data operations platform you possibly can?". 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. Take our own company, Intercontinental Exchange, for example. to keep connected with us, please login with your personal info. Why did you give up the helm of the invisible hand for this new role with Snowflake? 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. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. Yeah, it was a good problem. You can't help but run into Dutch people everywhere because they have such a small country. Frank Lloyd Wright Home and Studio. All of us, no exceptions." And the reason that I found it so interesting is technology was mesmerizing. Snowflake now has Frank Slootman as chairman and CEO. This is really think about it as a database in the Cloud. Make the connection to a global natural gas market at ICE, get started with ICE LNG freight futures today. Good sales people have a track record. 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. 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 is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. You guys are a data company, you know as well, right? I'm Josh King, your host, signing off from the library of the New York Stock Exchange. The. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. It was just like Formula 1 of sailboat racing. It's like, "That's not exciting." [9] In June 2019, the company launched Snowflake Data Exchange. No databases of scale and no file systems with scale. I'm buying aptitude and then I'm going to develop that with experience, right? Right. In other words, "How fast does this might work?" The eight blocks of the street run from Broadway in the west to the East River in the east. What's your advice about someone climbing the corporate ladder looking to make that leap? 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? At 61 years old, Slootman has created quite the reputation for himself. No, I didn't. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief Executive Officer of . CEO Frank Slootman told CNBC in January that after the Covid-19 outbreak forced people to work from home, it became clear that the old way of working wasn't going to return. He published a book in 2011 called Tape Sucks. What's the playbook?" So, because we all have our that's sell of awareness. That's why they're big in banking and insurance and distribution and logistics. And it's not just bad behavior, it's also good behavior. And essentially, he defends. 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. You arrived at something like tape sucks. He was pretty smart to use nautical expressions in that conversation, take the helm at Snowflake. Slootman applies this philosophy in the workplace as well. But if you're performing at Tom Brady's level, you have no reason to step aside. 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. Amp It Up, Frank, you write a lot about building culture and I think you had some issues at Snowflake when you got there. And then George Washington was sworn in as the first President of the United States, just a few feet from the front door of the NYSE on April 30th 1789. I mean, to this day, with all the other things that we've done, I still treasured that experience greatly and it's still a very large business to this day. I always find the problem when I hire people that are already, they have just taken a job and they're already about their next job. Slootmans style of leadership is not gentle at all. We were going to do the world of favor.". 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. Right? But the essence of what I'm getting when I hire you is what you're innately good at. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. 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. 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. At some point, we were going to get stunted in our growth. 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. And historically, people have tried to answer these questions anecdotally. What attracted you to the space? 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? 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. Well, that's because historically all we did was we did analytics in silo. So, I ended up going back to, I really didn't want to. And we feel the consequences of our actions every minute of the day. You need to sort your issues into, "What am I going to focus on?" 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? It still runs as an auction in rounds of 30 seconds and final price were used as the benchmark for the entire gold market. Thanks for listening. Not all CEOs have this, but a lot of CEOs do. It was the lowest ranking job in the entire world of IT, if you were involved with tape automation. You really need to, look at yourself as an asset that can be applied in many, many different ways. When you run companies, you need to narrow the plane of attack very, very quickly. Over the past 20 years, as CEO of Data Domain and then ServiceNow and now Snowflake, Frank Slootman has generated extraordinary growth and success for each company and established himself as one of the world's top CEOs. And we introduced a centrally cleared model with ICE as the central counterparty, because that makes it much easier for new firms to join. Yeah, yeah. Welcome back. welcome back! When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. So it's a very important question because if I hire you, I can get you experience every day at the week. I don't know what, if you go back to those days. I mean, the only thing that energizes people and teams and organizations and companies as a whole is the mission. 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. It was doubling. 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. 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. Some may describe him as direct. Mar 11, 2021, 11:30 ET. Over his distinguished career, Frank has mastered the process of fundraising scaling and building young companies into unicorns with the run ending eventually way back here at the corner of Wall and Broad Streets with an initial public offering. So, we were just picking over use cases here and there to sort of stay alive in the early days. I look at the situation, "What does this require?" And now, welcome inside the ICE House. This article "Frank Slootman" is from Wikipedia. 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. Yeah, that goes back about mission posture. There's new business models. They only learn from consequences, so you got to create consequences, good and bad when things happen and things happen all day long. Creative Commons Attribution-ShareAlike. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. I was just shot. Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. And in other words, I was already negotiating Mike's package before I had joined ServiceNow. In this technological era, the field of analytics is vital as it makes it easy to access needed information without much of a hassle. Well, that's another thing I don't think about that. Now, what that does the weaponizing, what that does is we block everything else out. But 233 years later, American, Dutch and British interests are inexorably intertwined. 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 when you're at risk. I always become the CEO that the situation mandates and dictates. 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. CEO Frank Slootman made $287,990 in salary in 2019. The ambitions that happen, the boldness that happens as a result of that, that becomes the magic. Data Domain went public in 2007, but two years later acquired by EMC, in my home state of Massachusetts. They're very safe. In the early days, I want to say like the first eight to 10 years or so, were actually immensely frustrating to me because I was a strange animal, right? Then, they discuss Frank's hiring philosophy and how to create a winning relationship between an executive and their direct reports . In short, money talks, and Slootmans got it in his hands and in his mouth. 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 by the way, data platforms have been extremely fragmented historically. Yacht Racing is incredibly exciting and then it has a lot of corollaries to business because it's this multidimensional game of weather and competition, and what happens on the race course and reacting to it. Everything in our world starts with technology, starts with architecture, okay? 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. Snowflake chairman and CEO Frank Slootman on leadership and the war against mediocrity February 23, 2022 "Leading for unprecedented growth means declaring war on mediocrity, breaking the status quo, and making conflicted choices daily, all with a relentless focus on the mission," says Frank Slootman , chairman and CEO of Snowflake, one of . I mean, we were crawling the bottom in the early days, so we had a product that had marginal product market fit. ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. That's awesome. We're two sides of a coin, which is a reason why we've shown up in so many companies together. Snowflake, the cloud-based data-warehousing company, has been on fire in 2020, with veteran tech CEO Frank Slootman at the center of its success. 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. 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. Who can solve what set of issues, right? 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. This is a very buoyant country. So, you need to create a platform that allows data to be enriched and be joined and be blended and be overlaid in ways that data scientist only have insight into. I mean, that's how I felt at that time, like I had no more to give. You ever noticed that NFL quarterbacks just can't leave the stage. Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. There are many questions left unanswered about the months leading up to Snowflake going public. All of which is presented solely for informational and educational purposes. Frank Slootman has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. Now, I might be a big piece on the chessboard as the CEO of the company, but that's really how you want to think about it. And there were many, many players in that segment, by the way. Theres no surprise here. 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. I use that expression a lot to say, "Look, data operations is going to become your core." He was saying during the pandemic, he's like demand was up 60% over here, down 100% over there. Did you always have your eyes set on a career in the US? If you want to know more about this CEO, this might be the book to read. Now, amid an ongoing legal battle, its got to clean up a very public mess. Right? They're very far removed from the drive train. You need to be invested in the moment, in the present, rather than I'm thinking about my next move. You come with aptitude. So, she talked me into it because I was on the verge of saying, "Look, I'm not going back there." The 61-year old Dutch executive's first CEO job was at an early-stage startup called Data Domain that made specialized storage hardware. Engineers should have a very easy time discerning the talent, so. 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." An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? Well, they knew now. Right, you got a good point. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. Okay. Basically, we had to solve our enormous problems that we have while the company was doubling in size, more than doubling its size every year. The pandemic has. By the close of. So, we came up with this war cry that said, "Tape sucks, move on." 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. I talk to more people than most people in the company do, and that makes me dangerous because I hear directly what is going on - good, bad, and somewhere in between. But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. Windows 3.1 didn't even exist. So, we won a lot of outraces. 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. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. Investors know this about us. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. And people that know the Dutch, and you seem to know to Dutch people, it's, fairly recognizable what the Dutch attributes are that are at play here. The Dutch have all always been enterprising. I mean, I was just in my way of life and I was going to stay there till the end of time. Every week there was a new bid. I'm just, I'm fighting that tide. And all of a sudden, everybody is just high-fiving and doing victory laps and everything is beautiful versus reality is completely different. I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. And Frank, while you were getting your degree from the Netherland School of Economics, you came to the US for an internship with UN Royal and returned after graduating to get a job at Burroughs, which is now Unysis and ticker symbol, UIS. But in the end, it's like we have to get into backup software in which we tried. And my email just dribbled down to nothing and all this kind of thing." That's where we're at right now. And we were babes in the wood back then. I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. And Brett Favre was that way. 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. Because he was still smarting from the fact that I left ServiceNow and he felt I left him stranded. We actually won everything that we wanted to win. You relate well to that way of thinking. CEO Frank Slootman (second row, fourth from left) and the Snowflake team virtually rang the opening . So I've been very different from early days of Data Domain, later days of Data Domain, early days of ServiceNow. And then, I had another internship after that. 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. So, I really lift that cross and the chasm dynamic. Frank Horvat helped elevate fashion photography into high art, and with his thoughtful photographs, changed how we look at fashion altogether. These days, a lot of folks take it for granted, but Wall Street has a fascinating history. Are you just going to look the other way or are you going to call it out? Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". They're high anxiety, they're entrepreneurs, they're CEO, and sort of getting a very unvarnished view, inside view from a fellow traveler. And it was one, and we were better known as the tape sucks company than we were by our own company name at one point. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. And that's the American flavor and flare that has built up over three, almost four decades. Learn how your comment data is processed. So, I finally caved, okay. And that is a common thread through all our companies. You want to be that person, okay? A lot of people think that that's possible, but there's a real limit to what salespeople can and can't do. We had this very high profile bidding war between the EMC and NetApp at that time. Now, we're going to go move the pieces and I'm just a piece on the chessboard." Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.