frank slootman house
It doesn't matter how big we are, as long as we have a compelling mission that we want to get up for every day and swing for defenses and then, it's not hard. And it wasn't charged for, so companies just couldn't build software because it was just given away. You guys are a data company, you know as well, right? It's just our nature to talk about problems." Because that's what it is. Let's go." 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. We added sort of network replication disaster recovery, a whole bunch of adjacencies to it. The book accounts his time in Data Domain and so much more. Well, building culture is a very forceful thing. Never seen the inside of an office or anything. So, I just had some peripheral view of the company, as well as its strategic challenges, by the way. You relate well to that way of thinking. Listen to this episode from This Week in Startups on Spotify. I mean, that's how I felt at that time, like I had no more to give. 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). Data Domain was really an interesting company. So, we were just picking over use cases here and there to sort of stay alive in the early days. Tell me about sailing, first of all. Slootman has become somewhat of a business hero for many people, myself included. I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. Wikitia is not affiliated to Wikimedia Foundation. We tried to, we wanted to get into primary storage. This is a very buoyant country. You're finding the best sailors in the world and all of that. I hate to break it to the audience, but that is the way that it is. But 233 years later, American, Dutch and British interests are inexorably intertwined. 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. Everybody has access to talent. 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). When we first came in there, it was a very, very anxiety-ridden ride in the early days. And it was really my wife who said, "No, no, we'll go. I use that expression a lot to say, "Look, data operations is going to become your core." We want to bring about something in the world of computing that has never existed before and we are consumed by our mission. 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. People that the company really, really runs on. 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. Frank Slootman added: " I'm excited to advise Blackstone. And it's just, it's intoxicating that energy. What's the playbook?" And everybody was like, "Who's Data Domain? 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. I mean, that's how aligned this is, okay? I mean, they had graphical user interfaces that were completely proprietary to that company. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. 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. Because, and this is another important observation, I think. The pandemic has. Because now, now you're going to look people in the eye, and say, "Look, this is the way we're going to be. And Mike was still the CEO at ServiceNow at that time. It still runs as an auction in rounds of 30 seconds and final price were used as the benchmark for the entire gold market. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. You need to sort your issues into, "What am I going to focus on?" This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. You arrived at something like tape sucks. Now, you can be very obstinate about it and say, "Well, I'll eventually cross that bridge when I come to it," or you can try to anticipate it and say, "Okay, I'm going to find somebody who has the resources that I do not possess." They always have a twinkle in their eye and they're going to do this, they're going to do that. And eventually, we totally crushed that market because we could address any and all use cases that were out there. Now, you can manage LNG freight risk with ICE LNG freight futures contracts, which join our global natural gas complex. We left off before the break with your decision to literally set sail after 33 years of a career that took you all over the globe, including bringing two companies public. So, I did. When you run companies, you need to narrow the plane of attack very, very quickly. And like, "How fast does this guy type?" And by the way, for most people, that's a very difficult question. I only think about now and what I'm doing today. 5.9% of any company is a huge deal. welcome back! Frank Slootman - Narrow the Focus, Increase the Quality - [In BUILDINGS. 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. We were entertainment for Wall Street for a six-week period. 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 . 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.. [9] In June 2019, the company launched Snowflake Data Exchange. Now, it was actually pretty interesting because this was sort of a forerunner of a data analytics, business intelligence type of company. But eventually, I returned to Holland about a year later, resumed my education. And Americans always think that there's an easy answer to these questions. I speak with a fat accent and like, "What are we going to do with you, pal?" We're driving change. 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. But the problem with tape was, I mean, tape got lost, tape became unreadable. Before that, he spent his life in Netherlands, where he was also born. The consequences of your action are like right there. Who can solve what set of issues, right? I'm the opposite. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. 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. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". What's the silver bullet? 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. I really had to change from being an individual contributor or a small team leader to somebody who runs organizations. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. People were looking at my credentials. So in hindsight, I understood that I was just burned out, classic burned out. It becomes the beating heart of a modern enterprise. 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 in other words, I was already negotiating Mike's package before I had joined ServiceNow. This site uses Akismet to reduce spam. And we feel the consequences of our actions every minute of the day. The ecommerce industry is one of the fastest-growing sectors, and at the moment, it features several players. The information contained in this podcast was obtained in part from publicly available sources and not independently verified, neither ICE nor is affiliates, make any representations or warranties, express or implied as to the accuracy or completeness of the information and do not sponsor, approve or endorse any of the content herein. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. So, we started to wind down a little bit. Okay, it's real easy and in engineering, they put guys on the whiteboard and they give them problems. After all, he has experience on his side. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. If you like what you heard, please rate us on iTunes, so other folks know where to find us. 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. So, understanding that is really important because obviously, you can't fight it off unless you understand where it's coming from. Nothing to do with financial targets or growth targets or market capitalization. It is data operations from the most transactional to the most analytical and everything in between, so. And that's exactly what we did. What kind of people fail here and why?" He was saying during the pandemic, he's like demand was up 60% over here, down 100% over there. 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. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. So like, "Look, I'm not going to be doing the same races over and over again." Museum Shop Hours: 9:30 am - 5 pm daily; 9:30 am - 4 pm in January and February.