We're always picking at things that could be better. I was a huge fan coming here. People naturally become very unfocused, very, very easily. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. Frank Lloyd Wright Home and Studio. I'm just, I'm fighting that tide. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. 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, the earlier you show up, the better off you are. Slootman moved to Silicon Valley in 1997. Somebody who I had known for many, many years, so at Sutter Hill Mike Speiser. 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. When I was interviewing with ServiceNow, I said to the board, "I want to bring Mike along." They're very lonely in their jobs. San Francisco 49ers Admit Quarterback Help Might Be Needed This Offseason, Frank Founder Charlie Javice Denies JP Morgan Allegations That She Duped Bank Into Buying Her Startup For $175M, Central Bank Digital Currencies Are Off To A Rough Start, JP Morgan Is Still Cleaning Up Its Disastrous $175M Frank Acquisition, How To Choose The Right Bank For Your Business And Sector, Chris Jones And Frank Clark Lead Kansas City Chiefs To AFC Championship Win, The Last Of Us Season 1, Episode 3 Recap And Review: Bill And Frank, Art Titan Frank Frazettas Legacy Keeps Growing With New Projects And A Massive Retrospective, Inside Frank Horvats Fashion Photography Exhibition In Germany, Frank Talk About Women, Money, And Promotion, European School of Management and Technology - Berlin, Snowflake CEO Frank Slootman: How To Boost Growth And Drive Meaningful Change, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The biggest guess is that Frank Slootman simply had the track record for having previously taken data storage companies successfully out of trouble and into the future. But one day, and this was in March of 2019 and he said, "What would it take for you to take the helm?" We had no experience. See what you can do with it" to data driving operations directly, right? They also appreciate it. This site uses Akismet to reduce spam. 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. I mean, we lived in absolute terror. I can't do every speaking engagement," et cetera. So in hindsight, I understood that I was just burned out, classic burned out. 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. Phone: 312.994.4000. They did not try to carry technology or ways of thinking forward. And are there any particular secrets to building a consensus around the idea of change? Yeah. And then, I had another internship after that. He's a pretty good golfer. Everybody has access to talent. So, I did. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. Where does a CEO Frank find time to write two books back-to-back and what was the inspiration for Amp It Up? Here's your host, Josh King of Intercontinental Exchange. 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. It's really a company production, by the way. Get the world to sort of move onto a different technology platforms, et cetera. Slootman said he understands people might be eager to more freely leave their homes once long-standing public health restrictions are eased, potentially wanting to return to pre-pandemic routines . Everybody has ideas. It's just that there is a spirit here that always believes that it can do things that other countries don't believe about themselves. I need to know what that is. That's why they're big in banking and insurance and distribution and logistics. All these things eventually came together. That's a running joke that we always have. He cancelled the luxurious annual employee ski trip to Tahoe. The eight blocks of the street run from Broadway in the west to the East River in the east. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. Presiding is the worst word. Much like how he runs his companies, Slootman is always direct in his speeches. They just said, "Look, let's re-envision, re-imagine based on the platform realities that we now have, which was the Public Cloud. We actually won everything that we wanted to win. The consequences of your action are like right there. But then, you go like, "Oh, this is the rest of my life." And when you're burned out, you don't regenerate anymore. I really had to be shamed into writing this book, considering the amount of work that it is, but got a lot of help from the company. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. So, we won a lot of outraces. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. Data has no opinion. And people really want to be led in that manner. It was great and it lasted the entire duration. 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 can't get you aptitude. The name was also fitting because a few years later, Snowflake burst onto the tech scene with a one of a time groundbreaking Cloud data warehouse product that revolutionized how companies could manage their data. Software was barely an industry. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. One company that embodies this vision is ThoughtSpot, an analytics company. You arrived at something like tape sucks. In any successful company just ask them, they will attribute success to their culture. Fred Luddy, the founder of ServiceNow, I mean, super talented guy, obviously. The dream drivers that have made the NYSE an indispensable institution of global growth for over 225 years. Amp It Up, Frank, you write a lot about building culture and I think you had some issues at Snowflake when you got there. So, Frank, as we wrap up final question, and if it's a spoiler alert for Mike Scarpelli, if he's listening, Mike, you can turn off the podcast now. Our guest today, Frank Slootman is chairman and CEO of Snowflake. In other words, as a leadership team, it's not just the CEO. Never seen the inside of an office or anything. People that the company really, really runs on. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . Now, it was actually pretty interesting because this was sort of a forerunner of a data analytics, business intelligence type of company. So, getting an internship in the US in those days was a really big deal and it really didn't matter to me, where it was, what company it was, I just wanted to have the exposure to what is that like. They're very far removed from the drive train. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. I mean, there's many jobs in companies and some of them are quite far removed. Frank Slootman added: " I'm excited to advise Blackstone. 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. You hit a mark, you have to do two 360s. But the world of backup and recovery, was dominated, as you said, by tape automation technologies. 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. Tour Hours: 10 am - 4 pm daily; 10 am - 3 pm in January and February. There's no doubt, I'm a total hybrid here. Frank, you write about trying to convert your experience, taking on the hard problems of your employer, into making a path to the C-Suite. 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, 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. Data Domain was really an interesting company. I mean, in the book, Frank, you used the analogy of getting in the right elevator. And then Snowflake is again, a totally different. That's the reason why this country does so well. And for example, when I joined Unysis, I ended up in a corporate planning role. That's actually another important bit of learning with a lot of people take on CEO roles and they keep doing their last job because that's familiar to them and they love it and they keep doing it. 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." So, we started to wind down a little bit. I think EMC was exactly the right acquirer because they just sort of had the orientation and the scale and the intensity culturally. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". I was just shot. Who can solve what set of issues, right? And obviously, I got that in spades at UN Royal in Indiana. Strong personalities will just dictate culture in certain business units, in certain geographies and so on. So after a while, it's like, "Okay, we've done enough of this." So, after six years of success, by any metric, by playing the king on that ServiceNow chess board, why was it time to step down? We're going to nuke an entire industry out of existence. And it wasn't charged for, so companies just couldn't build software because it was just given away. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. Once you start doing that, you need to take yourself out of the game. Thanks so much for joining us inside the Ice House. Now, what that does the weaponizing, what that does is we block everything else out. And opinions, everybody's got one, but data doesn't lie. We want to bring about something in the world of computing that has never existed before and we are consumed by our mission. I'm in New York. Frank Slootman - Narrow the Focus, Increase the Quality - [In Yeah, there's no doubt. I mean, it was doing well. 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. Not exactly like a year and a half, he'd been there for seven years. 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. So, I ended up in odd places because they didn't know what to do with me. Let me bring you back 10 years to 2012, Benoit Dageville, Thierry Cruanes, and Marcin ukowski started Snowflake as the secret name of the startup they were working on during that particularly hot summer. And that's all coming up right after this. 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. 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. 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? I mean, anecdotal observation has pretty much run its course. Most people just preside over culture. Tell me about sailing, first of all. As Snowflake got bigger in 2019, the company knew it was time for leadership to take it to the next level and brought in today's guest, Frank Slootman, as CEO. And in other words, what problems can I solve very quickly versus what is going to take longer to solve. His company's listing here at the NYC in September 2020 was the largest software IPO in the history of the US capital markets. 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 Mike was still the CEO at ServiceNow at that time. You could have a meeting in the hallway with the entire company. The improvement in technology is one of the main reasons that this commercial scene is flourishing by the, Read More 10 Things You Didnt Know about Loggi CEO Fabien MendezContinue, Tableau Softwares President and CEO Mark Nelson defines Tableaus vision and supervises the companys business operations and procedures.