I'm in New York. "Frank Slootman is one of the best-performing CEOs there is. So, what are things that we should absolutely not ask you to do ever? I mean, the results speak for themselves. The tech firm, founded in 2012, helps businesses manage and analyze data stored on its cloud. (Graphic: Business Wire). 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 companies that have been around a long time, it's near to impossible to undo the culture. I'm curious, how that opportunity at Data Domain came to you? Slootman stressed that the companys software is only becoming more important as enterprises shift away from databases tied to hardware. You need to sort your issues into, "What am I going to focus on?" On May 26, Slootman asked shareholders to be patient with the companys stock because the cloud transition is not happening overnight. And the whole point of the book is I try to contrast these experiences, like look, they're not the same. Thomas M. Siebel Chairman & CEO. I mean, if you look historically at what platforms like ours have done, there is no relationship to the past with what Snowflake is doing now. And of course, the appetite is insatiable for both technology and people that know how to make this future happen. I can't do every speaking engagement," et cetera. 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. Meaning that we would run something like Tableau on top of Salesforce or whatever. https://www.businesswire.com/news/home/20220119005295/en/, Danica Stanczak Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. Amp it up and the results will follow. The Dutch have all always been enterprising. Snowflake Company Profile | Management and You could have a meeting in the hallway with the entire company. And I was like completely taken aback because there not a single thread thinking about that, considering that, considering any role of any sorts. The interesting thing about data domain was it was very, very slow going. What's your advice about someone climbing the corporate ladder looking to make that leap? 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. Scale is definitely a problem because you get layers and layers and you got the problem of having tons of passengers on the boat, all these types of issues. Email notifications are only sent once a day, and only if there are new matching items. Because, and this is another important observation, I think. 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. $2.1B. 3,990. Welcome back. It was able to separatecomputer data storagefromcomputingbefore Google, Amazon and Microsoft. 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? And you can take it or leave it and try it on for size and see if you like it." Frank Slootman Chairman and CEO at Snowflake Bozeman, Montana, United States 35K followers 500+ connections Join to follow Snowflake Erasmus So after a while, it's like, "Okay, we've done enough of this." I don't have to go work on Monday. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Frank Slootman owns about 10 percent of Snowflake, Snowflake is a cloud computing-based date warehousing company, Snowflake's shares tumbled as much as 8 percent on May 26, Independent Press Standards Organisation (IPSO). I mean, I was just in my way of life and I was going to stay there till the end of time. 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'm a proud US citizen, but at the same time, there's no negating my Dutch roots. Snowflake's headquarters is in Bozeman, Montana, and was founded in 2012. Slootman has spent a lot of time and money in Montana in recent years. So, the earlier you show up, the better off you are. I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. Our guest was Frank Slootman, the Chairman and CEO of Snowflake. frank slootman 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? Correct, correct. Veteran tech executive Frank Slootman was retired and racing sailboats last year when an old friend reached out. So, we're going to be in the middle of that. It's not that easy. 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. While that is probably not, my temperament is not terribly well-suited for those types of jobs. I'm Josh King, your host, signing off from the library of the New York Stock Exchange. Amp It Up: Snowflake boss pens hands-on CEO toolkit I mean, that's how aligned this is, okay? What you're doing now is doing pretty good, so keep yourself in the game, Frank. Americans are, it doesn't matter what profession they're in, they always believe they can do better. But this was quickly set aside because Frank appears to walk the walk. 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. Architecturally, just damn near perfect, so. 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. And it worked like that for about a hundred years. You can only sail so much, [crosstalk 00:31:19]. 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? Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. And it's very rare to create that kind of value. In other words, somebody who has lived their lives over and over. I mean, it's like when people start to roll their eyes. And that's a whole different deal. Amp It Up is a recipe we can all apply. And that is a common thread through all our companies. But the problem with tape was, I mean, tape got lost, tape became unreadable. But we didn't have the market capital resources to do that. And I've never been able to equal that level of success with a marketing slogan. And in other words, what problems can I solve very quickly versus what is going to take longer to solve. Who can solve what set of issues, right? 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. He was pretty smart to use nautical expressions in that conversation, take the helm at Snowflake. And by the way, data platforms have been extremely fragmented historically. I need to know what that is. Who is Snowflake CEO Frank Slootman? | The Sun So, we came out there and we said, "Look, no, we're not just going to sell a product here. Your e-mail address will be used to confirm your account. And the other thing I'll say is we maintain a very, what we call a malcontent attitude. 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. I just have been in the line of fire too long. It was sort of an adjunct to what they called the computer industry back then. But your culture is the only thing that's really unique to you and everything else is up for grab for anybody else. Look, I'm not a certain type of CEO. In other words, as a leadership team, it's not just the CEO. It could address very few use cases. $5.4B. Analytics, Why People naturally become very unfocused, very, very easily. Frank Slootman - Chief Executive Officer &.. - Snowflake I mean, you brought in some reinforcements when you started at Snowflake, including Michael Scarpelli, who was your CFO at Data Domain and ServiceNow. It was just like Formula 1 of sailboat racing. If you want to be the best - Amp It Up is for you. " 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 Not all CEOs have this, but a lot of CEOs do. You've said that you were really born in the wrong country. Board, Speakers 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. I mean, it's a hell of a cash burner as well. Our headquarters is in Atlanta, Georgia. 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. Why did you give up the helm of the invisible hand for this new role with Snowflake? Yeah, that goes back about mission posture. It is data operations from the most transactional to the most analytical and everything in between, so. Quick digression. As I said, what comes around, goes around. So, we were just picking over use cases here and there to sort of stay alive in the early days. 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?" The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. Real-time trigger alerts. This is kind of the pattern that ICE has seen through how different markets have developed, but normally that takes 10 years, whereas actually, it's taken 10 weeks in the auction.

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