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. That's really what you want to preserve rather than layers and layers and layers and channels of communication. If it's not related to our core mission, we don't want to hear about it. Where does a CEO Frank find time to write two books back-to-back and what was the inspiration for Amp It Up? I don't know what, if you go back to those days. I mean, people go from spending $50,000 a year to a million dollars a year in one year and they're like, and the CFOs go, "What the hell is this all about?" ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. 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Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Right? Now, what that does the weaponizing, what that does is we block everything else out. I was just shot. Phone: 312.994.4000. People naturally become very unfocused, very, very easily. BUILDINGS. In May 2019, Frank Slootman, the retired former CEO of ServiceNow, joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow joined the company as CFO. Growth opportunities abound, but what many owners of startups may not realize is that choosing a bank with sector expertise to complement your business needs is more important than ever. It was great and it lasted the entire duration. And companies that have been around a long time, it's near to impossible to undo the culture. We had this very high profile bidding war between the EMC and NetApp at that time. So, it's the story, what goes around, comes around, as I said at the beginning. Neither ICE nor its 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, all of which is presented solely for informational and educational purposes. Well, that's because historically all we did was we did analytics in silo. And essentially, he defends. In other words, "How fast does this might work?" Frank Lloyd Wright Home and Studio. I mean, we were crawling the bottom in the early days, so we had a product that had marginal product market fit. Right? 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. But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. 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. 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 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). In short, money talks, and Slootmans got it in his hands and in his mouth. And my email just dribbled down to nothing and all this kind of thing." And then, I had another internship after that. They just said, "Look, let's re-envision, re-imagine based on the platform realities that we now have, which was the Public Cloud. I mean, you're not going to get excited, "Well, we want to grow 100% this year." [23] I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. CEO Frank Slootman (second row, fourth from left) and the Snowflake team virtually rang the opening . Somebody who I had known for many, many years, so at Sutter Hill Mike Speiser. All Rights Reserved. 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. Frank Slootman - Narrow the Focus, Increase the Quality - [In 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. welcome back! Here's why this makes sense while looking at some options. You hit a mark, you have to do two 360s. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. The perception in Holland of United States is very, and I don't want to use the word biased, that might be too strong. 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, what are things that we should absolutely not ask you to do ever? So, we came up with this war cry that said, "Tape sucks, move on." Make the connection to a global natural gas market at ICE, get started with ICE LNG freight futures today. The dream drivers that have made the NYSE an indispensable institution of global growth for over 225 years. 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. 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? 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. As the gold auction and also, the LBMA gold price is the world's price for gold, particularly gold, which is delivered in London. 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." The IPO was the third for Slootman, who moved to California for a job at Compuware in the dot-com boom, then worked at Borland Software. In the Dutchman Frank Slootman, a non-coddling, no-nonsense executive who had taken Data Domain public before selling it to EMC, Leone saw "a match made . So in hindsight, I understood that I was just burned out, classic burned out. 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. But your culture is the only thing that's really unique to you and everything else is up for grab for anybody else. 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? It was the lowest ranking job in the entire world of IT, if you were involved with tape automation. What you're doing now is doing pretty good, so keep yourself in the game, Frank. Our show is produced by Pete Asch, with assistance from Stephan Capriles, Ian Wolf, and Ken Abel. When some of these firms moved out to Canary Wharf, they decided that actually, it was too much to be sending people to the room, so they moved it to a phone call to buy and sell and establishing a price. 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? 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. But you dont achieve a $1.8 billion net worth by being a spendthrift. Sometimes that is hard for American audiences. We want to bring about something in the world of computing that has never existed before and we are consumed by our mission. Slootman has become somewhat of a business hero for many people, myself included. Bunkers is basically a silo that's incredibly hard to access. It's like, "That's not exciting." They all do and for a good reason. So now, we're having business conversations about data. You've said that you were really born in the wrong country. That's the point of it. 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. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. I mean, we had like 15X, the X of the next nearest competitor. So, we started to wind down a little bit. The former Frank CEO said JP Morgan had full knowledge of Franks customer data before the acquisitionand Chairman Jamie Dimon personally pushed for it to happen. And like, "How fast does this guy type?" 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. Most people just preside over culture. I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. But then again, there really is only one Frank Slootman, IPO master in the world. So, we're going to be in the middle of that. 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. I can't do every speaking engagement," et cetera. 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. So it's a very important question because if I hire you, I can get you experience every day at the week. But you think that your upbringing in the Netherlands gave you a unique perspective on business and success, that's helped you throughout your career? And people are, are mesmerized by Snowflake results because they don't quite understand, where is this coming from? I can just blow a year on doing some other stuff that's interesting." Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. Tour Hours: 10 am - 4 pm daily; 10 am - 3 pm in January and February. And you can take it or leave it and try it on for size and see if you like it."
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