And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. Quick digression. Well, the number one bit of advice I would have is make sure you're close to the drive train. Collaboration between companies also offers significant opportunities to create value, and Frank Slootman - Chairman and CEO of data cloud pioneer Snowflake - believes it has never been more important for organizations to be able to mobilize their data and share it with ecosystem partners. 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. 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. And people are, are mesmerized by Snowflake results because they don't quite understand, where is this coming from? Some portions of the proceeding conversation may have been edited for the purpose of length or clarity. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. So, I ended up going back to, I really didn't want to. We played a round of golf. All of us, no exceptions." He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. And that's a whole different deal. Give me that train wreck. So, we started to wind down a little bit. Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. Those are really good conversation, good questions to have because each organization is different. That's the reason why this country does so well. 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. The eight blocks of the street run from Broadway in the west to the East River in the east. And also in sailing, you're always looking for new adventures, different platforms and things of that sort to sort of keep it interesting, continual learning experience and so on, rather than rinse and repeat. You're finding the best sailors in the world and all of that. And opinions, everybody's got one, but data doesn't lie. In other words, you got to really mean it, okay? So, I just had some peripheral view of the company, as well as its strategic challenges, by the way. And in other words, what problems can I solve very quickly versus what is going to take longer to solve. In this technological era, the field of analytics is vital as it makes it easy to access needed information without much of a hassle. One company that embodies this vision is ThoughtSpot, an analytics company. CEO Outlook | Frank Slootman - KPMG Global Frank Slootman has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. That's not a healthy dynamic. The Dutch have all always been enterprising. When we first came in there, it was a very, very anxiety-ridden ride in the early days. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Right. Software was barely an industry. Tej, Read More 10 Things You Didnt Know about Tej VirkContinue. Early days of ServiceNow was just jungle fighting. Much like how he runs his companies, Slootman is always direct in his speeches. We added sort of network replication disaster recovery, a whole bunch of adjacencies to it. I'm buying aptitude and then I'm going to develop that with experience, right? It's really every leader in the organization needs to internalize and then, want to act on it. Prior to joining Snowflake, Frank served as the CEO of ServiceNow and that's NYSE ticker symbol, NOW and Data Domain, leading both of those firms successfully through their IPOs. When I was considering Snowflake, I told Snowflake, "I will not do this if Mike doesn't come along." Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. In other words, they kind of let it happen. At the same time, I ended up in conversations with the lead director and investor at Snowflake. 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 the whole point of the book is I try to contrast these experiences, like look, they're not the same. While that is probably not, my temperament is not terribly well-suited for those types of jobs. People naturally become very unfocused, very, very easily. So, we won a lot of outraces. I don't know what, if you go back to those days. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. I mean, there's many jobs in companies and some of them are quite far removed. And we feel the consequences of our actions every minute of the day. 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." I use that expression a lot to say, "Look, data operations is going to become your core." You really need to, look at yourself as an asset that can be applied in many, many different ways. How Snowflake CEO Frank Slootman became a billionaire by ripping up the Snowflake Appoints Frank Slootman as Chairman and CEO And I've never been able to equal that level of success with a marketing slogan. Are you just going to look the other way or are you going to call it out? But that is what digital transformation is. If there were one person you could sit and learn from today, who would it be? And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Open main menu Close main menu Home About Us Contact Us States Advanced Search You could have a meeting in the hallway with the entire company. A decade after his death, fantasy artist Frank Frazetta still towers over the pop culture landscape as new fans discover his work. Snowflake now has Frank Slootman as chairman and CEO. And it's just, it's intoxicating that energy. Read More 10 Things You Did Not Know About Thoughtspot CEO Sudheesh NairContinue, If you follow business news, you may have heard that on September 29, 2021, Totango announced it had raised $100 million in Series D funding. And the reason that I found it so interesting is technology was mesmerizing. In other words, as a leadership team, it's not just the CEO. Before the break, Snowflake's CEO, Frank Slootman and I were discussing his career. What are your God-given talents? ICE is the first exchange to list LNG freight futures contracts underpinned by the price assessments of spark commodities. This property is owned by Frank & Brenda Slootman. 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. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . I was a huge fan coming here. It was sort of an adjunct to what they called the computer industry back then. Once you understand relationships, you can now predict them. Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. And you had literally physical media that could logistically manage. But then again, there really is only one Frank Slootman, IPO master in the world. That is how you energize companies. No databases of scale and no file systems with scale. Our European futures operation is based in London, England, and a big part of that operation is futures trading for Dutch Natural Gas at the Title Transfer Facility or TTF, virtual trading point in Amsterdam. In other words, "How fast does this might work?" Snowflake CEO Frank Slootman: How To Boost Growth And Drive Meaningful It's a small country, obviously, which is why they sort of veer far and wide. 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. 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. Episode 280: Snowflake CEO Frank Slootman Wrote the Playbook - the ICE 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. It was just like Formula 1 of sailboat racing. They've never really been asked that before. 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. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. Welcome back. But we didn't have the market capital resources to do that. You arrived at something like tape sucks. I mean, we have bumper stickers and people would at trade shows would stick them on tape libraries. Frank Slootman, Chairman and CEO of Snowflake, recently launched a new book called Amp it Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Photo by Christie Hemm Klok/The Forbes Collection. And essentially, he defends. And by the way, for most people, that's a very difficult question. to keep connected with us, please login with your personal info. Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 It's been extremely successful since we took over. What attracted you to the space? Read More 10 Things You Didnt Know About Paul StovellContinue. And it wasn't charged for, so companies just couldn't build software because it was just given away.

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