You relate well to that way of thinking. I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. 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. I don't know if you've watched any of the first couple seasons of Ted Lasso, but on a team of great characters, the Dutchman is the one guy, straight faced, no bullshit throughout the whole game. That's NYSE ticker symbol S-N-O-W or snow who, like the immigrant inhabitants of New Amsterdam more than two centuries ago, has proven himself a master entrepreneur and visionary leader, able to take a great idea and scale it massively, and then apply the same playbook again and again. I really had to change from being an individual contributor or a small team leader to somebody who runs organizations. I mean, what drove you to move on? Well, building culture is a very forceful thing. Investors know this about us. It was just like Formula 1 of sailboat racing. Mike is a really good example of that because what he's really good at, I'm not, and I always use the, the analogy of he plays defense, I play offense. Check out the subtleties of his Wikipedia below. We'll do something good with it. Okay. 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. So, it sort of lit a fire under me, just the prospect of doing that, it just kind of brought me back from my burned out state in 2017 to two years, feeling incredibly challenged, energized, and sort of having a new leash on life, if you will take on something like that. And the other thing I'll say is we maintain a very, what we call a malcontent attitude. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. 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. I remember having a conversation with the CEO of a very large healthcare company. But this was quickly set aside because Frank appears to walk the walk. At 61 years old, Slootman has created quite the reputation for himself. Because when all the energy and all the quality of resources is fully concentrated on the mission, that's pure magic, okay? Snowflake is Slootmans third IPO. Volumes have increased and they've pretty much more than doubled, and we've actually nearly tripled the number of participants that we have as well. BUILDINGS. I mean, all these greats, right? But the essence of what I'm getting when I hire you is what you're innately good at. So in hindsight, I understood that I was just burned out, classic burned out. We just never backed off of it. 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. And people would eyeball those reports in those dashboards, and that was sort of the extent of it. This is a country that's very aspirational. It pays a lot to be in the business of knowing what you do, and Slootman knows more than the rest of us when it comes to money, the market, and the software industry. I'm Josh King, your host, signing off from the library of the New York Stock Exchange. No. 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. Well, they knew now. In Amp It Up, Frank, you say that a company's mission really has to be weaponized. Snowflake, the cloud-based data-warehousing company, has been on fire in 2020, with veteran tech CEO Frank Slootman at the center of its success. You have served, as I intimated in the introduction, as the CEO of companies in Silicon Valley and now, Montana, but your story really begins 5,500 miles away from the West Coast. The ecommerce industry is one of the fastest-growing sectors, and at the moment, it features several players. SAN MATEO, CA - May 1, 2019 - Snowflake Inc., the only data warehouse built for the cloud, today appointed Frank Slootman as its Chairman and Chief Executive Officer.Former CEO, Bob Muglia, has left the company after leading Snowflake through five years of unprecedented growth. He cuts back where he sees fit. 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. It's always hard when you come in as a CEO and you have to follow a founder because the founder almost has mythical status in the organization. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Creative Commons Attribution-ShareAlike. I was just shot. No databases of scale and no file systems with scale. 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. It was the lowest ranking job in the entire world of IT, if you were involved with tape automation. Mar 11, 2021, 11:30 ET. 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. And by the way, data is going to, some people have referred to it as a new currency to new oil, whatever you want to call it, but. And the reason that I found it so interesting is technology was mesmerizing. In other words, somebody who has lived their lives over and over. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. I mean, in the book, Frank, you used the analogy of getting in the right elevator. 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. We actually won everything that we wanted to win. 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 other words, wants to call it out, wants to prosecute it because you can see good behavior, bad behavior around you all day long. And that went on literally for years, okay? And by the way, data platforms have been extremely fragmented historically. And we feel the consequences of our actions every minute of the day. In other words, "How fast does this might work?" Frank Lloyd Wright Home and Studio. And it's very rare to create that kind of value. He cancelled the luxurious annual employee ski trip to Tahoe. I don't think about what's next. You hit a mark, you have to do two 360s. But you dont achieve a $1.8 billion net worth by being a spendthrift. It could address very few use cases. 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 Brett Favre was that way. I hate that. Our headquarters is in Atlanta, Georgia. After the break Snowflake's CEO Frank Slootman and I are going to preview and review some of the other lessons in his new book, Amp It Up. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017, taking the organization from around $100M in revenue, through an IPO, to $1.4B. Get the world to sort of move onto a different technology platforms, et cetera. What goes around, comes around and the Dutch get around the world. It's really every leader in the organization needs to internalize and then, want to act on it. And Frank, while you were getting your degree from the Netherland School of Economics, you came to the US for an internship with UN Royal and returned after graduating to get a job at Burroughs, which is now Unysis and ticker symbol, UIS. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Yeah, there's no doubt. And all of a sudden, everybody is just high-fiving and doing victory laps and everything is beautiful versus reality is completely different. Then, they discuss Frank's hiring philosophy and how to create a winning relationship between an executive and their direct reports . Now, we're going to go move the pieces and I'm just a piece on the chessboard." We were entertainment for Wall Street for a six-week period. They just said, "Look, let's re-envision, re-imagine based on the platform realities that we now have, which was the Public Cloud. But the problem with tape was, I mean, tape got lost, tape became unreadable. Slootman said diversity comes second when making . Some may describe him as direct. 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. We will talk to you next week. Americans are, it doesn't matter what profession they're in, they always believe they can do better. Never heard of that company." That takes very different approaches, orientation, skill sets, and so on what you do. 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. From the library of the New York Stock Exchange, at the corner of Wall and Broad Streets in New York City, you're inside the ICE House, our podcast from Intercontinental Exchange on markets, leadership and vision in global business. Frank Slootman - Narrow the Focus, Increase the Quality - [In Data Domain went public in 2007, but two years later acquired by EMC, in my home state of Massachusetts. And eventually, we totally crushed that market because we could address any and all use cases that were out there. Right? Frank Lloyd Wright designed some 14 buildings for Japan: an embassy, a school, two hotels and a temporary hotel annex, a commercial-residential complex, a theater, an official residence for the prime minister and six private residences. 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. [3] On September 16, 2020, Snowflake made an IPO, selling 28 million shares and raising $3.4 billion, making it the largest software IPO in history.[4]. It becomes the beating heart of a modern enterprise. They're kind of like whine and bitch all day. I always become the CEO that the situation mandates and dictates. [23] That's the reason why this country does so well. 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. One of the worst, worst in the English language for me. Good sales people have a track record. So, because we all have our that's sell of awareness. So, we came out there and we said, "Look, no, we're not just going to sell a product here. 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. 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. CEO Frank Slootman made $287,990 in salary in 2019. Slootman has become somewhat of a business hero for many people, myself included. Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. The question is, what are you going to do? [+] NYSE When Snowflake went public in the largest software IPO of the year on Wednesday,.