He cuts back where he sees fit. 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. It was super interesting to me, sort of my first encounter with American management. The interesting thing about data domain was it was very, very slow going. I mean, the only thing that energizes people and teams and organizations and companies as a whole is the mission. Theres no surprise here. How does having who's worked closely with you for years help you accomplish your goals of hyper growth without losing focus? 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. It's been extremely successful since we took over. Architecturally, just damn near perfect, so. But EMC prevailed. Those are really good conversation, good questions to have because each organization is different. That's the reason why this country does so well. He's like, "How do we run a supply chain?" 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." We call it a turn on the crank and we came out with a product that was at least twice as big, twice as fast, so the market kind of opened up gradually for us. I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. While that is probably not, my temperament is not terribly well-suited for those types of jobs. It wasn't long before top VCs weighed in. Over his distinguished career, Frank has mastered the process of fundraising scaling and building young companies into unicorns with the run ending eventually way back here at the corner of Wall and Broad Streets with an initial public offering. Did you find it difficult to change Snowflake's established culture? Let's go." Now, amid an ongoing legal battle, its got to clean up a very public mess. I mean, you're not going to get excited, "Well, we want to grow 100% this year." You can only sail so much, [crosstalk 00:31:19]. I mean, truly retire. You arrived at something like tape sucks. And I'm like, "You know what? But you mentioned this earlier, it isn't really what happened. But let's focus on another dilemma that brought up in the book, Frank. Including his options, Slootman owns about 10% of Snowflake. It was just a beautiful thing when a company has massive scale and distribution, what a good product that gets entered into that context can do in a short period of time was mesmerizing. You want to be that person, okay? Good sales people have a track record. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? But backup recovery still largely dependent on tape and tape automation technology, so we created a tape. So, this is not data warehousing, it's just one use case. After joining almost at the start in 2003, Slootman helped. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. At 61 years old, Slootman has created quite the reputation for himself. Now, for us, it's a data Cloud. Data Domain was really an interesting company. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. And people really want to be led in that manner. And obviously, I got that in spades at UN Royal in Indiana. At some point, we were going to get stunted in our growth. And by the way, data platforms have been extremely fragmented historically. He knows what problems exist in his field today, and he knows how to address them as well. You can't help but run into Dutch people everywhere because they have such a small country. So, a book becomes highly scalable way of really creating some well-curated observations around "Look, here's what we believe to be true about the trajectory that we've been on. But yeah, where the inspiration comes from, we've had three very successful companies in a row, so you get barraged by requests for, "Hey, can you explain to us what the secret sauce is? While most CEOs would be described as the person who would take their company to the moon, Slootman has been referred to as the person who would take his company to Mars. ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. Insurance companies historically have not been because they are data companies by their essence, right? But it's a very, it's a country that has really no natural resources other than the natural gas that you mentioned, which they're pretty much run out of by now, so they've really leveraged their geographic location over the years. It's like it's full of feedback. The Dutch-born Slootman, who now lives in Montana, has had three hits in a row since 2003: He was made CEO of enterprise storage startup Data Domain and grew it to a $2.4 billion acquisition. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. But then, you go like, "Oh, this is the rest of my life." And that really allowed me to do this at 6:00 AM on weekdays and weekends and the holidays. And we publish the data transparently on our site, so anyone can come and see what actually happened in the auction. Look, I'm not a certain type of CEO. It's lights out, light speed and then fully disintermediated and it's fully programmatic. I mean, we have bumper stickers and people would at trade shows would stick them on tape libraries. And then I change myself to become that flavor of CEO. Closed: Thanksgiving, Christmas Eve, Christmas and New Year's Day. Take our own company, Intercontinental Exchange, for example. It has certainly worked well for himself, for the companies hes worked under, the many investors that have poured money in his name, and so forth. And it's very much a talent game just like business is. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Welcome, Frank, inside the Ice House. Right, you got a good point. They're kind of like-. In Amp It Up, Frank, you say that a company's mission really has to be weaponized. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. Our headquarters is in Atlanta, Georgia. We were entertainment for Wall Street for a six-week period. The post 'Summer House' star Danielle Olivera gets emotional talking about Robert . Yeah, in some areas it's easier than others, and in sales, we can just look at what people have done the past. welcome back! Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening. 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's you're in this job for a reason. Please help to demonstrate the notability of the topic by citing, Learn how and when to remove this template message, https://xconomy.com/san-diego/2011/04/26/service-now-names-software-industry-veteran-frank-slootman-as-ceo/, https://www.businessinsider.com/servicenow-frank-slootman-interview-2012-8, https://www.forbes.com/sites/tomtaulli/2019/06/05/snowflake-the-ai-force-multiplier/amp/, https://www.cnbc.com/2020/09/16/snowflake-snow-opening-trading-on-the-nyse.html, article "Frank Slootman" is from Wikipedia, https://wikitia.com/index.php?title=Frank_Slootman&oldid=81954. In other words, as a leadership team, it's not just the CEO. Slootman knows exactly what hes doing. The Frank Lloyd Wright (R) Suite will be accepting bookings from January 24, 2023, through March 31, 2024. . 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. They did not try to carry technology or ways of thinking forward. ICE is the first exchange to list LNG freight futures contracts underpinned by the price assessments of spark commodities. The dream drivers that have made the NYSE an indispensable institution of global growth for over 225 years. Of these, six were built: the Imperial Hotel and Annex, the Jiyu Gakuen School, the Aisaku Hayashi . When you get that sensation, you do need to leave because you're no longer the right person for that situation. Before becoming President and CEO, Mark served as Tableaus Executive Vice President of Product Development, coordinating the, Read More 10 Things You Didnt Know about Mark NelsonContinue. It could address very few use cases. And of course, the appetite is insatiable for both technology and people that know how to make this future happen. And that's exactly what we did. Slootman said diversity comes second when making . 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. Make the connection to a global natural gas market at ICE, get started with ICE LNG freight futures today. We're going to nuke an entire industry out of existence. 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One company that embodies this vision is ThoughtSpot, an analytics company. You speak the language, like we do, but there is something different about you." And eventually, we totally crushed that market because we could address any and all use cases that were out there. Why did you give up the helm of the invisible hand for this new role with Snowflake? 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.