I mean, it gets rid of you. Let's go." What goes around, comes around and the Dutch get around the world. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. 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. By the way, everything he did had to be insanely great because he just couldn't get out of bed if it wasn't insanely great. And Mike, he takes on the end entire spectrum of controls and administration. And that is our culture. 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. And then by the way, I have to have that around me, because I don't like people that want to self-congratulate and do victory laps all day. Insurance companies historically have not been because they are data companies by their essence, right? 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? 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. Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster initial public offering (IPO). It is data operations from the most transactional to the most analytical and everything in between, so. In this technological era, the field of analytics is vital as it makes it easy to access needed information without much of a hassle. So now, we're having business conversations about data. 951 Chicago Ave., Oak Park, IL 60302. You've said that you were really born in the wrong country. You have to have data to partial reality, right? And rightfully so, by the way, because they have created something, right?. Amp It Up, published a scant of 13 months after the Rise of the Data Cloud, which you wrote with Steve Hamm. The introduction of risk management tools for LNG freight will boost the efficiency of the virtual pipeline of LNG, a new catalyst for the liberalization of LNG and a critical milestone in the globalization of natural gas. After all, he has experience on his side. At the same time, we've never had a data Cloud in the history of computing because data was just fragmented and proliferated into silos and what we call bunkers. This page was last edited on 12 March 2021, at 18:12. And people would eyeball those reports in those dashboards, and that was sort of the extent of it. I mean, truly retire. Snowflake CEO Frank Slootman on moving the needle, win-first culture & managing burnout | E1689. I just have been in the line of fire too long. You guys are a data company, you know as well, right? 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. But the problem with tape was, I mean, tape got lost, tape became unreadable. And I look at what the situation requires of me, not what I want to bring to it per se, based on my own background. Before that, he spent his life in Netherlands, where he was also born. And after a while it's like, "Look, I can't do one-on-one meetings with a million people. And people that know the Dutch, and you seem to know to Dutch people, it's, fairly recognizable what the Dutch attributes are that are at play here. We want to bring about something in the world of computing that has never existed before and we are consumed by our mission. Because of his much sought-after expertise, Slootman gets paid a decent sum of money. And he and I were serving on another board together and every time we we'd go to our quarterly board meetings, we'd have lunch and discuss the state of a affairs in the world and blah, blah, blah, sort of thing people do in Silicon Valley. But EMC prevailed. In any successful company just ask them, they will attribute success to their culture. Because when all the energy and all the quality of resources is fully concentrated on the mission, that's pure magic, okay? You could have a meeting in the hallway with the entire company. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. Frank Slootman currently serves as Chairman and CEO at Snowflake. They're very far removed from the drive train. Learn how your comment data is processed. This is a very buoyant country. Thanks so much for joining us inside the Ice House. Slootman knows exactly what hes doing. The Dutch have all always been enterprising. What kind of people fail here and why?" Yacht Racing is incredibly exciting and then it has a lot of corollaries to business because it's this multidimensional game of weather and competition, and what happens on the race course and reacting to it. It's a small country, obviously, which is why they sort of veer far and wide. We're driving change. And the EMC came in and within a quarter, it was up to a $100 million because they had channels and customers and everything primed and ready, right? What took you back to the Netherlands at one point? Because if I sailed before, I always felt guilty because I was doing something that wasn't the company and now, I was completely free of guilt because it was my own time, my own money, et cetera and it was great. Right? Closed: Thanksgiving, Christmas Eve, Christmas and New Year's Day. But they do because the world is changing to digital and this is the essence of digital transformation. By the close of. But yeah, aptitude is really about, what are you innately good at? It takes a ton of work to maintain intense focus on the mission, so that's the weaponizing. At the same time, I ended up in conversations with the lead director and investor at Snowflake. So, I ended up going back to, I really didn't want to. Where does a CEO Frank find time to write two books back-to-back and what was the inspiration for Amp It Up? Where I come from, people are quite resigned to their fate. We now use consumption models instead of subscription models. That's not a healthy dynamic. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. Things will change in ways you cannot even imagine the ideas that happen. One of the worst, worst in the English language for me. Frank Slootman added: " I'm excited to advise Blackstone. Because now, now you're going to look people in the eye, and say, "Look, this is the way we're going to be. Okay, it's real easy and in engineering, they put guys on the whiteboard and they give them problems. 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. But let's focus on another dilemma that brought up in the book, Frank. The. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. All of which is presented solely for informational and educational purposes. I just took a job with a software company just to be in software and that's sort of the extent of my thinking on that. [1] 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. But that is what digital transformation is. They're very lonely in their jobs. Wikitia is not affiliated to Wikimedia Foundation. So, what are things that we should absolutely not ask you to do ever? Thanks for listening. Everyone's watching. They were all special purpose for this thing and that thing and that has really created a lot of problems for data center operations, because they just had a Frankenstein architecture out there and people are sick of that. When you run companies, you need to narrow the plane of attack very, very quickly. Snowflake CEO Slootman Scores IPO Hat Trick With Big Bet on Data Software company aims to benefit from companies increasingly storing information in multiple clouds Big tech firms are investing. So, we won a lot of outraces. 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. Nothing to do with financial targets or growth targets or market capitalization. This is a country that's very aspirational. So, I ended up in odd places because they didn't know what to do with me. I think EMC was exactly the right acquirer because they just sort of had the orientation and the scale and the intensity culturally. 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. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. He said, "Because you guys are indicting everything I've done." You come with aptitude. Because now you're buying somebody else's culture. You relate well to that way of thinking. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. They're high anxiety, they're entrepreneurs, they're CEO, and sort of getting a very unvarnished view, inside view from a fellow traveler. Data Domain went public in 2007, but two years later acquired by EMC, in my home state of Massachusetts. I really had to change from being an individual contributor or a small team leader to somebody who runs organizations. You're finding the best sailors in the world and all of that. That is the most, that is so unproductive. I mean, I was just in my way of life and I was going to stay there till the end of time. Company still around, by the way. And the term BI had not even been invented back then. Everything in our world starts with technology, starts with architecture, okay? the internship sort of came about because I was about a year ahead of schedule at the university. Reflects change since 5 pm ET of prior trading day. When I was at Data Domain, hell, we were 15 people when I joined there. When I was considering Snowflake, I told Snowflake, "I will not do this if Mike doesn't come along." Software was barely an industry. I talk to more people than most people in the company do, and that makes me dangerous because I hear directly what is going on - good, bad, and somewhere in between. I can't get you aptitude. His company's listing here at the NYC in September 2020 was the largest software IPO in the history of the US capital markets. And by the way, data platforms have been extremely fragmented historically. 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. 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.