Tour Hours: 10 am - 4 pm daily; 10 am - 3 pm in January and February. And I had already made a little bit of a name for myself in the company. And when you're burned out, you don't regenerate anymore. 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. I hate that. Somebody who I had known for many, many years, so at Sutter Hill Mike Speiser. Amp It Up, Frank, you write a lot about building culture and I think you had some issues at Snowflake when you got there. But the problem with tape was, I mean, tape got lost, tape became unreadable. We don't preside, okay? The question is though, for investors, for others, for employees, how do you keep momentum going now as a public company and how does the future look for Snowflake? When I was at Data Domain, hell, we were 15 people when I joined there. The improvement in technology is one of the main reasons that this commercial scene is flourishing by the, Read More 10 Things You Didnt Know about Loggi CEO Fabien MendezContinue, Tableau Softwares President and CEO Mark Nelson defines Tableaus vision and supervises the companys business operations and procedures. It's you're in this job for a reason. We're two sides of a coin, which is a reason why we've shown up in so many companies together. Frank Lloyd Wright Home and Studio | Frank Lloyd Wright Trust Strong personalities will just dictate culture in certain business units, in certain geographies and so on. I mean, without the foresight of having read Amp It Up, our listeners might assume that a jump from into software would take you really the rest of the way in your career from your start in Europe, to Indiana, the Midwest, all the way to California. And all of a sudden, everybody is just high-fiving and doing victory laps and everything is beautiful versus reality is completely different. Let's go." Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. If there were one person you could sit and learn from today, who would it be? Each week, we feature stories of those who hatch plans, create jobs and harness the engine of capitalism, right here, right now at the NYSE and at ICE's exchanges and clearing houses around the world. This is a country that's very aspirational. We were going to do the world of favor.". Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening. But EMC prevailed. In other words, they kind of let it happen. We want to bring about something in the world of computing that has never existed before and we are consumed by our mission. So, we were just picking over use cases here and there to sort of stay alive in the early days. It doesn't matter how big we are, as long as we have a compelling mission that we want to get up for every day and swing for defenses and then, it's not hard. 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. You're finding the best sailors in the world and all of that. In short, money talks, and Slootmans got it in his hands and in his mouth. But yeah, then I was off for two years and I did a lot of sailboat racing and I did talk about that in the book as well, because that was a passion and I'd never been able to do that without guilt. You got to catch people doing things the right way and then amplify that and praise it and reward it and so on because people are like pets and children. This is really think about it as a database in the Cloud. It was very formative. I was like, "Jesus, I spent my whole life trying to get here. By the way, our two largest competitors were both bidding for the company at the same time. Are you just going to look the other way or are you going to call it out? Frank Horvat helped elevate fashion photography into high art, and with his thoughtful photographs, changed how we look at fashion altogether. So, they looked around and they found the guy with a passport to Dutch language proficiency like. But we didn't have the market capital resources to do that. But . Because, and this is another important observation, I think. Good sales people have a track record. So after a while, it's like, "Okay, we've done enough of this." And I've never been able to equal that level of success with a marketing slogan. While most CEO's 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. We are people that basically see everything that's wrong all day, and we always see a room up from where things are. There's no doubt that the successes that we have had, our function of the combination of our respective orientations in how we come at the world. Why did you give up the helm of the invisible hand for this new role with Snowflake? You relate well to that way of thinking. I can't get you aptitude. That's where we're at right now. 10 Things You Didnt Know about Loggi CEO Fabien Mendez, 10 Things You Didnt Know about Mark Nelson, 10 Things You Did Not Know About Thoughtspot CEO Sudheesh Nair, 10 Things You Didnt Know About Guy Nirpaz, 10 Things You Didnt Know About Paul Stovell, How Ali Wong Achieved a Net Worth of $3 Million, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe. You arrived at something like tape sucks. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. Slootman recently spoke at the CNBC. It will be fine. I look at the situation, "What does this require?" 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." Get the world to sort of move onto a different technology platforms, et cetera. But then, there's new platforms in terms of the Public Clouds, right? 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. That is how you energize companies. Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. I mean, it was doing well. And by the way, when you see the decline of very, very storage enterprises, you can pick MG and HP and and Intel and so on, what happened to these people along the way? And then George Washington was sworn in as the first President of the United States, just a few feet from the front door of the NYSE on April 30th 1789. 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. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. But then, you go like, "Oh, this is the rest of my life." 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. 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. Because that's what it is. But that is what digital transformation is. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. 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. The list of its authors can be seen in its historical. Now, amid an ongoing legal battle, its got to clean up a very public mess. Theres no surprise here. Frank Slootman - Narrow the Focus, Increase the Quality - [In Every week there was a new bid. Yeah, in some areas it's easier than others, and in sales, we can just look at what people have done the past. Slootmans style of leadership is not gentle at all. This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. And obviously that is not the best way to go about things because that's just one man's opinion against another, right? Now, as the story goes, England followed the Netherlands in control of Manhattan. At the same time, that was enormous anxiety about how the company was unfolding. Right. 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. Frank & Brenda Slootman - 3001 W Ruby Hill Dr, Pleasanton, Ca 94566 Property data website for assessments, data, and owners. In the early days, I want to say like the first eight to 10 years or so, were actually immensely frustrating to me because I was a strange animal, right? ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. It was an application development and runtime platform to run on both Unix and OSU and Windows all at the same time. Those are really good conversation, good questions to have because each organization is different. 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. 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. I use that expression a lot to say, "Look, data operations is going to become your core." When I'm on offense out there, I don't worry about what's going on at home at the farm because that is in a very, very tight control mode. So, it was an incredible trial by fire. Africas largest economy is in the early stages of a monetary experiment that could be coming to the U.S. sooner than you think. So, I did. Snowflake CEO Frank Slootman made headlines with controversial comments about diversity in the workplace. But now, and the influence of data science, we really have to interrogate data regardless of its silo boundaries. right? They're very safe. Everybody has access to talent. But this whole Snowflake exercise could have turned out dramatically different, the CEO says, if the founders had pursued their original premise for what the company should be. I'm curious, how that opportunity at Data Domain came to you? I mean, Dutch people are incredibly hard driving, no nonsense, can't suffer bullshit type of people. Our guest today, Frank Slootman is chairman and CEO of Snowflake. I'm a proud US citizen, but at the same time, there's no negating my Dutch roots. Its a positive outlook for Snowflake, and its a bright signal for investors to really pay attention to this company now before its too late. That was career death for people, so it was just the least flattering place in the entire IT operation was backup and recovery based on tape, very logistically, intense. 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. Now, I might be a big piece on the chessboard as the CEO of the company, but that's really how you want to think about it. You cannot sell your way through a crappy product, okay? Then, they discuss Frank's hiring philosophy and how to create a winning relationship between an executive and their direct reports . Basically, we had to solve our enormous problems that we have while the company was doubling in size, more than doubling its size every year. 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? This is probably the biggest understatement of the year. Snowflake, a cloud-based data-warehousing company, went public at $120 a share, and has since seen shares trade as high as $328 per share. No. Chiefs defensive lineman Chris Jones recorded his first sacks of his postseason career in a redemptive victory, and his linemate Frank Clark stepped up in the playoffs once again. That's when you're at risk. 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. That's not a healthy dynamic. You want to be that person, okay? And you got to go back to the early days of Steve Jobs, who always had this glimmer of, "I'm going to do something insanely great." So, the earlier you show up, the better off you are. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. Insurance companies historically have not been because they are data companies by their essence, right? Episode 280: Snowflake CEO Frank Slootman Wrote the Playbook - the ICE So, after six years of success, by any metric, by playing the king on that ServiceNow chess board, why was it time to step down? Okay? 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. 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. New competitors, new partner ecosystems, so it was like, "Wow, this is the future." Meaning that we would run something like Tableau on top of Salesforce or whatever. No, I didn't. Yeah. But let's focus on another dilemma that brought up in the book, Frank. It's really every leader in the organization needs to internalize and then, want to act on it. You need to sort your issues into, "What am I going to focus on?" And of course, the appetite is insatiable for both technology and people that know how to make this future happen. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. It could address very few use cases. It's not just a scale. So, understanding that is really important because obviously, you can't fight it off unless you understand where it's coming from. Frank Slootman - Chairman and Chief Executive Officer - LinkedIn I mean, we were crawling the bottom in the early days, so we had a product that had marginal product market fit. The liberalization of LNG is creating a global natural gas market, with freight acting as a virtual pipeline between continents. No databases of scale and no file systems with scale. How does that work at Snowflake? I can't do every speaking engagement," et cetera. Once you start doing that, you need to take yourself out of the game. Fred Luddy, the founder of ServiceNow, I mean, super talented guy, obviously. Reflects change since 5 pm ET of prior trading day. Whatever he learned from school is probably what we should all learn. But I was now really primed at that point, in terms of, I knew a lot more, about what it was like to be in the US. I mean, we have bumper stickers and people would at trade shows would stick them on tape libraries. 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. He published a book in 2011 called Tape Sucks. 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. Snowflake chairman and CEO Frank Slootman on leadership and the war against mediocrity February 23, 2022 "Leading for unprecedented growth means declaring war on mediocrity, breaking the status quo, and making conflicted choices daily, all with a relentless focus on the mission," says Frank Slootman , chairman and CEO of Snowflake, one of . Given his accolades, Slootman gets invited to speak at many events. 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. Snowflake CEO Frank Slootman Shares Secrets of Unrivaled Success in And when you buy companies, it gets worse, right? But your culture is the only thing that's really unique to you and everything else is up for grab for anybody else. So, I just had some peripheral view of the company, as well as its strategic challenges, by the way. What kind of people fail here and why?" A decade after his death, fantasy artist Frank Frazetta still towers over the pop culture landscape as new fans discover his work. Did you find it difficult to change Snowflake's established culture? So, what are things that we should absolutely not ask you to do ever? to keep connected with us, please login with your personal info. It's lights out, light speed and then fully disintermediated and it's fully programmatic. And fortunately, the temperament that is in you, it's going to re-manifest itself sooner or later. If you want to know more about this CEO, this might be the book to read. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? People who have seen sort of the ticker symbol of Snowflake pass their eyes on CNBC and see how its companies perform and say like, "What is that company with the name after falling snow from the sky?" And I talk about that in the book, because again, there's observations, maybe even lessons that can be extracted from what happens when you're in a crowded field and you're trying to separate yourself from the pack. So, we came up with this war cry that said, "Tape sucks, move on." We just never backed off of it. It is hard when you lose your sense of mission, when you lose your desire and your boldness and your aggression in the marketplace and want to go after competition.
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