So, what are things that we should absolutely not ask you to do ever? I don't think about what's next. I'm curious, how that opportunity at Data Domain came to you? Right? They always have a twinkle in their eye and they're going to do this, they're going to do that. right? 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. That's awesome. It's you're in this job for a reason. I mean, to this day, with all the other things that we've done, I still treasured that experience greatly and it's still a very large business to this day. And people are, are mesmerized by Snowflake results because they don't quite understand, where is this coming from? 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. They only learn from consequences, so you got to create consequences, good and bad when things happen and things happen all day long. What kind of people fail here and why?" When we first came in there, it was a very, very anxiety-ridden ride in the early days. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. Yeah, that goes back about mission posture. 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. No, I didn't. And then, I had another internship after that. 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. Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. By the close of. 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. Well, the number one bit of advice I would have is make sure you're close to the drive train. Right? It's just, it's hard not to be acquainted at some level with that culture. They're very well dialed into it. He cuts back where he sees fit. Anybody who's tried to run HP can talk about that because you have companies that have existed for whatever, 50, 100 years, you don't get rid of culture. Welcome, Frank, inside the Ice House. Better, better all the time. And everybody was like, "Who's Data Domain? It was small, it was slow. Thanks so much for joining us inside the Ice House. Because they can't understand how spending categories can just explode overnight like that. That's NYSE ticker symbol, S-N-O-W. His book from John Wiley and Sons, Amp It Up: Leading For Hypergrowth By Raising Expectations, Increasing Urgency, and Elevating Intensity is in bookstores and online now. That's actually another important bit of learning with a lot of people take on CEO roles and they keep doing their last job because that's familiar to them and they love it and they keep doing it. And people really want to be led in that manner. Software was barely an industry. But now, and the influence of data science, we really have to interrogate data regardless of its silo boundaries. Investors know this about us. Most people just preside over culture. 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. Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. 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. Snowflake now has Frank Slootman as chairman and CEO. Once you start doing that, you need to take yourself out of the game. Phone: 312.994.4000. In other words, "How fast does this might work?" So as leaders, you very much, I try, no matter how big this company gets, I try to run it like a popsicle stand where we're driving a race boat around the race course, okay. But in the end, it's like we have to get into backup software in which we tried. It's up to 79% of the volume has gone cleared. The IPO was the third for Dutch-born Slootman, who moved to California for a job at Compuware in the dotcom boom, then worked at Borland Software. ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. 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. In 2003, he became CEO of storage startup Data Domain, taking it public in 2007 and selling it to EMC in 2009 for $1.8 billion. This is a very buoyant country. I just have been in the line of fire too long. And in other words, I was already negotiating Mike's package before I had joined ServiceNow. The pandemic has. It's hard to get off of that. Well, building culture is a very forceful thing. Slootman may be someone you wouldnt be comfortable sitting face-to-face with, but hes definitely someone you can listen to in a room full of people. Snowflake CEO Frank Slootman is the toast of the big data community, and following the $3.4 billion IPO, a favorite on Wall Street too. So like, "Look, I'm not going to be doing the same races over and over again." And then of course, Michael Dell found just as attractive to bring EMC into Dell. What attracted you to the space? So, I ended up in odd places because they didn't know what to do with me. You can only sail so much, [crosstalk 00:31:19]. Frank Slootman currently serves as Chairman and CEO at Snowflake. Right? The list of its authors can be seen in its historical. And the product was insanely fast, completely automated. It's a small country, obviously, which is why they sort of veer far and wide. You're finding the best sailors in the world and all of that. They're very lonely in their jobs. Okay? In other words, you got to really mean it, okay? The interesting thing about data domain was it was very, very slow going. 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. You speak the language, like we do, but there is something different about you." Slootman knows exactly what hes doing. You really need to, look at yourself as an asset that can be applied in many, many different ways. They're kind of like whine and bitch all day. 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. The 61-year old Dutch executive's first CEO job was at an early-stage startup called Data Domain that made specialized storage hardware. You arrived at something like tape sucks. Slootman has become somewhat of a business hero for many people, myself included. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". 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. People were looking at my credentials. Frank Slootman joins Jason for another incredible conversation that ranges from the management shift in Silicon Valley (1:08) to how to know if you're moving the dial in your organization (9:59). In the book, I go on and on about what some of those issues are. Yeah, it was a good problem. It was great and it lasted the entire duration. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. Never heard of that company." 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. Snowflake CEO Frank Slootman Profile - Business Insider 10 Things You Didn't Know About Frank Slootman - Money Inc There are many questions left unanswered about the months leading up to Snowflake going public. 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. Including his options, Slootman owns about 10% of Snowflake. I mean, it gets rid of you. Obviously, that required even more resources, so we really had the strategic dilemma that we couldn't grow beyond our core market. It takes nothing. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. You relate well to that way of thinking. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. the internship sort of came about because I was about a year ahead of schedule at the university. 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? 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. I hate to break it to the audience, but that is the way that it is. So, I just had some peripheral view of the company, as well as its strategic challenges, by the way. Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. Take our own company, Intercontinental Exchange, for example. When I in Ohio, I joined copy ware in Farmington Hills, Michigan, and I had not even been there a few month and they acquired a sizable company in Holland, a company called Uniface. They just said, "Look, let's re-envision, re-imagine based on the platform realities that we now have, which was the Public Cloud. You can't help but run into Dutch people everywhere because they have such a small country. 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. Now, it was actually pretty interesting because this was sort of a forerunner of a data analytics, business intelligence type of company. 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. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. CEO Outlook | Frank Slootman - KPMG Global 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.