It becomes the beating heart of a modern enterprise. The New York stock exchange sits at the Southern tip of Manhattan on the corner of Wall and Broad Streets. It's hard to get off of that. And we feel the consequences of our actions every minute of the day. What are your God-given talents? The biggest guess is that Frank Slootman simply had the track record for having previously taken data storage companies successfully out of trouble and into the future. I mean, it was just trying to stay alive. If it's not related to our core mission, we don't want to hear about it. Fred Luddy, the founder of ServiceNow, I mean, super talented guy, obviously. They're high anxiety, they're entrepreneurs, they're CEO, and sort of getting a very unvarnished view, inside view from a fellow traveler. But one day, and this was in March of 2019 and he said, "What would it take for you to take the helm?" Okay. to keep connected with us, please login with your personal info. In other words, "How fast does this might work?" Are you just going to look the other way or are you going to call it out? And the product was insanely fast, completely automated. 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? The question is, what are you going to do? Frank Slootman added: " I'm excited to advise Blackstone. Instead, hes got something equally as coola sailing boat named The Invisible Hand. And if I can't predict it, I can't change my policy, I can't change my pricing." 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. Because the essence of data science is you are trying to discover through historical data what the relationships are in your business. In this technological era, the field of analytics is vital as it makes it easy to access needed information without much of a hassle. Why did you give up the helm of the invisible hand for this new role with Snowflake? But predictably, we already talked about Dutch culture, that relationship between the American parent and the Dutch subsidiary didn't go so well. Now, you can manage LNG freight risk with ICE LNG freight futures contracts, which join our global natural gas complex. And over time, we overcame that because we were laser focused on making the product bigger and faster every year. 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. Leaders such as Slootman, Scott McNealy , Jayshree Ullal and my old boss Pat McGovern have inspired me over the. 5. It's lights out, light speed and then fully disintermediated and it's fully programmatic. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. 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). He's like, "How do we run a supply chain?" Right? 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. After all, he has experience on his side. We had no experience. 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. Then, they discuss Frank's hiring philosophy and how to create a winning relationship between an executive and their direct reports . Nothing to do with financial targets or growth targets or market capitalization. But let's focus on another dilemma that brought up in the book, Frank. Well, they knew now. In a few weeks, when the 2022 winter Olympics get underway in Beijing, I'll have my eyes peeled for 22-year-old, Jutta Leerdam, the reigning world speeds skating champion with over 800,000 followers on Instagram, who's proven herself a trend setter on and off the ice. Snowflake CEO Frank Slootman made headlines with controversial comments about diversity in the workplace. That's where we're at right now. welcome back! So, you need to create a platform that allows data to be enriched and be joined and be blended and be overlaid in ways that data scientist only have insight into. Four banks would travel to a room next to the Bank of England twice a day in order to run an auction verbally. JP Morgan paid $175 million for a startup it believes it was conned into buying. You come with aptitude. 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. You speak the language, like we do, but there is something different about you." Frank Slootman, Snowflake CEO, joins 'Closing Bell: Overtime' to discuss the company as shares slump on weak guidance following Wednesday's earnings report. He published a book in 2011 called Tape Sucks. Phone: 312.994.4000. In other words, swarm to it instead of distance yourself from it. I mean, we were crawling the bottom in the early days, so we had a product that had marginal product market fit. In other words, as a leadership team, it's not just the CEO. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. All of us, no exceptions." Todays companies all want to achieve exponential growth and according to Frank Slootman, author of a new book for business leaders, every organization has the potential to scale to massive heights. And obviously that is not the best way to go about things because that's just one man's opinion against another, right? That is by then, we often refer to this as data enrichment because you can take incredibly mundane data and when you enrich it with data attributes from other sources, like for example, you guys did with ADP, all of a sudden data goes from mundane to high octane. It's not just a scale. We're driving change. Reflects change since 5 pm ET of prior trading day. BUILDINGS. And that's all coming up right after this. Tell me about sailing, first of all. ICE is home to global natural gas markets benchmarks in Henry Hub, MBP, TTF, and JKM. Frank Horvat helped elevate fashion photography into high art, and with his thoughtful photographs, changed how we look at fashion altogether. the internship sort of came about because I was about a year ahead of schedule at the university. You relate well to that way of thinking. A compensation package he received upon joining Snowflake in April 2019 awards him a. So now, we're having business conversations about data. Windows 3.1 didn't even exist. We are people that basically see everything that's wrong all day, and we always see a room up from where things are. If there were one person you could sit and learn from today, who would it be? Look, I'm not a certain type of CEO. You're no longer using data to basically please a bunch of eyeballs, like, "Hope you like it. It wasn't, and the company wasn't failing financially on its growth objectives. 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. Everybody has access to capital. Frank Slootman currently serves as Chairman and CEO at Snowflake. You ever noticed that NFL quarterbacks just can't leave the stage. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. It was just like Formula 1 of sailboat racing. 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. I'm curious, how that opportunity at Data Domain came to you? Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. What goes around, comes around and the Dutch get around the world. And Americans always think that there's an easy answer to these questions. They all do and for a good reason. I'm the opposite. But it's also, you attack and you cross again. And the whole point of the book is I try to contrast these experiences, like look, they're not the same. Our show is produced by Pete Asch, with assistance from Stephan Capriles, Ian Wolf, and Ken Abel. I mean, I still remember that we were in countries like France, where we had like a $10-million business, which was very small. And you can't play chess pieces in a million different ways, right? By the close of. What's the silver bullet? This is very much a country that believes things that other countries don't believe. Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. Data has no opinion. So like, "Look, I'm not going to be doing the same races over and over again." So, I ended up in odd places because they didn't know what to do with me. But then, there's new platforms in terms of the Public Clouds, right? I don't have to go work on Monday. Right. Everyone's watching. Once you start doing that, you need to take yourself out of the game. The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. They always have a twinkle in their eye and they're going to do this, they're going to do that. Yeah, yeah. That's when you're at risk. I mean, all these greats, right? He was saying during the pandemic, he's like demand was up 60% over here, down 100% over there. Insurance companies historically have not been because they are data companies by their essence, right? I mean, you brought in some reinforcements when you started at Snowflake, including Michael Scarpelli, who was your CFO at Data Domain and ServiceNow. Read More 10 Things You Didnt Know About Paul StovellContinue. I always find the problem when I hire people that are already, they have just taken a job and they're already about their next job. And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. It's very hard. There's no doubt, I'm a total hybrid here. Frank, how did those early experiences rising through the ranks and being sent from problem to problem help you establish the principles for success that your career would see? 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. 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. Things will change in ways you cannot even imagine the ideas that happen. All of which is presented solely for informational and educational purposes. And in other words, what problems can I solve very quickly versus what is going to take longer to solve. Over the past 20 years, as CEO of Data Domain and then ServiceNow and now Snowflake, Frank Slootman has generated extraordinary growth and success for each company and established himself as one of the world's top CEOs. In Amp It Up, Frank, you say that a company's mission really has to be weaponized. And then being able to talk about it in an intelligent, really rich-considered manner. He's a pretty good golfer. So, it's the story, what goes around, comes around, as I said at the beginning. 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. And did you have a sense that the sector was really about to explode? That is the most, that is so unproductive. Others might say that hes completely brash. The good thing is you dont have to actually sit in with Slootman to get his lessons. And essentially, he defends. Yeah, in some areas it's easier than others, and in sales, we can just look at what people have done the past. It was sort of an adjunct to what they called the computer industry back then. I mean, in the book, Frank, you used the analogy of getting in the right elevator. Those are the people that are right there, where the people that bring home the bacon, there when the shit hits the fan. 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. 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. And people would eyeball those reports in those dashboards, and that was sort of the extent of it. I really had to change from being an individual contributor or a small team leader to somebody who runs organizations. I always talk about mission posture, which really means having a very, very intense visceral sense of what the company is trying to achieve. Closed: Thanksgiving, Christmas Eve, Christmas and New Year's Day. By the way, our two largest competitors were both bidding for the company at the same time. I mean, one of my favorite, interview questions has always been, "What kind of people succeed here? Different technologies, different markets, different competitors, different eras, different cultural times that we live in, you need to become, what that situation requires off you. And Mike was still the CEO at ServiceNow at that time. People naturally become very unfocused, very, very easily. As young as I was, I mean, I was determined that that's where I wanted to be and certainly, not hardware because I saw another way for commoditization happening over there. 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. Every week there was a new bid. 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. It's just, it's hard not to be acquainted at some level with that culture. We'll do something good with it. I mean, it's a hell of a cash burner as well. You just get into this cycle where all you want to do is leave.
Fisher Titus Medical Center Patient Portal, Articles F
Fisher Titus Medical Center Patient Portal, Articles F