I'm just a CEO.". Frank took us from a very large startup and made us into a very large, well-oiled machine, Luddy told Forbes in 2018. Then came stints as a products executive at the software companies Compuware Corp. and Borland Software, after which Slootman landed his first Silicon Valley CEO gig in 2003 at Data Domain. Frank Slootman Net Worth 2020/2021, Salary, Age, Bio, Weight, Height Blocks & Files is interested in finding out more about his Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife / . It also changes over time. He also owned and sailing a boat called Invisible Hand and co-funded the Pac52yachting regatta. Under his tenure, Snowflakes customer count grew from 80 in June 2015 to more than 1000 in January 2018. And it was the right thing to do," Muglia recently told Forbes. briefly valued more highly than IBM at one point not long after its IPO, Slootman said of San Diego's laid-backness, valued the company at more than $2 billion. A Gartner analyst on vacation spotted the executive and crashed the meeting to go full fanboy. COVID-19 fundamentally changed the way businesses operate. can execute, but I cant justify 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 about 40 miles from Snowflake's San Mateo headquarters and a 3.5-hour drive from Lake Tahoe, where the Slootmans have owned a home. An animal-rights philanthropist, Slootman allows his 8-month old Labrador puppy, Brida, year-old Golden Retriever, Quinn, and 10-year-old gray tabby cat, Portia, to crash his work-from-home meetings, including fact-checking calls from Forbes. I just kind of fell into it," he said. Snowflake: Not What You May Think It Is - Datanami Frank Slootman is currently a married man. "We all saw the LinkedIn and were like, 'OK, we know what we're getting into now. I used to call it drunken sailors spending. Slootman: My role Snowflake is a cloud data-warehouse-as-a-service company operating in a sector expected to grow to $4.69bn revenues by 2024. I'd just throw the deck out because forget about it, Frank's here. Prior to BMC, John served as Chief Operating Officer and Senior Vice President of Worldwide Sales and Services with BladeLogic. He holds over 50 patents. Scarpelli got to work on Snowflakes books. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. He has more than 15 years of management and leadership experience. In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner at Greylock Partners LLC, President & Chief Executive Officer at Data Domain, Inc., Senior Vice President-Products at Borland Software Corp., President-Backup Recovery Systems Division at EMC Corp., Principal at Burroughs Corp. and Venture Partner at Greylock Management Corp. Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife Benoit Dageville. While Slootman had success before Snowflake, he reached a new stratosphere after the company's IPO, his net worth skyrocketing to an estimated $2.2 billion. with a proven track record to grow companies even more quickly and take to IPO. "I never decided to go back or talked to anybody. This article "Frank Slootman" is from Wikipedia. I am truly a hybrid Dutch-American. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. Sunny Bedi serves as the Chief Information & Data Officer at Snowflake. "It's a hard way to live because you always feel inadequate," he said on a December episode of the "What Got You There" podcast. Snowflake's vision is a world with unlimited . Also, they havent shared any details on their parenthood, but we believe that the two have a son together. Data Domain and ServiceNow hired you on merit, not because you checked a box.". ", Slootman said he left ServiceNow in 2017 because "they started caring about things that I had no interest in.". Prior to Snowflake, Chris served in Sales leadership roles at EMC and Aveksa, and worked in enterprise sales at Informatica and Covalent Technologies (acquired by VMware). Slootman, who was born in the Dutch city of Huizen, 20 miles from Amsterdam, immigrated to the US in 1982 when he was in his 20s. While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. Frank Slootman Bio: Early Life. sales barrier in less than seven years, adding more than one thousand employees "For many, this is very attractive," Slootman said of San Diego's laid-backness. I have empathy with a lot of quarterbacks who dont know to retire, he says. The book . Key Learnings from: Narrow the Focus, Increase the Quality. Amp it up and the results will follow. Along the way, investors witnessed his brusque leadership style firsthand when Leone made the mistake of interrupting Slootman with unprompted advice in a board meeting. Frank has always refrained from talking about them even in his interviews. Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married - Bioagewho As for Slootman, he has reached nearly mythic status in Silicon Valley as he continues to captain the ship at one of the industry's most prominent success stories of the past decade. Talk to him at length, though, and watch the patterns, and you can see thats not true. I campaigned our TP52 Invisible Hand for three years. there was an element of restive, people like me have an outsized combative Christian Kleinerman is a database expert with over 20 years of experience working with various database technologies, currently serving as Senior Vice President of Product at Snowflake. The IPO was the. Slootman: Suppose Chris is married with 2 daughters and is an avid skier and golfer. Prior to Snowflake, Greg spent 13 years at Google, where he was VP of Engineering responsible for a broad portfolio of Google Cloud data analytics and machine learning products and for internal services addressing data analytics needs of all of Googles businesses. She currently serves on the boards of ServiceNow (NYSE: NOW), Warby Parker and Snowflake. At the The company is going to have a great outcome Snowflake Inc. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. Thierry has a PhD in Computer Science with a focus in Database Systems and holds over 70 patents. The post Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children, Stock, IPO, Wiki appeared first on Edailybuzz.com. Dominic Ruso, ServiceNow's former vice president of finance, replaced Balaguras. His second: parting ways with anyone who seemed fond of palace intrigue or who didnt deliver precisely on their word. I have never crossed paths with Larry Ellison on the sailing front although Ive had many crew over the years who sailed with Larry. Everyone, that is, except Slootman. This stock is being completely driven by the Robinhood crowd., Perhaps Slootmans greatest triumph so far: selling both outside experts and those within the company on the possibilities of Snowflake 2.0, its shift from being a data warehouse to more of a data hub on which businesses can securely (and temporarily) share information with each other, develop apps and feed their data into artificial intelligence tools. We won many races, including the Transpac overall in 2017, but I sold and donated all my boats so I can concentrate on the Snowflake journey. This stock is being completely driven by the Robinhood crowd.. As we wrote in June 2019: data warehousing is shifting inexorably to the cloud, but customers still look for platforms that offer the traditional relational database tools at their core. Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. That lasted until April this year when he stepped into the chairman and CEO role at Snowflake. And while some warn of a backlash, for Slootman, who has compared himself to World War II Gen. George S. Patton, his main concern is winning. Slootman now has a net worth of $1.8 billion, Despite leaving Snowflake in 2018, the IPO spiked Muglia's net worth to, Many other Snowflake employees and investors including Warren Buffett, Sequoia, Iconiq Capital, and Salesforce are set for windfalls as well, per. Slootman once again led with sales as a bridge to a better product. "So if it's a company that people aren't really interested in working for, it's going to ultimately have an exodus of key talent.". "He was very focused on winning the races, and he won pretty much everything," Robbie Murphree-Gabriel, the former logistics manager of Slootman's sailing operation, said. The Snowflake executive team represents centuries of technology, product and business experience to create and advance the only cloud data platform built to enable the data-driven enterprise. Frank Slootmans path to the American Dream, via IPO billions, started with his making Naugahyde seats for the automotive and boating industries. The Outsider: How CEO-For-Hire Frank Slootman Turned Snowflake Into Im more interested in why you returned to the CEO frontline than the specific possibilities at Snowflake. I worked on the merger of Burroughs and Sperry which became Unisys. Mark brings nearly 40 years of experience to Snowflake as an executive leader, an expert in accounting and financial management, and a visionary in growing and transforming technology companies. Subscribe. He did this in part by diversifying the product set so ServiceNow could sell to lines of business (LOBs) outside the IT department. Frank's the type that he just doesn't take any bullshit, and there was some shit going on and he said, 'OK, I'm done.' Deloitte is the worlds largest professional services firm and provides audit, tax, financial advisory, and consulting services to more than 20 industry sectors in over 150 countries. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. Snowflake CEO Frank Slootman Shares Secrets of Unrivaled Success in By 1998 Slootman was running Compuwares California office amid the dot-com boom. 10. He is still on the boards at Pure and Elementum. Is there competition there? The investigation was dropped in February because of a technicality, and Brady was given a warning. Some employees were irked when the CEO shut down a leased WeWork office in San Francisco and instead rented a new office space in the East Bay area that happened to be a 10-minute drive from Slootman's home, one former executive said. After a slight summer lull, Covid-19 was resurgent, which meant that rather than a global tour of get-to-know-you lunches and PowerPoints in hotel meeting rooms, his roadshow for data warehousing company Snowflake was going virtual. Kate Bullinger, who advises CEOs and companies on corporate culture at Weber Shandwick's United Minds consultancy, told Insider that a CEO dismissing or ignoring social issues could harm the company's ability to attract and retain talent. Snowflake CEO Frank Slootman sat down recently for an episode of our Rise of the Data Cloud podcast to discuss what the Data Cloud means for businesses - and what the future holds. CNBC Snowflake books its revenue using a "consumption model," Slootman said, rather than a typical subscription . I do prefer the earlier stages of growth. Snowflake Appoints Frank Slootman as Chairman and CEO In October, Slootman was approved for a 20-year lease at a tiny airport near the home to park a private aircraft. "They love to just do a victory lap. Muglia said that when he was CEO the board of directors encouraged a culture of free spending. Slootman sold his seven-figure boat to a Chicago couple in 2019 to focus on what would end up being his biggest win of all: taking over as CEO of Snowflake, a seven-year-old cloud-based data-warehousing company, which had until then been led by ex-Microsoft exec Bob Muglia. Competitors include Vantage, SAP, Yellowbrick Data, Microsoft Azure and AWS. from the U.S. Military Academy at West Point and a J.D. Thierry co-founded Snowflake and currently serves as Chief Technical Officer. I just have to know that this is what I want to do. I hired on with Burroughs instead. Slootman: I entered the US in 1984. Blocks & Files: You were born and raised in The Netherlands. And 99 times out of 100, youre wrong on that, which is the reason I [now] pull triggers much faster. Slootman: Whether doing well, like Snowflake. Mark holds a B.S. Grzegorz (Greg) Czajkowski, a distributed systems and organizations scaling expert, is Senior Vice President of Engineering and Support at Snowflake. This is good news for Snowflake.. Publisher (s): Wiley. A 20-year veteran of the IT industry, Jeremy joined EMC from Serena Software, where he was President and CEO. Frank Slootman is the Chairman and CEO of Snowflake. to sell more than all its competitors combined. He previously served as Senior Vice President of Finance and Business Operations of the Backup Recovery Systems Division at EMC from July 2009 to August 2011, after EMC acquired Data Domain where he served as CFO for three years. eight hundred pound gorilla in the space, but we sure did not start His conservative peers are some of the more controversial execs in Silicon Valley, like Palmer Luckey, who was ousted from Facebook after financing an anti-Hillary Clinton meme group, and Tesla founder Elon Musk, whose SpaceX political-action committee donated $119,000 to lawmakers who voted against Joe Biden's Electoral College victory. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. His personal net worth, an estimated $2.2 billion, is an extraordinary figure for someone who has never been part of a company in its earliest days. I exercise executive prerogative, he adds. . Better modeling and the focus shift to larger accounts also made it easier to guess how users might expand or contract. Investor Sequoia wanted an executive with more experience building a sales team to target the worlds biggest corporations. Billboard ads with corny messages like Happy Holi-data soon lined Silicon Valleys main highway, U.S. Route 101. In Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity, he shares his . Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017, taking the organization from around $100M in revenue, through an IPO, to $1.4B. She served as a member of the Executive Committee of the Bay Area Council, and the boards of directors for the California Academy of Sciences and the University of Arizona Eller College of Management. He replaced a number of Snowflake's top executives including Chief Financial Officer Thomas Tuchscherer, Vice President of People Kathy O'Driscoll, and Vice President of Finance Jeff Balaguras with his own trusted lieutenants. From September 2019 through August 2020, Teresa is enrolled as a Fellow at Stanford Universitys Distinguished Careers Institute. "I crawled on the shore in this country, literally with 100 bucks in my pockets, and I'm not exaggerating when I say that," Slootman told Forbes. And eventually, his journey led him to Data Domain. In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. He holds a BS and MBA from University of San Francisco, and Executive Education in Leadership and Technology from Stanford University. Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. The former Snowflake executive said Slootman always set the expectations high, and then higher. After fighting so hard to become a CEO, Slootman doesnt know how to do anything else. Slootman began to hone his skills: He put more energy into short-term sales, worked to improve the product and raised cash to keep the business afloat. From 2009 through 2011, Mark served as President and Chief Executive Officer of VeriSign, Inc., a provider of internet infrastructure services. Because struggling sectors like the travel industry could simply reduce their usage without renegotiating contractsand others, such as those in e-commerce or food delivery, saw demand quintupleSnowflakes sales barely hiccuped. fire the CEO. Shelly Begun, who was also at ServiceNow and Data Domain, came on board as the head of human resources. "You're in a battle, and the battle doesn't end until you finish that race," Gabriel said. Most recently, Christian worked at Google leading YouTubes infrastructure and data systems. Sign up for notifications from Insider! He settled on a fast-growing but under-the-radar software startup based in Santa Clara called ServiceNow. Every other CEO of a company's making statements about how they support diversity, but you're not doing anything.'". Denise has 20 years of technology marketing experience at high-growth companies. Snowflake CEO Frank Slootman talks vision, AWS tension and IPO plans Linked companies : Snowflake Inc. Sylvia serves as Chief Human Resources Officer at Snowflake. Following the sale, he became Senior Vice President and CFO of EMCs Software Group. Slootman retired in 2017, but the break was short-lived. Slootmans my-way-or-the-highway attitude caused a stir when he arrived at Snowflake on April 26, 2019, hours after cofounders Benoit Dageville and Thierry Cruanes informed well-liked CEO Bob Muglia, a Microsoft veteran, that his services were no longer required. Technology executive Frank Slootman took software company Snowflake public in one of the biggest tech IPOs of 2020, raising $3.4 billion at a $33.3 billion valuation. I need to spend the little bit of time I have left over with my family, not sailing. We sailed straight in. Snowflake CEO Frank Slootman Discusses What's Next for the Data Cloud Slootman: I admire Some spoke on condition of anonymity, but nearly all described a militant CEO who's part of Silicon Valley's less talked-about conservative wing, a group that includes Palantir's Peter Thiel, Tesla's Elon Musk, and Oculus' Palmer Luckey. Denise Persson. Todd Johnson/San Francisco Business Times, Christie Hemm Klok/The Forbes Collection via Contour RA, NOW WATCH: Companies ignoring climate change will be on the 'wrong side of history,' says World Economic Forum executive chairman. many layers between me and the action. With an exit in his back pocket, Slootman had his pick of companies for his next act, in 2011. "Everybody was out to get him," Gabriel said. From 2011 until 2018, Mark served as Chief Executive Officer and Chairman of the Board of Palo Alto Networks, a global cybersecurity company, and as Vice Chairman of the Board until December 2022. A standout economics student at Erasmus University Rotterdam, Slootman finished school a year early to pursue internships in the United States. He said Slootman would check the navigation at all hours of the night to ensure Invisible Hand held its lead. What did the Snowflake board want from you that they could not get from other potential CEOs and that was lacking in the company at that point? Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Morgan Stanley's dealmaking CEO Gorman signals more transactions to come, Snowflake Inc. : Snowflake Inc : Caution is advised, Transcript : Snowflake Inc., Q4 2023 Earnings Call, Mar 01, 2023, Snowflake's Revenue Growth to Slow in Fourth Quarter, Next Year Amid 'Weakening' Economy, Transcript : Snowflake Inc., Q3 2023 Earnings Call, Nov 30, 2022, Transcript : HashiCorp, Inc. - Analyst/Investor Day, Transcript : Datadog, Inc. Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-14-2022 03:45 PM. Amp It Up. The son of a military veteran and an artist, Slootman studied economics at Erasmus University in Rotterdam, Netherlands, before moving to the US with a dream of working for IBM, the CEO told Forbes. After that it was board membership; Pure Storage, Medallia and Elementum SCM,and more VC investing with his own Invisible Hand Ventures. Chris has over 20 years of technology sales experience. from Seattle University School of Law. By Labor Day, it had become clear that Frank Slootmans third initial public offering would not be like the other two. Blocks & Files: Which other CEOs do you admire and why? After leaving the company Slootman joined the board of Imperva, a cyber security business, and spent some time in venture capital, investing in startups. Previous to Serena, he led Symantecs $2 billion Enterprise Security product line as Group President of Security and Data Management. Here's how he makes and spends his fortune. So that was it. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. So, the day after Snowflakes public offering, he was back to business as usual, demanding that executives present their plans for the next quarter and beyond. Theyve clearly shown they Slootman: Snowflake Slootman, 62, took over a nondescript conference room on the second floor of Snowflake's Dublin, California, office, embarking on a series of meetings that now rank with Mark Zuckerberg's . Which was then followed by his association with Compuware and software company Borland. But two sailing associates of Slootman said there was still speculation over whether the tech honcho knowingly greenlighted unapproved upgrades of his own to boost performance. Since the start of the pandemic nearly a year ago, there's been one word on the lips of every business leader, analyst, and investor around the world: cloud. Johns career in enterprise software has focused on building and running world-class sales, marketing, and professional services organizations. Thierry is a leading expert in query optimization and parallel execution. 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. He played a critical role in transforming BladeLogic from a startup, to a public company, to the firms $880 million acquisition by BMC Software. Prior to founding Snowflake, Benoit was with Oracle for over 10 years as a lead architect for parallel execution in Oracle RAC and a key architect in the SQL Manageability group. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. We were undoubtedly slow He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). is situational. Snowflake. Jeff Bezos But sailing couldn't keep him occupied for long. Chief revenue officer Chris Degnan figured his lack of experience in such a structured sales organization would be enough for Slootman to show him the door. Rather than the usual grilling, Slootman was toasted instead. When Slootman took ServiceNow public in 2012, he rang the NYSE bell in person. We were seen as the After his retirement from ServiceNow, Slootman poured millions into his sailing hobby, people familiar with his sailing operation said. What is the appeal of that? Jayshree holds a B.S. Slootman hit the austerity button all the same, refocusing resources toward the drive trainproduct, engineering, sales and legaland away from less urgent areas like marketing. The Snowflake board member Mike Speiser, who invested in the company through his firm Sutter Hill and served as its first CEO, reached out to Slootman regarding a Snowflake board position, Speiser told Forbes. Experience obviously Have I told you my point of view on boards? Slootman likes to say that he doesnt have a formula, even after having pulled off similar magic at both Data Domain and ServiceNow. time I joined, Data Domain had about 20 employees, no customers, no revenues, People want to be patted on the back and feel good I'm into not feeling good.". I never worked in Holland, but was born, raised and educated there. He recalled one instance when Slootman referred to ServiceNow's customers as its "homies. Updated Jun 8, 2021, 8:46am PDT. behave as if I am the chairman. In 2003, he became CEO of storage startup Data . When I was a younger man, I was more tolerant; I always thought I could coach people to a place where they would be great, Slootman says. Snowflake's Slootman, 2 Others Billionaires After Record-Breaking IPO Business is what I'm good at.". Prior to founding Snowflake, Benoit was with Oracle for over 10 years as a lead architect for parallel execution in Oracle RAC and a key architect in the SQL Manageability group. Prioritizing the development of raw talent with high upside, Slootman was able to stabilize Compuware. come along often. Before being named CFO in 2015, Kramer was Senior Vice President of Business Technology and Operations Finance, partnering with the Development organization across business groups, segments, and operations on strategic long-range planning, budgeting, and forecasting new-offer development, as well as the analysis and strategy of product pricing. "Frank would never do that. Given her Audit and M&A Partner experience and extensive boardroom experience, she qualifies as a financial expert and is well-equipped for board and Audit Committee service. We'd all just roar with laughter. A crewmember said Slootman stopped sailing competitively because "everybody was out to get him.". Its [always] been too late. The Slootmans also have a ranch in southwestern Montana. Thecelebscloset, Jim Jefferies' House And Car Details!Thecelebscloset, Colton Dunns Impressive Net Worth: Insights and Figures Revealed!, How Much is the Grammy-Award Winning Artist Worth?. Data Domains revenue more than doubled each year for the next four years. Snowflake Inc. CEO Frank Slootman apologized in a blog posted on Monday about comments he made to Bloomberg TV last week in which he said diversity should be . Before Oracle, he spent seven years at the IBM European Center of Applied Mathematics working on data mining technologies. That's not him at all. This is the fundamental premise of a hard hitting new book written by Frank Slootman, chief executive of Snowflake Inc., and published earlier this year. were months away from running out of money. Mr. Slootman is a billionaire businessman who was born on 3 rd October 1958 in Holland. Muglia, for his part, told Insider that he couldn't comment on the personality of his replacement. I was never a mainframe guy. Greg has a PhD in Computer Science from Cornell University, an MBA from UC Berkeley, and an undergraduate degree from AGH Krakow, Poland. And when you lose, nobody can help you., During his short-lived retirement, Slootman raced aboard his Pac52 Class 52-foot yacht, Invisible Hand. Visit the Business section of Insider for more stories. Frank Slootman - Forbes He'd stay for 20 or 30 minutes, and the customers' jaws would drop and they'd be on the edge of their seat. In 2014, after two years under the radar focusing on shipping the software, Speiser tapped Muglia to replace him as CEO. After needing just over $5 million in investment in its first two low-profile years, by early 2018, when Snowflake reached a valuation of $1.8 billion, it had raised almost a half-billion. I never talked to other companies. Similar is the scenario with his married life. Prior to Cisco, she was Vice President and Chief Financial Officer of GE Healthcares Healthcare Systems business. Stay up to date with what you want to know. Slootman returned to executive responsibilities in April 2011, taking the chairman and CEO roles at the cloud service company ServiceNow. day and we will from here on out. Prior to ServiceNow, Derk was an attorney at Wilson Sonsini Goodrich & Rosati, where he gained broad experience across the firms primary corporate practice areas, including start-up representation, venture financings, capital markets transactions, public company reporting, and mergers and acquisitions.
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