"He would take catnaps, but he was always up," Gabriel told Insider. "He wants to kill the competition," he said. Following the sale, he became Senior Vice President and CFO of EMCs Software Group. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing June 7, 2021. The investigation was dropped in February because of a technicality, and Brady was given a warning. 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. Doug, thank you for that comment, Slootman replied. How Snowflake CEO Frank Slootman became a billionaire by ripping up the With an exit in his back pocket, Slootman had his pick of companies for his next act, in 2011. Subscribe. The board was the one telling me to spend money, the board was just as strongly behind this. An IPO is a blip on the radar, a mile marker during the marathon, he says now. That push, which Snowflake says would increase its addressable market from $14 billion to a recent $81 billion, is very much a work in progress. I campaigned our TP52 Invisible Hand for three years. by Frank Slootman. that outcome could be. To win over large customers like Johnson & Johnson, he repositioned ServiceNow from a help-desk IT solutionnot exactly something to excite a fellow CEO in a meetingto an all-you-can-eat buffet of tools that could help a needy CIO solve any challenge. Kramer has extensive experience in financial planning and analysis, profit-and-loss leadership, and mergers and acquisitions. Snowflake: Not What You May Think It Is - Datanami So its showing them a really nice path forward. Mark currently serves as Chairman of the board of directors of Qualcomm, Inc. and as a director of Snorkel.AI. After successfully building out its Java development and testing business, Slootman received his first CEO job offer in 2003, when investors in a data-storage startup tapped him for another rescue. 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. It was hard for me to work in a big company, too slow and rigid, just not inspired. Sign up for notifications from Insider! re-enter the workforce. Approximately 80% of the Fortune 500 turn to Deloitte for strategies that create shareholder value. Snowflake CEO Frank Slootman's discussion of diversity in hiring in this June 3 interview with Emily Chang on "Bloomberg Technology" prompted him to issue an apology on Monday after some . Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife / . Experience obviously Slootman, 62, took over a nondescript conference room on the second floor of Snowflakes Dublin, California, office, embarking on a series of meetings that now rank with Mark Zuckerbergs Harvard dorm coding sessions in terms of value per hour. Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . Snowflake CEO Frank Slootman, former CEO Bob Muglia, and cofounder Benoit Dageville are now billionaires after the data storage firm's blockbuster IPO, Forbes reported. Are you now a professional CEO rather than a startup boss? Previous to Serena, he led Symantecs $2 billion Enterprise Security product line as Group President of Security and Data Management. This article "Frank Slootman" is from Wikipedia. "Frank would never do that. "They don't need me to have bathrooms with all kinds of unintelligible signs on it for what bathroom you're supposed to use," Slootman said. Snowflake Inc. - Wikipedia See Bio. The flip side: sticker shock, as companies bills rapidly grew, and unpredictability, as Snowflake struggled to deliver accurate revenue projections. For seven days in mid-September, packing in everything from a series of one-on-one meetings to large presentations, the naturally gruff Slootman met over Zoom with more than 1,000 people, including fund managers and investment bankers, who were on hand to win a piece of his IPO. Frank Slootman Net Worth 2020/2021, Salary, Age, Bio, Weight, Height Instacart Appoints Frank Slootman, Chairman And CEO Of Snowflake, To Concerned about Snowflakes appetite for capital, Speiser approached Slootman, whom he knew through the board of another investment, Pure Storage, to see if he could tempt him to join the companys board. CEOs that have a relentless, unapologetic focus on the business. In July 2017, two years before he took over as the chief executive of Snowflake, Frank Slootman raced 2,225 miles across the Pacific Ocean, from the California coast to the Hawaiian island of Oahu, on Invisible Hand, his sleek 52-foot sailboat made from carbon fiber and 3D-printed titanium. Over the past 20 years, as CEO of Data Domain and then ServiceNow and now Snowflake, Frank Slootman has generated extraordinary growth and success for each company and established himself as one of the world's top CEOs. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. I worked on the merger of Burroughs and Sperry which became Unisys. 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. Mike joined Sutter Hill Ventures in 2008 from Yahoo!, where he was Vice President of Community products. The book . Prior to that, Mark served in several roles at VeriSign, including as Executive Vice President, Products and Marketing. "He was the king of the hill. I am truly a hybrid Dutch-American. The couple live in the Ruby Hill gated community in Pleasanton, a serene San Francisco Bay Area suburb where the typical home is worth $1.2 million. It was swift.". Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. Blocks & Files: Which other CEOs do you admire and why? Snowflake, valued at $4 billion when Slootman took over, more than doubled that first day and is up significantly since. After fighting so hard to become a CEO, Slootman doesnt know how to do anything else. See Bio. 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? What's between them going even faster?'". concealing modifications he made to another owner's boat. The company currently has a market cap of $48 billion. After an internship in the fake-leather industry in Indiana, Slootman made his first stride into the tech industry in Detroit, where he started working at Burroughs Corp., one of the largest computer makers at the time. When he became CEO of Snowflake, Frank Slootman cut costs, including the company ski trip to Tahoe. 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. But sailing couldn't keep him occupied for long. Kramer holds a bachelor of science degree in mathematics from Purdue University and received the Purdue University College of Science Distinguished Alumni award in 2017. The company promised to do for data warehouses, which then lived on customers own servers, what Amazon Web Services had done for data storage. eight hundred pound gorilla in the space, but we sure did not start Frank has always refrained from talking about them even in his interviews. Derk Lupinek serves as General Counsel of Snowflake. "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . His sailing group which included the Hong Kong business mogul Karl Kwok and the real-estate investor Manouch Moshayedi gradually dissolved amid squabbles over rules. Born in the Netherlands to a military veteran and a portrait artist, Slootman had a childhood regimented by high academic achievement and racing sailing dinghies. Frank Slootman - Chairman and Chief Executive Officer - LinkedIn character and had an email interview opportunity. Beyond. Snowflake is a special company, they just dont When executives at a later company, Compuware, realized in 1995 that an acquisition in Amsterdam was going sideways, its young staffer, a native Dutch speaker, was given a chance to clean up the mess. He helped define the architecture and lead database performance efforts for Bulls parallel systems. He owns 5.9% of Snowflake. In 1982, after a number of rejections from Big Blue, he crawled ashore with $100 in my pocket (a phrase he repeats so often his employees know it by heart) in South Bend, Indiana, with a job as an intern in the seemingly dead-end fake-leather industry. As President and CEO of Arista for over a decade, Jayshree Ullal is responsible for Aristas business and thought leadership in cloud networking. Insider spoke with 15 people who know Slootman, who is 62, including former Snowflake colleagues and those from Slootman's past companies ServiceNow and Data Domain. Its much easier to select [Snowflake]., One unanticipated challenge, however: Snowflakes current stock price, which has exceeded even Slootmans expectations ,and which, as of mid-January, was trading at a revenue multiple of 140 times its estimated fiscal 2021 revenue, ahead of cloud darlings Crowdstrike, Okta and Zoom.