Brady is a great example, but Joe Montana was that way and they all craved that energy, that excitement, that intensity, they can't let it go. In other words, swarm to it instead of distance yourself from it. But . 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. Information contained in this podcast was obtained in part from publicly available sources, and not independently verified. Learn how your comment data is processed. You want to be that person, okay? Did you always have your eyes set on a career in the US? Obviously, that industry had moved on to all kinds of different disk space technologies. So, this is not data warehousing, it's just one use case. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. Snowflake, the cloud-based data-warehousing company, has been on fire in 2020, with veteran tech CEO Frank Slootman at the center of its success. Like, "Yeah, why don't we just throw that guy into that fire and see what he can do with it.". Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. And it's very much a talent game just like business is. He knows what problems exist in his field today, and he knows how to address them as well. So, Frank, as we wrap up final question, and if it's a spoiler alert for Mike Scarpelli, if he's listening, Mike, you can turn off the podcast now. People were looking at my credentials. 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. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. I talk to more people than most people in the company do, and that makes me dangerous because I hear directly what is going on - good, bad, and somewhere in between. We don't preside, okay? The good thing is you dont have to actually sit in with Slootman to get his lessons. I mean, in the book, Frank, you used the analogy of getting in the right elevator. Those are all disciplines that leverage where they are, right at the headwaters off the entire European continent. Thanks for listening. 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? They're kind of like whine and bitch all day. Everything in our world starts with technology, starts with architecture, okay? Sometimes that is hard for American audiences. When you run companies, you need to narrow the plane of attack very, very quickly. Now, most organizations are incredibly in up still in terms of their data promise. When you get that sensation, you do need to leave because you're no longer the right person for that situation. Make the connection to a global natural gas market at ICE, get started with ICE LNG freight futures today. You're no longer using data to basically please a bunch of eyeballs, like, "Hope you like it. I mean, it's like when people start to roll their eyes. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. Frank Slootman, Chairman and CEO of Snowflake, recently launched a new book called Amp it Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. You need to sort your issues into, "What am I going to focus on?" It's just our nature to talk about problems." And by the way, for most people, that's a very difficult question. So, we came out there and we said, "Look, no, we're not just going to sell a product here. Paul Stovell is an Australian businessman and entrepreneur who serves as the current CEO of Octopus Deploy. 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. He's a Dutchman Slootman moved to Silicon Valley in 1997. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. But now, and the influence of data science, we really have to interrogate data regardless of its silo boundaries. Listen to this episode from This Week in Startups on Spotify. He said, "Because you guys are indicting everything I've done." I mean, we have bumper stickers and people would at trade shows would stick them on tape libraries. Frank Slootman currently serves as Chairman and CEO at Snowflake. You ever noticed that NFL quarterbacks just can't leave the stage. In other words, they kind of let it happen. So, it's the story, what goes around, comes around, as I said at the beginning. 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. I don't think about what's next. We're not trying to find fault with people or who did what to whom. 5. They always have a twinkle in their eye and they're going to do this, they're going to do that. The dream drivers that have made the NYSE an indispensable institution of global growth for over 225 years. I'm a miserable golfer, but somewhere along, the 18 holes, he's like, "I'll do it, but don't leave me again." And then my career thrived as each sort of, it veered just taking on jobs that nobody else would take, in other words. 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. Everybody has access to talent. But the thing that I like so much about yacht racing that I like better than being in business is when you make a mistake on the race course, it's almost immediately obvious that you did. Well, building culture is a very forceful thing. When some of these firms moved out to Canary Wharf, they decided that actually, it was too much to be sending people to the room, so they moved it to a phone call to buy and sell and establishing a price. That's the reason why this country does so well. This is really think about it as a database in the Cloud. Closed: Thanksgiving, Christmas Eve, Christmas and New Year's Day. His company's listing here at the NYC in September 2020 was the largest software IPO in the history of the US capital markets. And you can take it or leave it and try it on for size and see if you like it." I often refer to those people as passengers and then, they're the drivers. But 233 years later, American, Dutch and British interests are inexorably intertwined. You cannot sell your way through a crappy product, okay? They're very lonely in their jobs. And then I change myself to become that flavor of CEO. But the problem with tape was, I mean, tape got lost, tape became unreadable. But in the end, it's like we have to get into backup software in which we tried. And after a while it's like, "Look, I can't do one-on-one meetings with a million people. 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?" Amp It Up, Frank, you write a lot about building culture and I think you had some issues at Snowflake when you got there. You could eject the tape from a tape drive and you could ship it off site. But as I got into retirement, the whole experience of retirement changes in the beginning, it's very euphoric, right? Tej, Read More 10 Things You Didnt Know about Tej VirkContinue. Now, as the story goes, England followed the Netherlands in control of Manhattan. Frank Slootman has written another book about how to run a business based on his time at Data Domain, ServiceNow, and Snowflake. Once you start doing that, you need to take yourself out of the game. How does having who's worked closely with you for years help you accomplish your goals of hyper growth without losing focus? 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. So, what are things that we should absolutely not ask you to do ever? BUILDINGS. And it was difficult for him to sort of hand over the reins, but the investors in the company convinced him that, "Look, we think that this is needed," because the company was growing well. And are there any particular secrets to building a consensus around the idea of change? Don't typecast yourself." You come with aptitude. And over time, we overcame that because we were laser focused on making the product bigger and faster every year. 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. 951 Chicago Ave., Oak Park, IL 60302. Spark 30S covers a route between the US Gulf coast and Northwest Europe, while Spark 25S covers a route between Australia and China. Slootman moved to Silicon Valley in 1997. The consequences of your action are like right there. The pandemic has. The list of its authors can be seen in its historical. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. But he had also been the CEO of ServiceNow for seven years. I'm curious, how that opportunity at Data Domain came to you? And rightfully so, by the way, because they have created something, right?. And you mentioned several times in the book that you look for aptitude over experience, does that focus help snowflake identify young talent and how do you measure aptitude? The San Francsico 49ers admitted that they might be forced to go quarterback hunting this offseason. And I say, "Stop putting labels on yourself. Slootman said diversity comes second when making . As the gold auction and also, the LBMA gold price is the world's price for gold, particularly gold, which is delivered in London. Slootman knows exactly what hes doing. Africas largest economy is in the early stages of a monetary experiment that could be coming to the U.S. sooner than you think. Because when all the energy and all the quality of resources is fully concentrated on the mission, that's pure magic, okay? 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. So, we were just picking over use cases here and there to sort of stay alive in the early days. Then, they discuss Frank's hiring philosophy and how to create a winning relationship between an executive and their direct reports . So, she talked me into it because I was on the verge of saying, "Look, I'm not going back there." And we feel the consequences of our actions every minute of the day. 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. 2023 Forbes Media LLC. And the reason that I found it so interesting is technology was mesmerizing. It's not just a scale. Property details for 3001 W Ruby Hill Dr, located in Pleasanton, California. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . Obviously all the financial reporting, all the systems. At the same time, we've never had a data Cloud in the history of computing because data was just fragmented and proliferated into silos and what we call bunkers. That takes very different approaches, orientation, skill sets, and so on what you do. Because, if I can't explain it, then I can't predict it.