After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. It's the biggest software IPO ever", "You're never too old to excel: How Snowflake thrives with 'dinosaur' cofounders and a 60-year-old CEO", "With $26M, Snowflake Computing is hoping its take on data warehousing will hit the mainstream", "This big data startup is as unique as a snowflake", "Big Data Startup Snowflake Raises $45 Million, Launches First Product", "Snowflake Computing raises $100 million to expand cloud data warehouse footprint", "Cloud data warehouse startup Snowflake raises $100 million led by Iconiq", "Snowflake lands massive $263 million investment on unicorn valuation", "With huge new $450M funding round, Snowflake Computing has now raised almost $1 billion", "Snowflake Announces Data Exchange to Break Down Data Barriers", "LinkedIn Top Startups 2019: The 50 hottest U.S. companies to work for now", "After $479M round on $12.4B valuation, Snowflake CEO says IPO is next step", "Snowflake IPO surge makes it the priciest tech stock by a mile", "Snowflake, JFrog IPO: Software stocks soar in market debut", "Snowflake CEO: Doubling of stock price after IPO reflects 'frothy' market", "Snowflake relocates executive office from California to Bozeman, Montana, as company goes distributed", "Snowflake Reports Financial Results for the First Quarter of Fiscal 2022", "Snowflake acquires stake in OpenAP to set up data clean room for advertisers", https://en.wikipedia.org/w/index.php?title=Snowflake_Inc.&oldid=1122784310, This page was last edited on 19 November 2022, at 18:31. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. Slootman knows exactly what hes doing. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. We have no more information about his spouse. For example, he made a few changes at Snowflake when he became CEO. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. This article "Frank Slootman" is from Wikipedia. He cancelled the luxurious annual employee ski trip to Tahoe.
This is the fundamental premise of a hard hitting new book written by Frank Slootman, CEO of Snowflake, and published earlier this year. Interview with ServiceNow's CEO Frank Slootman, ServiceNow's CEO Shows How to Disrupt Billion-Dollar Markets. The good thing is you dont have to actually sit in with Slootman to get his lessons. Snowflake CEO Frank Slootman could be seen as a true American success story.Slootman came to the U.S. from the Netherlands in 1984 with $100 or so in his pocket. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. Some may describe him as direct. Cloud leaders including Snowflake's Frank Slootman weigh in on Jassy's new role, and predict his likely successor. Snowflake Shares Soar 115% In Red-Hot IPO, Minting Three New Billionaires, How much Snowflake CEO Frank Slootman made in 2019 - Business Insider, Snowflake CEO Collects a $95 Million Payout Every Month, Frank Slootman is the biggest Snowflake of them all Blocks and Files. The book accounts his time in Data Domain and so much more. All Rights Reserved. Brenda Lynne Slootman, his better half, is his soul mate. In an exclusive interview, Frank Slootman, President and CEO of [], With tech stocks flying, bubble calls are multiplying, but ServiceNow's Frank Slootman says his business is 'bulletproof. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Chief Executive Officer Frank Slootman is reportedly reaping the benefits of the companys success, which has helped to make the 62-year-old one of the best-paid technology executives in the industry. Including his options, Slootman owns about 10% of Snowflake. [12], Snowflake Inc. was founded in July 2012 in San Mateo, California by three data warehousing experts: Benot Dageville, Thierry Cruanes and Marcin ukowski. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Slootman owns around 10% of Snowflake, including his options. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. But you dont achieve a $1.8 billion net worth by being a spendthrift. Frank Slootman's net worth is 1.6 billion USD. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. [24] On September 16, 2020, Snowflake became a public company via an initial public offering (IPO) raising $3.4 billion, one of the largest software IPOs and the largest to double on its first day of trading. Copyright 2023 | WordPress Theme by MH Themes, Jerry Sheindlin Net Worth, Salary, Assets, Married, Wife, Children, Family, Age, Height, Facts, Wiki-Bio, Dylan Farrow Husband, Net Worth 2020, Daughter, Parents, Siblings, Book, Wiki, Bio, Marriage, Brother, Husband, Now, Wedding, Weight, What happened to Wanda Ferraton? From 2011 until 2017, Mr. Slootman was the CEO and President of ServiceNow, growing the company from about $100 million in revenue to $1.4 billion through an IPO. Creative Commons Attribution-ShareAlike. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Snowflake presently has Frank Slootman as Chairman and CEO. A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. Because of his much sought-after expertise, Slootman gets paid a decent sum of money. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Slootman, who traveled to California for a position at Compuware during the dot-com boom and later worked at Borland Software, had his third IPO. Five lessons in leadership from Snowflake CEO, Frank Slootman. Slootman, who traveled to California for a position at Compuware during the dot-com boom and later worked at Borland Software, had his third IPO. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. On Wednesday, the cloud-computing company reported that third-quarter revenue more than doubled from a year earlier, and its stock has surged 183% to $339.89 since its Sept. 15 initial public offering. Frank Slootman's genius is partially picking companies that have products with an extremely natural product-market fit. He published a book in 2011 called Tape Sucks. Offers may be subject to change without notice. Save my name, email, and website in this browser for the next time I comment. There is usually more performance and efficiency to be gained from your existing staff, before you take the path of least resistanceunplanned, incremental growth, leading to mediocrity and waste. Slootman is a hands-on guy and this book is a highly readable and enjoyable tour through his hands-on CEO toolkit. 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. Around six months before Slootman joined the company, Snowflake raised funds in October 2018 at a valuation of around $3.5 billion; the company is now worth nearly $110 billion. A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootmans pay package or net worth. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. Hes the former [], When it comes to enterprise technology, Frank Slootman has a knack for finding the next big thing. Frank Slootman is a cheerful harnessed man. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. 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. Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster initial public offering (IPO). [30], On October 17, 2022, the company announced an investment in advanced TV advertising firm OpenAP. Two years later, he was back at it as director of large corporate programming company ServiceNow, which prompted an IPO in 2012. . Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. He served as the company's CEO for six years. Source link [ad_1] Frank Slotman is the CEO of Snowflake, a cloud storage company.Frank Slotman is the President and CEO of Snowflake, Slootman took office in May 2019 and started his CV in the world of enterprise software.Frank Slootman WikiFrank Slootman Net WorthNow look at Frank Slootman Net worth income salary Frank Slootman Net Worth. Soon after graduation, he got enrolled in VP/GM where he had a role straddled for a 3-year stint in Europe as GM of the UNIFACE company. It was hard for me to work in a big company, too slow and rigid, just not inspired. By the close of Snowflake's . Snowflake Inc. (NYSE:NYSE:SNOW) Q1 2022 Earnings Conference Call May 26, 2021, 5:00 PM ET Company Participants Jimmy Sexton - Head, IR Frank Slootman - Chairman, CEO & President Michael. 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. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. 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. Talking about his decision to come to the states, Frank expressed in an interview; how he had never worked in the country where he was born. You can hire people ahead of . Tune in to hear from Steph Curry, Zoom's Eric Yuan, Snowflake's Frank Slootman, PagerDuty's Jennifer Tejada and many more in the 2020 Cloud 100 Virtual Summit livestream. 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. In his spare time, Slootman is a keen sailor and regatta racer. But we are sure that it is not available and his spouses name is not available. Frank Slootman is a happily married man. The oil and gas sector is a bit of a laggard, when it comes to digital process optimization and wider adoption of IT services management or ITSM, according to the chief executive of one of the biggest players in the industry. In October 2014, it raised $26 million and came out of stealth mode, being used by 80 organizations. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. I will return to it at some point.. He is the current chief executive officer of Telkom, SA Soc Ltd. Save my name, email, and website in this browser for the next time I comment. All rights reserved. Based on the current share price, once Slootmans full options package is paid out in April 2023, it will be worth around $5.2 billion. In his new book "Amp it Up," Slootman contends business leaders must "declare war on your competitors and incrementalism."Looked at another way, dream big, hire the right people and get after it. The Silent Wife (Signed . He cuts back where he sees fit. I never worked in Holland, but was born, raised and educated there. Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. COVID-19 fundamentally changed the way businesses operate. Frank Slootman. The company currently has a market cap of $48 billion. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. Snowflake filed for an IPO on September 16, 2020, offering 28 million shares for $3.4 billion, making it the biggest software IPO in history. With Snowflake's supercharged IPO this week, Chief Executive Frank Slootman has achieved a rare investment trifecta: delivering three of the hottest tech public stock offerings of their time. If you want to know more about this CEO, this might be the book to read. Like "Whenever talent is in short supply, as it almost always is in Silicon Valley, betting on aptitude is a great recruiting strategy for employers, albeit a less certain one. He attended the Netherlands School of Economics and graduated in 1977. This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. Author And Journalist Career In Nutshell, Who Is Kelsey Chittick? [13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. Snowflake's Frank Slootman doesnt start companies. Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as a senior adviser. He reportedly once owned a yacht called The Invisible Hand, and won a number of international competitions. We have no more Information about his Father; we will try to collect information and update soon. Wikitia is not affiliated to Wikimedia Foundation. He is the chief executive officer of a business called Mirakl. Frank Slootman's largest purchase order was 1,000,000 units, worth over $8.88M on December 16, 2021. Olympic Athlete-Leion Gordon Joins BreakAways Training Staff. Frank Slootman is currently a married man. Snowflake services main features are separation of storage and compute, on-the-fly scalable compute, data sharing, data cloning, and third-party tools support in order to handle the demanding needs of growing enterprises. SAN MATEO, CA - May 1, 2019 - Snowflake Inc., the only data warehouse built for the cloud, today appointed Frank Slootman as its Chairman and Chief Executive Officer.Former CEO, Bob Muglia, has left the company after leading Snowflake through five years of unprecedented growth. Whatever he learned from school is probably what we should all learn. 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. [9] In June 2019, the company launched Snowflake Data Exchange. By
ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. 10. The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. Lets talk about it in detail. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. 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. Slootmans eye-watering pay package comes partly as a result of Snowflakes skyrocketing valuation. Senada Greca Wiki: Age, Birthday, Husband, Net Worth, Height, Ethnicity, Boyfriend, Biography, Fatima Goss Graves Bio Wikipedia: Husband, Age, Net Worth, Instagram, Children, Birthday. Prior to Snowflake, Slootman has served as CEO for two other companies in the last two decades, including data-storage firm Data Domain, where he worked until its takeover by EMC Corp in 2003, and cloud-service firm ServiceNow Inc. where he worked from 2011 to 2017. One of your biggest responsibilities is to stop that incremental attitude in its tracks.". Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. [3] On September 16, 2020, Snowflake made an IPO, selling 28 million shares and raising $3.4 billion, making it the largest software IPO in history.[4]. Frank Slootman is currently a married man. He became CEO of storage company Data Domain in 2003, took it public in 2007, and sold it to EMC for $1.8 billion in 2009. Frank Slootman, Snowflake chairman and CEO. Frank has always refrained from talking about them even in his interviews. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The free fall in housing market activity just concluded, says Capital Economics, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. It's been suggested that he and his wife have two children and that his parents are from Holland. What is Frank Slootmans net worth? Well, considering the difficulty in creating a new market, you almost certainly will have to disrupt an existing market. If there were one person you could sit and learn from today, who would it be? Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. 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. 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