SUN: 01:00 pm 06:00 pm, 2014 Nissan Pathfinder Wheel Bearing Torque Specs, Does False Labor Mean The Baby Is Coming Soon, 3 Phase 4 Wire System Is Commonly Used For Which Distribution, What Is The Meaning Of The Song Lemon Boy, Does Pete Hegseth Have Two Different Colored Eyes, Write Two Effective Verbs To Describe How A Sea Monster Might Move, BreakAway Speed Softball 18U 2020 Fall Schedule. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. He knows what problems exist in his field today, and he knows how to address them as well. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service . Olympic Athlete-Leion Gordon Joins BreakAways Training Staff. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. Slootmans pay package includes in excess of 13.7 million options each with a fixed price of $8.88. He has chosen to keep information about his wife or relationships in the public media. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. After all, he has experience on his side. 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. If there were one person you could sit and learn from today, who would it be? Wiki: Net Worth, Nationality, Ethnicity, Wheres Mena Suvari today? Show details. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS providers - taking it from under $100M in revenue, through a successful IPO, to $1.4B in . Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Frank Slootman added: "I'm excited to advise Blackstone. Yes, Frank Slootman, the G.O.A.T. 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. Snowflake petitioned for an IPO on September 16, 2020, offering 28 million offers for $3.4 billion, making it the largest IPO ever for programming. Once the full options package is paid out in early 2023, it would be worth about $4.5 billion at the current stock price. 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. 15:00 EST 06 Dec 2020. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. I am truly a hybrid Dutch-American. The book accounts his time in Data Domain and so much more. She is the Slootman Family Foundation's vice president and secretary. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). by Laura Draper, Head of Content. Frank Slootman aboard his prior vessel, Invisible Hand, a Reichel/Pugh 63. 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. Snowflake CEO Wikipedia Bio And Net Worth 2022. Interview with ServiceNow's CEO Frank Slootman, ServiceNow's CEO Shows How to Disrupt Billion-Dollar Markets. Snowflake made history in September when it became the largest software company to IPO in US history. [13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. At that time, it had 3,400 active customers. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. 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. Frank has always refrained from talking about them even in his interviews. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. A former executive at Borland, he moved over to a startup in 2001 called Data Domain. The book . ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Snowflake is the extreme version of this; its business model naturally grows with consumption. 2022 Fortune Media IP Limited. The book was written with the help of Will Weisser and is on sale at major retail and online book stores. His Girlfriend/boyfriends name is Not Available. 5.9% of any company is a huge deal. As a result, the company broke another record: Snowflake became the largest company to ever double in value on its opening day, reaching a market cap of close to $75 billion. Frank Slootman is a happily married man. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. In 2003, he became CEO of storage startup Data Domain, taking it public in 2007 and selling it to EMC in 2009 for $1.8 billion. In short, money talks, and Slootmans got it in his hands and in his mouth. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. 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. However, the details of his conjugal life are known to few. Lets talk about it in detail. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. ServiceNow has been on a tear and as they say "just killing it". How? Slootman was born in the Netherlands on September 3, 1958. My guest today is Frank Slootman, Chairman and CEO of cloud platform Snowflake. In his spare time, Slootman is a keen sailor and regatta racer. However, Baszucki is best-known for being the CEO of Roblox Corporation, which, Read More 10 Things You Didnt Know about David BaszuckiContinue, Erez Galonska is the CEO of Infarm. An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. They are in relation from previous few years of a strong relationship. " We wanted to sail on a grand prix platform and compete boat-for-boat, so timing was excellent for the Pac52. What trends will drive the next decade of innovation? he earned his bachelor's and master's degrees in economics at Erasmus University Rotterdam's Netherlands School of Economics. Snowflake CEO Frank Slootman has been at the CEO game long enough to learn a few things or two on how to create a successful business. Saxena co-founded the company with Divey Gulati, and later they sought the help of Jivko Bojinov, who is sometimes cited as, Read More 10 Things You Didnt Know about Dhruv SaxenaContinue, David Baszucki is an American businessman. One of your biggest responsibilities is to stop that incremental attitude in its tracks.". [20] In October 2018, it raised another $450 million in a round led by Sequoia Capital, raising its valuation to $3.5 billion. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. He became CEO of capacity organization Data Domain in 2003, floated it publicly in 2007 and offered it to EMC for $1.8 billion each of 2009. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. There are many questions left unanswered about the months leading up to Snowflake going public. [3][4], The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Frank Slootman is Chairman/CEO at Snowflake Computing Inc. See Frank Slootman's compensation, career history, education, & memberships. He also gets a $375,000 annual base salary, which can go higher depending on the firms performance. [14] In June 2015, the company raised an additional $45 million and launched its first product, its cloud data warehouse, to the public. He attended the Netherlands School of Economics and graduated in 1977. This is probably the biggest understatement of the year. 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? Graves is also an advisor on the American Law Institute Project on Sexual and Gender-Based Misconduct on Campus.. Quick Facts and Information on Fatima Goss Graves The IPO was the third for Dutch-born Slootman, who . [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. 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. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. [25][12][26][27][28], On May 26, 2021, the company announced that it would become headquarterless,[29] with a principal executive office located in Bozeman, Montana. Prior to that, Frank served as President of EMCs Backup Recovery Systems Division following the acquisition of Data Domain Corporation/Data Domain, Inc. by the company, where he served as Chief Executive Officer and President and led the company through an IPO into the $2.4 billion purchase by EMC. Frank Slootman Net Worth. 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. He has been involved with various companies in various ways over the course of his multi-decade career. Cloud leaders including Snowflake's Frank Slootman weigh in on Jassy's new role, and predict his likely successor. Snowflake now has Frank Slootman as chairman and CEO. She is VP and secretary of the Slootman Family Foundation. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Forbes reports that Slootman became a . Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. 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. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. COVID-19 fundamentally changed the way businesses operate. Slootman once again led with sales as a bridge to a better product. In October 2018, about six months before Slootman joined and negotiated his compensation, the company raised funds at a valuation of about $3.5 billion. In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner . Slootmans eye-watering pay package comes partly as a result of Snowflakes skyrocketing valuation. Its now worth $96 billion. 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. Snowflake CFO Michael Scarpelli who joined just months after Slootman, also reportedly has a similar compensation structure, with his options said to be worth around $29 million a month. Amp it up and the results will follow. Frank Slootman is a cheerful harnessed man. Best of luck to Frank Slootman's #SNOWFLAKE (USA), an entrant in the #RolexMiddleSeaRace with a start in Grand Harbour, Malta on October 22, 2022. Liked by Frank Slootman Also, we have no idea about his brother and sister, and we dont know their names either. Collin Biondo also works in the tech world as an engineer at the email-security . Snowflake presently has Frank Slootman as Chairman and CEO. Slootman insisted his decision to join Snowflake wasnt motivated by money. 10. Frank Slootman's genius is partially picking companies that have products with an extremely natural product-market fit. 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. I need to spend the little bit of time I have left over with my family, not sailing. He cuts back where he sees fit. Something that will be used, Read More 10 Things You Didnt Know about Erez GalonskaContinue, Adrien Nussenbaum is an American businessman and entrepreneur. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. Also Read:Who Is Kelsey Chittick? Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. 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). Dhruv Saxena is the CEO of ShipBob, which offers fulfillment services for online businesses. After telling Bloomberg TV that he can't allow a push for diversity in tech to "override merit," Snowflake CEO Frank Slootman released a statement Monday apologizing for a "lack of clarity" in those comments. This site uses Akismet to reduce spam. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. We are no longer accepting comments on this article. Story continues below. 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. 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. Chief Financial Officer Michael Scarpelli, who joined a few months after Slootman, has a similar compensation structure. [22] In September 2019, it was ranked first on LinkedIn's 2019 U.S. list of Top Startups. 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's an operations guru, the leader who turns a jet plane into a . 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. Blackstone's multi-billion-dollar investment windfall on dating app Bumble shows that the world's largest private equity firm is sitting on a goldmine of winning buyout deals. Frank Slootman, our chairman and CEO on @CNBC, shares our Q3 financial results and how the #DataCloud is enabling our customers to go further https://t.co/1VmAcaIa3H. But you dont achieve a $1.8 billion net worth by being a spendthrift. The Dutch-born executive also reportedly receives an annual base salary of $375,000, which can be increased subject to the firms performance. Frank Slootman is a happily married man. 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