Learn how your comment data is processed. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. We cant say their name. [5][6] It allows corporate users to store and analyze data using cloud-based hardware and software. Slootman owns around 10% of Snowflake, including his . Frank Slootman was born on October 3, 1958, and is 61 years old as of September 2020. . Slootman once again led with sales as a bridge to a better product. Let me explain. Frank Slootman's largest purchase order was 1,000,000 units, worth over $8.88M on December 16, 2021. She is VP and secretary of the Slootman Family Foundation. 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. Full #video here: https://t.co/ZEuq15Ykv4, Your email address will not be published. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. by Frank Slootman Hardcover. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. ', Frank Slootman the CEO of ServiceNow (NYSE: NOW) has a spring in his step. They are in relation from previous few years of a strong relationship. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. 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. A compensation package he received upon joining Snowflake in April 2019 awards him a batch of options every month - for four years - that are now worth more than $108 million each, or about $1.3 billion annually. However, the details of his conjugal life are known to few. Slootman said the companies' AI and machine learning teams often work collaboratively, for example, and that they have a history of announcing integrations at previous re:Invents. In his otherwise exceptional book Amp It Up . 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. For example, he made a few changes at Snowflake when he became CEO. We and our partners use cookies to Store and/or access information on a device. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. Explore his Wikipedia details below. 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. Reflects change since 5 pm ET of prior trading day. Frank Slootman, Snowflake chairman and CEO. [20] In October 2018, it raised another $450 million in a round led by Sequoia Capital, raising its valuation to $3.5 billion. 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. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. Photo by Christie Hemm Klok/The Forbes Collection. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. If you want to know more about this CEO, this might be the book to read. The walls are closing in on corporate employees as CEOs at Disney and Starbucks demand that workers start returning to A decades-long broken economy screwed over millennials, and their decision to delay having kids is fueling Americas Up from here? What Can Entrepreneurs Learn From Andrew Mason's Crazy Ride? By Snowflake Inc. is doing well by any stretch of the imagination. This is especially true in the enterprise technology space. A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootmans pay package or net worth. Its a positive outlook for Snowflake, and its a bright signal for investors to really pay attention to this company now before its too late. Slootman applies this philosophy in the workplace as well. But no CEO has a better track record of turning the ideas of others into jackpots. Its been suggested that he and his wife have two children and that his parents are from Holland. He said he doesnt keep score or compare himself to other industry leaders, but enjoys company-building above all. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. He cancelled the luxurious annual employee ski trip to Tahoe. By the close of Snowflake's first day . 0 likes. by Frank Slootman Paperback. Frank Slootman is currently a married man. 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. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . His reported total compensation for 2019 was higher than that of the CEOs of Microsoft, Oracle, and Salesforce, according to Business Insider. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. Company shares jumped just over 14 percent on Friday to $387. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. An example of data being processed may be a unique identifier stored in a cookie. The company's first CEO was Mike Speiser, a venture capitalist at Sutter Hill Ventures. 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 In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. 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. Continue with Recommended Cookies. What trends will drive the next decade of innovation? Brenda Lynne Slootman, his better half, is his soul mate. We have no more information about his spouse. Something that will be used, Read More 10 Things You Didnt Know about Erez GalonskaContinue, Adrien Nussenbaum is an American businessman and entrepreneur. Story continues below. But we are sure that it is not available and his spouses name is not available. A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. 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. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Slootman insisted his decision to join Snowflake wasnt motivated by money. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. Save my name, email, and website in this browser for the next time I comment. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. Show details. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Jax the Staffy is rescued after being stuck in a cave for two days, Eight people shot at Martin Luther King Day event in Florida, Kamala opts out of kneeling with Biden for Warriors photo op. Brenda, who is 61, is the Vice President and Secretary of the Slootman Family Foundation. Theres no surprise here. In the mid 80s I tried to hire on out of school with IBM, they were the gold standard back then in the so-called computer industry. 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. 2023 Forbes Media LLC. Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. The billionaire business reportedly keeps a tight lid on his personal life, but he is married to Brenda Lynne Slootman, with the couple said to have at least one child together. Frank has always refrained from talking about them even in his interviews. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. Snowflake Inc. is a cloud computingbased data cloud company based in Bozeman, Montana. Boasting the hottest tech IPO of the year (and the biggest software IPO ever), Snowflake, the cloud-based data . Instead, hes got something equally as coola sailing boat named The Invisible Hand. Wiki-Bio: Son, Wife, Daughter, Net Worth, Family, Sister, What happened to Martha Raddatz? "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. The workflow software company relies on a cloud computing platform to function. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. Author And Journalist Career In Nutshell, Who Is Kelsey Chittick? Now the 3x IPO veteran is exclusively sharing his playbook. 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. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. 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). Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. There are many questions left unanswered about the months leading up to Snowflake going public. He reportedly once owned a yacht called The Invisible Hand, and won a number of international competitions. Furthermore, he is the companys CEO, meaning that he is the one responsible for overseeing its operations. Further, Frank also shed some lights on his early work experience at Burroughs. Frank Slootman, Amp It Up: Leading for Hypergrowth . 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. [30], On October 17, 2022, the company announced an investment in advanced TV advertising firm OpenAP. 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. 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. 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. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. Your email address will not be published. Wiki: Net Worth, Husband, Wedding, Diet, Son, Engaged, Whos Shah Rukh Khan? COVID-19 fundamentally changed the way businesses operate. The book . Frank Slootman aboard his prior vessel, Invisible Hand, a Reichel/Pugh 63. Two years later, he was back at it as director of large corporate programming company ServiceNow, which prompted an IPO in 2012. Forbes reports that Slootman became a . Explore his Wikipedia details below. Slootman with wife, Brenda( Source : co) The 63-year-old Brenda serves as the Slootman Family Foundation's vice president and secretary. This page was last edited on 12 March 2021, at 18:12. This is the fundamental premise of a hard hitting new book written by Frank Slootman, CEO of Snowflake, and published earlier this year. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. But he was [], ServiceNow (NYSE:NOW) will likely turn out to be one of this year's top IPOs. This item: Rise of the Data Cloud. 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 Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. 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 After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. 10. Including his options, Slootman owns about 10% of Snowflake. In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. Frank Slootman currently serves as Chairman and CEO at Snowflake. "Frank took us from a very large startup and made us into a very large, well-oiled machine," Luddy told Forbes in 2018. Also, they havent shared any details on their parenthood, but we believe that the two have a son together. He cuts back where he sees fit. Snowflake presently has Frank Slootman as Chairman and CEO. This site uses Akismet to reduce spam. In short, money talks, and Slootmans got it in his hands and in his mouth. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. 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. [13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. Brenda Lynne Slootman, his better half, is his soul mate. A compensation package he received upon joining Snowflake in April 2019 awards him a batch of options every month for four years that are now worth almost $95 million each, or about $1.1 billion annually. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. [15][16][17] It raised another $100 million in April 2017. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. He knows what problems exist in his field today, and he knows how to address them as well. The book was written with the help of Will Weisser and is on sale at major retail and online book stores. " We wanted to sail on a grand prix platform and compete boat-for-boat, so timing was excellent for the Pac52. Frank joined Snowflake in May 2019 and has since become one of their spearheads.At the time of his inauguration as CEO, he said that the company would try to offer IPOs . $14.99. It has been suggested that he and his other half have two cubs and that his parents are from the Netherlands. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. The book accounts his time in Data Domain and so much more. 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. This advertisement has not loaded yet, but your article continues below. Can he continue that string of success [], Regarding the firing of Groupons (NASDAQ:GRPN) Andrew Mason, ServiceNows (NYSE:NOW) CEO Frank Slootman emailed me the following: Being a founder/CEO is like riding a bucking bronco. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Slootman was born in Holland and holds his undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam.. Slootman joins Instacart's . I am truly a hybrid Dutch-American. Also, we have no idea about his brother and sister, and we dont know their names either. Amp it up and the results will follow. He also gets a $375,000 annual base salary, which can go higher depending on the firms performance. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service . Snowflake now has Frank Slootman as chairman and CEO. Some may describe him as direct. 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. It was hard for me to work in a big company, too slow and rigid, just not inspired. 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. Also Read:Who Is Kelsey Chittick? To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. He is the president and CEO of Snowflake Inc., a cloud information storage company, and a wealthy financial specialist by calling. In addition, he makes $750,708 as Chairman and CEO & Pres at Snowflake. According to Forbes, Slootmans net-worth as of September 2020 was valued at $1.8 billion, though he told the network is status as a billionaire means very little. June 7, 2021. Frank Slootman's net worth is 1.6 billion USD. Slootman owns around 10% of Snowflake, including his options. Frank Slootman doesnt have an official Wikipedia profile to his name. It has been very obvious by now, that Frank prefers to maintain a tight lip when it comes to talking about his personal life details. Who is Frank Slootman's wife? In his keynote speech at the company's Snowflake Summit 2022 in Las Vegas, CEO Frank Slootman explained how the company is now building on its expertise in the cloud . Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. FORTUNE may receive compensation for some links to products and services on this website. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. I never worked in Holland, but was born, raised and educated there. 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. Also, we have no information about his son and daughter. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. How? If you know some information, please comment below. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. You are trying to hang on for the full 8 seconds, but some of us don't make it all the way. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. 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. From 2011 to 2017, Mr. Slootman was the CEO and President of ServiceNow, developing the organization from approximately $100 million in revenue to $1.4 billion through an IPO.