The IPO was the third for Dutch-born Slootman, who moved to California for a job at Compuware in the dotcom boom, then worked at Borland Software. He then moved to the USA in 1984 to work for Burroughs Corporation, and later went on to work for Compuware and software company Borland, before joining Data domain where he later became CEO. Let me explain. In a 2017 interview with Dutch language publication Nautique, Slootman told the outlet: Regatta racing is the only thing that completely unplugs my mind from business pursuits.. Also, they havent shared any details on their parenthood, but we believe that the two have a son together. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. He served as the company's CEO for six years. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. 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. [22] In September 2019, it was ranked first on LinkedIn's 2019 U.S. list of Top Startups. Here's the . In October 2014, it raised $26 million and came out of stealth mode, being used by 80 organizations. The book . S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Given this period of high growth and innovation, Blackstone is well positioned to help entrepreneurs realize their potential and execute . 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. FORTUNE may receive compensation for some links to products and services on this website. Forbes reports that Slootman became a . We have no more Information about his Father; we will try to collect information and update soon. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. Theres no surprise here. Frank Slootman, Amp It Up: Leading for Hypergrowth . Hes the former [], When it comes to enterprise technology, Frank Slootman has a knack for finding the next big thing. Similar is the scenario with his married life. That led to Data Domain. The company currently has a market cap of $48 billion. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. 5.9% of any company is a huge deal. All Rights Reserved. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. [14] In June 2015, the company raised an additional $45 million and launched its first product, its cloud data warehouse, to the public. . The estimated net worth of Frank Slootman is at least $72 Million dollars as of 2023-01-14. Frank Slootman Net Worth. Author And Journalist Career In Nutshell, Who Is Kelsey Chittick? Please help to demonstrate the notability of the topic by citing, Learn how and when to remove this template message, https://xconomy.com/san-diego/2011/04/26/service-now-names-software-industry-veteran-frank-slootman-as-ceo/, https://www.businessinsider.com/servicenow-frank-slootman-interview-2012-8, https://www.forbes.com/sites/tomtaulli/2019/06/05/snowflake-the-ai-force-multiplier/amp/, https://www.cnbc.com/2020/09/16/snowflake-snow-opening-trading-on-the-nyse.html, article "Frank Slootman" is from Wikipedia, https://wikitia.com/index.php?title=Frank_Slootman&oldid=81954. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. 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. Earlier this week, Snowflake reported that its third-quarter revenue more than doubled on the same time period last year, and it stock has jumped 223 percent since its record-breaking September 15 initial public offering (IPO). He is the president and CEO of Snowflake Inc., a cloud information storage company, and a wealthy financial specialist by calling. The Estimated Net worth is $80K USD $85k. COVID-19 fundamentally changed the way businesses operate. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. 2022 Fortune Media IP Limited. After leaving . 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. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). Who is Frank Slootman's wife? Photo by Christie Hemm Klok/The Forbes Collection. Slootmans style of leadership is not gentle at all. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. Check out the subtleties of his Wikipedia below. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. [5] [6] It allows corporate users to . Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. by Frank Slootman Hardcover. ServiceNow: From a Lifestyle Business to an IPO? Its been suggested that he and his wife have two children and that his parents are from Holland. Explore his Wikipedia details below. Save my name, email, and website in this browser for the next time I comment. The book accounts his time in Data Domain and so much more. He believed that the storage market was about to undergo a major shift. Some point to Snowflake's IPO as the latest and biggest example of lost billions in an IPO pop. A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. Explore his Wikipedia details below. She is the Slootman Family Foundations vice president and secretary. The Dutch-born executive also reportedly receives an annual base salary of $375,000, which can be increased subject to the firms performance. [13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. 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. 14:42 EST 06 Dec 2020 If you know some information, please comment below. Frank has become one of the most revered CEOs in business. [20] In October 2018, it raised another $450 million in a round led by Sequoia Capital, raising its valuation to $3.5 billion. He owns 5.9% of Snowflake. Given his accolades, Slootman gets invited to speak at many events. We looked into, Read More 10 Things You Didnt Know About Sipho MasekoContinue, Ben Chestnut is one of the co-founders of an email marketing company called Mailchimp. Including his options, Slootman owns about 10% of Snowflake. Frank Slootman currently serves as Chairman and CEO at Snowflake. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. Slootman moved to Silicon Valley in 1997. 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. This is the fundamental premise of a hard hitting new book written by Frank Slootman, chief executive of Snowflake Inc., and published earlier this year. [3] [4] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". by Frank Slootman Paperback. [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]. Snowflake presently has Frank Slootman as Chairman and CEO. he earned his bachelors and masters degrees in economics at Erasmus University Rotterdams Netherlands School of Economics. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. He has chosen to keep information about his wife or relationships in the public media. This is probably the biggest understatement of the year. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. 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. Slootman was born in the Netherlands on September 3, 1958. However, the details of his conjugal life are known to few. Slootman once again led with sales as a bridge to a better product. June 7, 2021. He said he doesnt keep score or compare himself to other industry leaders, but enjoys company-building above all. Snowflake presently has Frank Slootman as Chairman and CEO. 10. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . Visit the Business section of Insider for more stories. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. 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. Slootman claims about 10% of Snowflake, including his picks. Others might say that hes completely brash. I'm a huge bull on the opportunity in this country, I just can't help it because I've lived that., The comments below have not been moderated, By He cuts back where he sees fit. This article "Frank Slootman" is from Wikipedia. [18][19] In January 2018, the company announced a $263 million financing round at a $1.5 billion valuation, making it a unicorn. ServiceNow has been on a tear and as they say "just killing it". Required fields are marked *. One of your biggest responsibilities is to stop that incremental attitude in its tracks.". 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. The company pulled off its offering in late May at $18. Slootman applies this philosophy in the workplace as well. By the close of Snowflake's first day . Frank has always refrained from talking about them even in his interviews. This is especially true in the enterprise technology space. Frank Slootman is currently a married man. Hear from Snowflake CEO Frank Slootman at @thoughtspot's #BeyondDigital20 on 12/9 as he discusses important leadership lessons he has learned and the future of data now that the pandemic has changed business forever: https://t.co/lnNhUm5J9o. I entered the US in 1984. Now the 3x IPO veteran is exclusively sharing his playbook. About. This page was last edited on 12 March 2021, at 18:12. Biography of Frank Slootman. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. Now, his relationship is perfect. Brenda Lynne Slootman, his better half, is his soul mate. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. Continue with Recommended Cookies. In short, money talks, and Slootmans got it in his hands and in his mouth. Boasting the hottest tech IPO of the year (and the biggest software IPO ever), Snowflake, the cloud-based data . 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. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. Lindbergh High School Teacher Arrested, Katkat Manimtim & Marc Daniel Bernardo Bio Viral Video Explained, Paula Parkinson Biography, Wikipedia And The Story About Paula Parkinson, Find Name, Bio, Wikipedia, And Family Details Of 18-year-old Who Got Arrested For Prompting FBI warning. 15:00 EST 06 Dec 2020. 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. In his spare time, Slootman is a keen sailor and regatta racer. Wikitia is not affiliated to Wikimedia Foundation. 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. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. 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. 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. 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. Five lessons in leadership from Snowflake CEO, Frank Slootman. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. 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. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. How? Some 36 years later, Slootman is . BreakAway Athletes Earn City-Wide Honors! The IPO was the third for Slootman . Prior to that, Frank was President of EMC's Backup Recovery Systems Division following the firm's acquisition of Data Domain Corporation/Data Domain, Inc., where he served as Chief Executive Officer and President and led the business through an IPO to its $2.4 billion acquisition by EMC. Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even as it takes steps to boost opportunities for workers. [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. Frank Slootmans net worth is 1.6 billion USD. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Company co-founder Benoit Dageville, who also serves as chief technology officer, meanwhile, owns a $3.1 billion stake. Company shares jumped just over 14 percent on Friday to $387. By the close of Snowflake's . TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . 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. Terms & Conditions. After all, he has experience on his side. In his otherwise exceptional book Amp It Up . We cant say their name. And eventually, his journey led him to Data Domain. [31], Last edited on 19 November 2022, at 18:31, "Snowflake Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2022", "Snowflake offers cloud data warehouse as a service, cheaply", "Longtime Microsoft Executive Opens Cloud Database Start-Up", "Snowflake raises $450 million in another VC round, valued at $3.5 billion", "Snowflake Takes Aim at Amazon, Hadoop With New Data Service", "Snowflake's cloud data warehouse comes to Microsoft Azure", "Announcing Snowflake on Google Cloud Platform", "Snowflake shares more than double. 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. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner . Frank Slootman Wife / Married Which was then followed by his association with Compuware and software company Borland. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Frank served as President of the Backup Recovery Systems Division at EMC following the acquisition of Data Domain Corporation/Data Domain, Inc., where he served as the Chief Executive Officer and President, leading the company through an IPO to its acquisition by EMC for $2.4B. Story continues below. According to Bloomberg, Slootman has not yet exercised any of his options and his shares are contingent to a lockup period thats due to expire in March 2021. Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. The Silent Wife (Signed . Snowflake CEO Wikipedia Bio And Net Worth 2022. Frank Slootman currently serves as Chairman and CEO at Snowflake. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. 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. Slootman owns around 10% of Snowflake, including his options. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. 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 Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. All rights reserved. Snowflake presently has Frank Slootman as Chairman and CEO. Snowflake CEO Frank Slootman: How To Boost Growth And Drive Meaningful Change, 2022 Billionaires: Cities With The Most Billionaires, The Bumble IPO And Blackstones Private Equity Gold Mine, Why Andy Jassys Appointment Signals That Cloud, Not E-Commerce, Is Amazons Future, The Outsider: How CEO-For-Hire Frank Slootman Turned Snowflake Into Softwares Biggest-Ever IPO, Meet Frank Slootman: The CEO Behind Software's Biggest IPO, Snowflake CEO Frank Slootman Talks IPO Pop: Narrative Of Lost Billions Is Nonsense Talk, Snowflake Shares Soar 115% In Red-Hot IPO, Minting Three New Billionaires, The Cloud 100 2020 Virtual Summit: Livestream, Oil and Gas Sector Behind The IT Services Adoption Curve, Says ServiceNow CEO, Why One Tech Exec Couldn't Care Less About Bubble Talk, Analysis: ServiceNow Cloud 'The New Sheriff in IT Town' - The Workday And Salesforce Of IT Service Automation. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. Brenda Lynne Slootman, his wife, is his life partner. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. He also gets a $375,000 annual base salary, which can go higher depending on the firms performance. Full #video here: https://t.co/ZEuq15Ykv4, Your email address will not be published. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. Fathers name is Not Available. What Can Entrepreneurs Learn From Andrew Mason's Crazy Ride? [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootmans pay package or net worth. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. A former executive at Borland, he moved over to a startup in 2001 called Data Domain. Snowflake is the extreme version of this; its business model naturally grows with consumption. There are many questions left unanswered about the months leading up to Snowflake going public. Bio: Husband, Net Worth, Married, Family. Frank Slootman doesnt have an official Wikipedia profile to his name. [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. 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. This item: Rise of the Data Cloud. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service firm ServiceNow Inc. from 2011 to 2017. " We wanted to sail on a grand prix platform and compete boat-for-boat, so timing was excellent for the Pac52. 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. His reported total compensation for 2019 was higher than that of the CEOs of Microsoft, Oracle, and Salesforce, according to Business Insider. by Laura Draper, Head of Content. 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. He is the current chief executive officer of Telkom, SA Soc Ltd. 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. 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