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. In his otherwise exceptional book Amp It Up . From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. 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. The monster pay package is partly a result of Snowflakes surging valuation. Frank Slootman is currently a married man. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Explore his Wikipedia details below. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. 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. [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. Wikitia is not affiliated to Wikimedia Foundation. Slootmans style of leadership is not gentle at all. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Hes the former [], When it comes to enterprise technology, Frank Slootman has a knack for finding the next big thing. Company shares jumped just over 14 percent on Friday to $387. Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. Frank Slootman's genius is partially picking companies that have products with an extremely natural product-market fit. The book . Its now worth $96 billion. Slootman is a hands-on guy and this book is a highly readable and enjoyable tour through his hands-on CEO toolkit. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. 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). That is, [], Bachelor of Science, Erasmus University Rotterdam, The Netherlands; Master of Science, Erasmus University Rotterdam, The Netherlands. 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. Slootmans eye-watering pay package comes partly as a result of Snowflakes skyrocketing valuation. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. Which was then followed by his association with Compuware and software company Borland. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). 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. Many rumours related to Carrie Johnson pregnancy have been surrounding around the globe. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. We won many races, including the Transpac overall in 2017, but I sold and donated all my boats so I can concentrate on the Snowflake journey. For example, he made a few changes at Snowflake when he became CEO. Photo by Christie Hemm Klok/The Forbes Collection. Slootman was born in the Netherlands on September 3, 1958. Frank Slootman Net Worth. 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. 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. Here's the . When Mr. Slootman, now aged 61, saw Data Domain Corp. through its public debut in 2007, the data-storage company's shares opened with a 33% premium to their IPO price. 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. Interested individuals might have seen his name in recent times because his company has raised $200 million in a Series D funding round. by Laura Draper, Head of Content. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. [5][6] It allows corporate users to store and analyze data using cloud-based hardware and software. Frank Slootman currently serves as Chairman and CEO at Snowflake. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. he obtained his lone rangers and graduate degree in financial aspects from the Netherlands School of Economics of the Erasmus University Rotterdam. 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. Slootman, 61, is a professional CEO. 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. Frank Slootman. This site uses Akismet to reduce spam. Slootman applies this philosophy in the workplace as well. Is it time Harry & Meghan accept Clarkson's apology and move on? 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. Frank Slootman's largest sale order was 1,017,582 units , worth over $344.13M on December 16, 2021. Once the full options package is paid out in early 2023, it would be worth about $4.5 billion at the current stock price. Also Read:Who Is Kelsey Chittick? 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). TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story. 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. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. He said he doesnt keep score or compare himself to other industry leaders, but enjoys company-building above all. This article "Frank Slootman" is from Wikipedia. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Frank explained. The workflow software company relies on a cloud computing platform to function. The estimated net worth of Frank Slootman is at least $72 Million dollars as of 2023-01-14. Slootman owns around 10% of Snowflake, including his options. Frank Slootman was born on October 3, 1958, and is 61 years old as of September 2020. . A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. Frank Slootman is a cheerful harnessed man. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. Two years later, he was back at it as director of large corporate programming company ServiceNow, which prompted an IPO in 2012. By After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. 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 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. We have no more information about his spouse. He is a millionaire businessman and the chairman and CEO of Snowflake Inc. by profession. Then there was a secondary offering, with the issuance of 16.1 million shares at $28 a piece. Well, considering the difficulty in creating a new market, you almost certainly will have to disrupt an existing market. But we are sure that it is not available and his spouses name is not available. At 61 years old, Slootman has created quite the reputation for himself. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. Dageville and Cruanes previously worked as data architects at Oracle Corporation; ukowski was a co-founder of the Dutch start-up Vectorwise. Lets talk about it in detail. Biography of Frank Slootman. Frank Slootman, Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. If you know some information, please comment below. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. What trends will drive the next decade of innovation? So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. 15:00 EST 06 Dec 2020. 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