While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. But no CEO has a better track record of turning the ideas of others into jackpots. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. I crawled on the shore in this country, literally with 100 bucks in my pockets, and I'm not exaggerating when I say when I say that, he said. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Slootman may be someone you wouldn't be comfortable sitting face-to-face with, but he's definitely someone you can listen to in a room full of people. Show details. From 2011 until 2017, Mr. Slootman was the CEO and President of ServiceNow, growing the company from about $100 million in revenue to $1.4 billion through an IPO. "Frank took us from a very large startup and made us into a very large, well-oiled machine," Luddy told Forbes in 2018. In a 2017 interview with Dutch language publication Nautique, Slootman told the outlet: Regatta racing is the only thing that completely unplugs my mind from business pursuits.. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. I am truly a hybrid Dutch-American. Frank Slootman. Slootman with wife, Brenda( Source : co) The 63-year-old Brenda serves as the Slootman Family Foundation's vice president and secretary. After leaving . Frank Slootman's net worth is 1.6 billion USD. Many in the emerging tech sector would name Frank Slootman easily because of the kind of substance he gives when he speaks. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. Frank Slootman's genius is partially picking companies that have products with an extremely natural product-market fit. This advertisement has not loaded yet, but your article continues below. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. A few years ago, Slootman stepped down as ServiceNow's CEO. he earned his bachelor's and master's degrees in economics at Erasmus University Rotterdam's Netherlands School of Economics. The list of its authors can be seen in its historical. Including his options, Slootman owns about 10% of Snowflake. The company pulled off its offering in late May at $18. 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 Is it time Harry & Meghan accept Clarkson's apology and move on? The Estimated Net worth is $80K USD $85k. 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. Collin Biondo also works in the tech world as an engineer at the email-security . He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). 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. 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 . She is the Slootman Family Foundation's vice president and secretary. What trends will drive the next decade of innovation? After all, he has experience on his side. COVID-19 fundamentally changed the way businesses operate. 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. His reported total compensation for 2019 was higher than that of the CEOs of Microsoft, Oracle, and Salesforce, according to Business Insider. Snowflake's Frank Slootman doesnt start companies. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. A compensation package he received . [3][4], The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". 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. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. [15][16][17] It raised another $100 million in April 2017. Chief Financial Officer Michael Scarpelli, who joined a few months after Slootman, has a similar compensation structure. 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. , updated ', Frank Slootman the CEO of ServiceNow (NYSE: NOW) has a spring in his step. 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 . 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. As of now, the stock is trading for [], Want to create an extremely valuable company? He reportedly once owned a yacht called The Invisible Hand, and won a number of international competitions. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. All Rights Reserved. " We wanted to sail on a grand prix platform and compete boat-for-boat, so timing was excellent for the Pac52. Check out the subtleties of his Wikipedia below. Also Read:Who Is Kelsey Chittick? Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. Wikitia is not affiliated to Wikimedia Foundation. Prior to working for Snowflake, Frank took the CEO spot at ServiceNow when it had less than $100 million in revenues and took it to $1.4 billion. By the close of Snowflake's . 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. [5][6] It allows corporate users to store and analyze data using cloud-based hardware and software. Company shares jumped just over 14 percent on Friday to $387. [5] [6] It allows corporate users to . Yes, Frank Slootman, the G.O.A.T. 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. Furthermore, he is the companys CEO, meaning that he is the one responsible for overseeing its operations. 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. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. If you know some information, please comment below. But you dont achieve a $1.8 billion net worth by being a spendthrift. TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story. Slootman owns around 10% of Snowflake, including his . Frank explained. Offers may be subject to change without notice. While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. However, the details of his conjugal life are known to few. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. 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. Frank Slootman currently serves as Chairman and CEO at Snowflake. Once the full options package is paid out in early 2023, it would be worth about $4.5 billion at the current stock price. [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. 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. Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as a senior adviser. Reflects change since 5 pm ET of prior trading day. In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. Slootman applies this philosophy in the workplace as well. Who is Frank Slootman's wife? Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. . 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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. Wiki: Net Worth, Nationality, Ethnicity, Wheres Mena Suvari today? In October 2014, it raised $26 million and came out of stealth mode, being used by 80 organizations. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. The workflow software company relies on a cloud computing platform to function. Snowflake CEO Wikipedia Bio And Net Worth 2022. Slootmans pay includes more than 13.7 million options with a strike price of $8.88. 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. ServiceNow has been on a tear and as they say "just killing it". Slootman was born in the Netherlands on September 3, 1958. I was rejected at least a dozen times by IBM. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. 10 Things You Didnt Know about Dhruv Saxena, 10 Things You Didnt Know about David Baszucki, 10 Things You Didnt Know about Erez Galonska, 10 Things You Didnt Know About Adrien Nussenbaum, 10 Things You Didnt Know About Sipho Maseko, 10 Things You Didnt Know about Ben Chestnut, How Simone Biles Achieved a Net Worth of $16 Million, How John Madden Achieved a Net Worth of $200 Million, How Kelsey Asbille Achieved a Net Worth Of $3 Million. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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 . The post Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children, Stock, IPO, Wiki appeared first on Edailybuzz.com. 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frank slootman wife