Slootman has no qualms breaking with convention. that upside with me at the helm. The simplest explanation is that investors wanted someone Wikitia is not affiliated to Wikimedia Foundation. Prior to Observe, Jeremy was Executive Vice President, Marketing & Corporate Development of Dell Technologies, and served in various leadership roles at EMC prior to Dell. Age : 63. Insiders said Slootman has torn up the do-gooder playbook of Big Tech's liberal elite and replaced it with a hard-charging, profit-driven ethos that doesn't pay lip service to things like diversity and social justice. In October, Slootman was approved for a 20-year lease at a tiny airport near the home to park a private aircraft. He replaced a number of Snowflake's top executives including Chief Financial Officer Thomas Tuchscherer, Vice President of People Kathy O'Driscoll, and Vice President of Finance Jeff Balaguras with his own trusted lieutenants. It was a very high In July 2017, two years before he took over as the chief executive of Snowflake, Frank Slootman raced 2,225 miles across the Pacific Ocean, from the California coast to the Hawaiian island of Oahu, on Invisible Hand, his sleek 52-foot sailboat made from carbon fiber and 3D-printed titanium. Blocks & Files: What was it about Snowflake that attracted you? Overnight, Slootman's 5.9% stake became worth billions, and Snowflake was established as an elite Silicon Valley player it was briefly valued more highly than IBM at one point not long after its IPO, though its stock price has declined more than 13% since the beginning of 2021. has extraordinary upside. this valuation by any means. comes to mind first, I have learned lessons from Amazon just observing from CEOs that have a relentless, unapologetic focus on the business. Seventeen months later, he took Snowflake public in one of the biggest tech IPOs of 2020, raising $3.4 billion at a $33.3 billion valuation. And eventually, his journey led him to Data Domain. Which was then followed by his association with Compuware and software company Borland. We broke the billion-dollar Muglia was no slouch: an engineer who was one of Microsofts four presidents before Steve Ballmer replaced him with Satya Nadella. She is a frequent speaker on topics including corporate board diversity, sponsorship and inclusion, and was a Stanford Entrepreneurial Thought Leaders speaker. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). "That was kind of awesome. The Slootmans also have a ranch in southwestern Montana. His sailing group which included the Hong Kong business mogul Karl Kwok and the real-estate investor Manouch Moshayedi gradually dissolved amid squabbles over rules. ", Slootman said he left ServiceNow in 2017 because "they started caring about things that I had no interest in.". Chris serves as Snowflakes Chief Revenue Officer and has been with the company since 2013. But all that changed when Slootman came aboard. We were in a shit fight all the time. In December, Bloomberg reported that Slootman's stock options were valued at $108 million monthly, thanks to its then market cap of $120 billion. Just six months in, he had lined up his anchor investors, including Dragoneer Investment Group and Marc Benioffs Salesforce.
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