Business > Running

Frank Slootman joined Snowflake as CEO in May 2019. 16 months later, his stake is worth $3.9 billion

1 month ago   |   By Business Insider

Summary List Placement
Cloud data warehousing firm Snowflake went public in the largest US software IPO in history on Wednesday. Snowflake opened at $245 per share , which outpaced its offering price of $120, and the stock ended up at nearly $254 by market close.
Frank Slootman, who joined the firm as CEO in mid-2019, also gained a new title after the successful IPO: billionaire.
Let's break it down
To understand how Slootman's net worth shot up so much, you need to understand Slootman's stake in the company he runs.
In Snowflake's S-1 , Slootman is reported to have 15,213,149 shares of...
Read more ...

 

$62 billion Snowflake's wildly successful IPO is another major victory for CEO Frank Slootman, one of tech's most 'ruthless' and outspoken CEOs

$62 billion Snowflake's wildly successful IPO is another major victory for CEO Frank Slootman, one of tech's most 'ruthless' and outspoken CEOs

1 month ago   |   By Business Insider

Summary List Placement
Frank Slootman took over as Snowflake's CEO in April last year amid speculation that he was brought in because the hot startup's board was in a hurry to go public.
He responded to the chatter with the characteristic directness of a veteran Silicon Valley fighter who idolizes World War II General George Patton. Slootman dismissed talk that his predecessor Bob Muglia was ousted because he wasn't gunning for an IPO soon enough as the "dumbest thing I've ever heard," saying that an IPO could happen within three years.
"There is zero pressure to take the company public...
Read more ...

 


Search by Tags

   Running      Market      World      Tech  


Twitter allows New York Post account to tweet again after contested Hunter...

Twitter allows New York Post account to tweet again after contested Hunter Biden story led the company to update hacked materials policy

Summary List Placement Twitter announced Friday that the New York Post's Twitter account can now tweet again, reversing previous enforcement action it had taken against the... Read more ...

How to sign into your OneDrive account in Windows 10 to access all of your...

How to sign into your OneDrive account in Windows 10 to access all of your saved files

Summary List Placement Before you can use Microsoft OneDrive , you need to sign into your account and link it to your Windows computer. After you do that, any files stored in... Read more ...

A federal judge just blocked President Trump's nationwide TikTok ban, citing...

A federal judge just blocked President Trump's nationwide TikTok ban, citing the administration's 'hypothetical' national security concerns

Summary List Placement A federal judge just blocked President Trump's nationwide TikTok ban, saying that his national security concerns were "hypothetical." The injunction was... Read more ...

How your drink of choice is linked to who you're voting for in 2020

How your drink of choice is linked to who you're voting for in 2020

Summary List Placement In a campaign between two teetotalers, Americans' preference of alcoholic beverages can say something about their choice for president. A series of... Read more ...

If Biden wins the 2020 presidential election, he may have suburban women to...

If Biden wins the 2020 presidential election, he may have suburban women to thank

Summary List Placement With four days until Election Day, it appears that the suburbs have neither broken for Democratic nominee Joe Biden nor President Donald Trump. But... Read more ...

Rays decline Charlie Morton's option in free-agency shakeup

Rays decline Charlie Morton's option in free-agency shakeup

Just days after the Rays saved Charlie Morton to start a potential Game 7 of the World Series, Tampa Bay is letting the two-time All-Star hit the open market. The American... Read more ...

The best small business credit cards of 2020

The best small business credit cards of 2020

Summary List Placement The best small business credit cards: Best sign-up bonus: Ink Business Preferred® Credit Card Best for premium travel benefits: The Business Platinum®... Read more ...

Google Cloud's earnings show that it's in 'investment mode' and gearing up...

Google Cloud's earnings show that it's in 'investment mode' and gearing up for even stronger growth, analysts say

Summary List Placement Google Cloud grew 45% year-over-year and generated over $3.4 billion in revenue in Q3, the company announced Thursday, along with the news that it plans... Read more ...

Walmart reverses course, puts guns back on sales floor ahead of the election

Walmart reverses course, puts guns back on sales floor ahead of the election

Summary List Placement Walmart will return guns to store floors in a change from yesterday's decision , the company said in an emailed statement. "After civil unrest earlier... Read more ...

Where Biden and Trump stand in the polls 4 days out from Election Day

Where Biden and Trump stand in the polls 4 days out from Election Day

Summary List Placement Four days out from Election Day, Democratic presidential nominee Joe Biden is leading President Donald Trump by about 9 percentage points in national... Read more ...