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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...
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$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...
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