Frank Slootman

11 statements across 1 episodes · 4 bullish · 4 bearish · 1 people on the record · first statement Mar 1, 2024 by Alex Lieberman · said 19 times in 1 episodes since 2024 · across every show →

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brought up most by Alex Lieberman (19)

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2024 19 mentions in 1 episode

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Everything said about Frank Slootman, oldest first

Mar 1, 2024 negative
Opinion
Modern companies coddle employees and prioritize internal satisfaction scores over customer success
“Performance-centric thinking like this doesn't trend well with prevailing attitudes. Companies have become more fixated on their employees' MPS scores than their customers. They coddle their people. They get caught up in things that have nothing to do with the…”
Alex Lieberman Mar 1, 2024 ▶ 22:04 Amp it Up
Mar 1, 2024 negative
Assertion Supported
Snowflake lost $17B in market cap following Frank Slootman's retirement announcement
“On the news, Snowflake stock was down 24 and a half percent, or seventeen billion dollars in market cap.”
Alex Lieberman Mar 1, 2024 ▶ 0:46 Amp it Up
Mar 1, 2024 positive
Opinion
Creating wealth for employees delivers more social justice than DEI hiring initiatives
“Good people don't want to be hired because they fit a demographic. We made a lot of money for our people, and we delivered more social justice this way than we ever could have pursuing other people's ideas of that.”
Alex Lieberman Mar 1, 2024 ▶ 20:32 Amp it Up
Mar 1, 2024 positive
Insight
Enterprise value in the technology sector is fundamentally driven by growth
“In tech, value is a function of growth, so we ran our companies for growth, period.”
Alex Lieberman Mar 1, 2024 ▶ 19:14 Amp it Up
Mar 1, 2024
Assertion Not checkable as stated
ServiceNow new hires would quit within weeks over the intense operational pace
“We had some new hires quit in a matter of weeks, confessing they could not handle the pace And intensity at service now.”
Alex Lieberman Mar 1, 2024 ▶ 14:06 Amp it Up
Mar 1, 2024 negative
Insight
B players destroy companies because their mediocrity is tolerated, unlike C players
“Organizations are not getting killed by their C players. Everybody knows who they are, and performance eventually is addressed. The people who kill organizations are your B players. It's the scourge of the enterprise, because there are many, and they are gener…”
Alex Lieberman Mar 1, 2024 ▶ 16:24 Amp it Up
Mar 1, 2024
Insight
Accelerating execution pace forces an organization to narrow its strategic focus
“Quicking the pace also drives a narrow focus. You simply can't move very fast when you're pushing on too many fronts at the same time.”
Alex Lieberman Mar 1, 2024 ▶ 14:26 Amp it Up
Mar 1, 2024 positive
Assertion Partly supported
Data Domain returned $2.4B to shareholders on just $28M in net capital
“Data Domain took in twenty-eight million dollars of net capital and six years later returned 2.4 billion dollars to shareholders.”
Alex Lieberman Mar 1, 2024 ▶ 4:00 Amp it Up
Mar 1, 2024 negative
Insight
Most leaders fail to demand urgency by prioritizing popularity over performance
“I think the reason that most leaders do not quote unquote amp it up is either because they settle into and get comfortable with a lower than exceptional standard that just becomes the norm for them, so they don't spot what exceptional performance looks like, o…”
Alex Lieberman Mar 1, 2024 ▶ 2:35 Amp it Up
Mar 1, 2024 positive
Assertion Partly supported
ServiceNow reached $1B in revenue having raised only $6.5M in external funding
“ServiceNow was also bootstrapped with no more than 6.5 million dollars in external funding. Only the second cloud software company after Salesforce to hit a billion dollars in revenues, ServiceNow reached two billion dollars in revenue just two years later.”
Alex Lieberman Mar 1, 2024 ▶ 5:01 Amp it Up
Mar 1, 2024
Insight
Employee pushback indicates leadership is raising performance standards sufficiently
“The shock to the system will be profound, or you are perhaps not taking it far enough. People may squeal, but consider that a sign you are bringing it on.”
Alex Lieberman Mar 1, 2024 ▶ 10:52 Amp it Up
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