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Veteran tech executive Frank Slootman was retired and racing sailboats last year when an old friend reached out. Mike Speiser, managing director at Sutter Hill Ventures, had a huge problem and a huge opportunity to offer him at Snowflake, a startup hoping to revolutionize how businesses store, analyze, and share data.
Seven years after its founding, Snowflake had perfected an amazing new way to run databases on cloud servers, but it was struggling to attract enough big corporate customers.
Slootman, seeing the potential, signed on as CEO, selling some of his sailboats and giving others away. “It sucked me in,” he tells Fortune, quoting the famous line from the third Godfather movie. “Just when I thought I was out, they pull me back in.”
Today, Snowflake … Read More