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Frank Slootman

👤 Person
540 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

From day one. Well, that first year getting $200 million from a hundred was very important on that goal. And it really came down to Two last deals at the end of a Q1, 20, oh goodness, what year was it? 2012 that I was working on that we got over the line that allowed us to hit the button to file our IPO.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

From day one. Well, that first year getting $200 million from a hundred was very important on that goal. And it really came down to Two last deals at the end of a Q1, 20, oh goodness, what year was it? 2012 that I was working on that we got over the line that allowed us to hit the button to file our IPO.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

From day one. Well, that first year getting $200 million from a hundred was very important on that goal. And it really came down to Two last deals at the end of a Q1, 20, oh goodness, what year was it? 2012 that I was working on that we got over the line that allowed us to hit the button to file our IPO.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

And then we had to prove that we had visibility of the pipelines so that you wouldn't miss for the next four to eight quarters after you go public.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

And then we had to prove that we had visibility of the pipelines so that you wouldn't miss for the next four to eight quarters after you go public.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

And then we had to prove that we had visibility of the pipelines so that you wouldn't miss for the next four to eight quarters after you go public.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

170 billion. And by the way, during the IPO process, we had Gartner show up at a lot of the investor pitches and say, the size of the ITSM market is gonna be capped out at a billion dollars. We don't see the growth potential for ServiceNow. That was Gartner.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

170 billion. And by the way, during the IPO process, we had Gartner show up at a lot of the investor pitches and say, the size of the ITSM market is gonna be capped out at a billion dollars. We don't see the growth potential for ServiceNow. That was Gartner.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

170 billion. And by the way, during the IPO process, we had Gartner show up at a lot of the investor pitches and say, the size of the ITSM market is gonna be capped out at a billion dollars. We don't see the growth potential for ServiceNow. That was Gartner.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

It was one of the reasons we hated Gartner for a while at ServiceNow, but that was a real big blow and we had to talk our way out of something. And now that business is much, much bigger than a billion.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

It was one of the reasons we hated Gartner for a while at ServiceNow, but that was a real big blow and we had to talk our way out of something. And now that business is much, much bigger than a billion.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

It was one of the reasons we hated Gartner for a while at ServiceNow, but that was a real big blow and we had to talk our way out of something. And now that business is much, much bigger than a billion.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

I put a lot of focus on how big the market is, but I also don't think it's easy to understand when it's going from an on-prem world to in the cloud world. And as it becomes easier, and anytime you make technology easier for the customer, the markets grow.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

I put a lot of focus on how big the market is, but I also don't think it's easy to understand when it's going from an on-prem world to in the cloud world. And as it becomes easier, and anytime you make technology easier for the customer, the markets grow.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

I put a lot of focus on how big the market is, but I also don't think it's easy to understand when it's going from an on-prem world to in the cloud world. And as it becomes easier, and anytime you make technology easier for the customer, the markets grow.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

And so I think that there's some value in understanding if I can consumerize something that was really difficult before, does that make the market grow?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

And so I think that there's some value in understanding if I can consumerize something that was really difficult before, does that make the market grow?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

And so I think that there's some value in understanding if I can consumerize something that was really difficult before, does that make the market grow?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

It's true. You can be too early in markets, and it's hard to know when you're too early until you make the investment.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Scaling ServiceNow to $5BN in ARR | Leadership Lessons from Doug Leone, Frank Slootman and Bill McDermott | VC Value Add: Is it Real and Why the Worst VCs are "Seagull VCs"

It's true. You can be too early in markets, and it's hard to know when you're too early until you make the investment.