Fasting

Frank Slootman (CEO of Snowflake), The MLB Player Who Shot Himself

Good morning,

Is it just me, or is the tech sector always under attack by traditional media?

Tech CEO's even get lambasted for fasting.

A recent article titled "Inside Silicon Valley's Dangerous New Obsession with Fasting" painted Jack Dorsey as a clueless privileged tech bro promoting an eating disorder.

“[I don’t give a fuck] about your diet, Jack. When teenage girls do it before prom, it’s an eating disorder … but when (very rich) Thin White Guys do it, it’s … still a fucking eating disorder.” - Virginia Sole-Smith

While it's easy to mock every new silicon valley trend, there are real benefits to fasting.  For example:

If you look hard enough, I'm sure you can find contrary evidence. But, there's one benefit of fasting that no one can argue against.

It reminds you how incredible food is.

Modern society has rendered our once sacred relationship with food into a transactional one. We've gone from sitting down for a meal and savoring every bite to eating protein bars on the go.

An occasional intermittent fast can serve as a powerful reset button in your relationship with food. And, when it's time to break your fast, nothing will distract you from savoring each bite—not even a Slack notification.

This article was inspired by https://www.piratewires.com/p/inside-silicon-valleys-dangerous.


Frank Slootman

You know what grinds my gears?

When people say, “that company is so overvalued!”

As if they’ve perfected the science of valuing companies.

You might think the market is frothy, but it doesn’t really care about what you think. It has been on an absolute tear since dropping almost 30% last March.

Enter Snowflake (NYSE: SNOW).

If you think tech stocks are overvalued, wait until you get a whiff of this beast.

The company’s valuation dwarfs all other tech stocks.

See below for how its revenue multiple stacks up against other hypergrowth companies.

It makes Zoom look like a bargain!

Snowflake enjoyed the biggest software IPO of all-time and is currently valued at $85 billion.

Roughly a year before it went public, Snowflake replaced their then CEO with Frank Slootman.

The enterprise startup tech world was shocked on Wednesday by the news that Bob Muglia suddenly left hot startup Snowflake, replaced as CEO by Frank Slootman, another well-known name in the business. Under Muglia, Snowflake shot to unicorn status in just four years, and is now valued at some $3.5 billion.

Why would Snowflake do that to the guy who fueled their rise to unicorn status?

Because there are levels to this game, and Frank Slootman is in a class of his own. Similar to how Lebron James is on another level compared to James Harden.

Frank is a 3x IPO veteran who previously took ServiceNow public. They’re now valued at more than $100 billion, and his net worth is north of two billion. Not bad for a guy who never started a company or even joined one at its earliest stages.

If you’re not familiar with his leadership style, you will definitely want to check out this article.

Here are some highlights:

  • “The former sailor runs pre-IPO companies like a tightly rigged high-performance watercraft, a captain with extreme confidence who will throw overboard anyone who shows the mildest mutinous inclination.”

Frank Slootman Quotes:

  • “When I was a younger man, I was more tolerant; I always thought I could coach people to a place where they would be great,” Slootman says. “And 99 times out of 100, you’re wrong on that, which is the reason I [now] pull triggers much faster. I still don’t think I’ve ever taken anybody out of a job too soon. It’s [always] been too late.

  • “I don’t have to justify it, I don’t have to convince you. I have to know that this is what I want to do. And the reason is, CEOs are only there for one reason, and that is they need to win. When you win, nobody can hurt you. And when you lose, nobody can help you.”

Takeaway:

Regardless of what you do for a living, remember that there will always be someone in your field who is better than you.

This can be liberating.

Use it as a forcing function to stop comparing yourself to others. Remember where you came from and focus on getting slightly better every day. Before you know it, you’ll be amazed at the progress you’ve made.


Drew Robinson

MLB player Drew Robinson pressed a gun against his temple and pulled the trigger.

He survived and emerged with more clarity and purpose than ever before.

Now he wants to tell the world his story so he can heal.

“I'm free now," he says. "I shot myself, but I killed my ego.”

This story is a powerful reminder that you can never truly know what others are going through.

When you look at Drew, you see a young man with limitless potential.

Why would a person in his position commit suicide?

It’s never been more important to check-in with your friends and family to make sure they’re doing OK. We’re not meant to be locked in our apartments for a year, and isolation can be crippling to those who are battling depression.

If you don’t have time to read Drew’s story, you can check out a 1-minute video here.


Thanks for subscribing to Growth Compound.

If you're interested in reading my other articles, visit my blog.

Bardia