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Todd Johnson/San Francisco Business Times Insiders say Snowflake CEO Frank Slootman doesn't care about social causes. He's focused on making shareholders money. While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. Technology executive Frank Slootman took software company Snowflake public in one of the biggest tech IPOs of 2020, raising $3.4 billion at a $33.3 billion valuation. By the close of Snowflake's first day of trading, its stock had shot up as much as 165%.  Overnight, Slootman's 5.9% stake became worth billions, and Snowf...

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Insiders say the CEO doesn't care about social causes. He's focused on making shareholders money. A crewmember said Slootman stopped sailing competitively because "everybody was out to get him." When he became CEO of Snowflake, Frank Slootman cut costs, including the company ski trip to Tahoe. In July 2017, two years before he took over as the chief executive of Snowflake, Frank Slootman raced 2,225 miles across the Pacific Ocean, from the California coast t...