Daily Archive: September 15, 2020

Meet Snowflake, one of the buzziest tech IPOs ever

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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

Mali must appoint civilian government immediately, says regional bloc By Reuters

© Reuters. FILE PHOTO: Colonel Malick Diaw, one of the junta leaders of the National Committee for the Salvation of the People (CNSP), which overthrew Mali’s President Ibrahim Boubacar Keita,attends a meeting with representatives of political parties and civil

ACCRA (Reuters) – Mali’s military coup leaders must hand over power to a civilian transitional government immediately, the chairman of the West African regional bloc said on Tuesday, as a deadline expired for the ruling junta to appoint interim leaders.

The 15-member Economic Community of West African States (ECOWAS) imposed economic sanctions after the Aug. 18 overthrow of President Ibrahim Boubacar Keita, and said a new president should be appointed by Tuesday.

But the junta pushed through a charter on Saturday that says the interim president can be a soldier or a civilian and has not yet indicated when the new government would be named.

Regional presidents met junta leaders on

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