The funding allows the company to postpone going public
Dave McClure#697
Scoop: Databricks in early talks to raise capital at a valuation between $165B to $175B. This would be their Series M! 😆 https://www.theinformation.com/articles/databricks-talks-raise-165-billion-valuation?utm_source=ti_app w/ @coryweinberg
Users are sharing mixed reactions to Databricks pursuing a high valuation in funding talks, praising the postponed IPO for aiding their investments but urging an immediate listing and questioning the strategy.
Databricks heard everyone was IPO’ing and said “nah”
Scoop: Databricks in early talks to raise capital at a valuation between $165B to $175B. This would be their Series M! 😆 https://www.theinformation.com/articles/databricks-talks-raise-165-billion-valuation?utm_source=ti_app w/ @coryweinberg
Sarbanes-Oxley (and the enormous growth of private venture capital) mean companies don't need to go public anymore, and prefer not to given the compliance cost.
Which of course means the small private investor has zero chance to grow assets like the already wealthy routinely do.
I scan 20 years of tech life, and can't think of a single instance of regulation actually improving anything for the everyman user/investor.
Scoop: Databricks in early talks to raise capital at a valuation between $165B to $175B. This would be their Series M! 😆 https://www.theinformation.com/articles/databricks-talks-raise-165-billion-valuation?utm_source=ti_app w/ @coryweinberg
We broke their $134B series L last year
@Katie_Roof @coryweinberg Crazy
@Katie_Roof @coryweinberg just go public dammit
@Katie_Roof @coryweinberg 🙌 Wonderful to hear. And thankfully, they won’t go public until 2027, at the earliest. Everybody can’t all come out at once. $VCX
@Katie_Roof @coryweinberg will be huge for $VCX
#fundrise innovation fund - #VCX
#databricks
@Katie_Roof @davemcclure @coryweinberg This really isn’t how markets are supposed to operate in the US
The funding allows the company to postpone going public
Dave McClure#697Scoop: Databricks in early talks to raise capital at a valuation between $165B to $175B. This would be their Series M! 😆 https://www.theinformation.com/articles/databricks-talks-raise-165-billion-valuation?utm_source=ti_app w/ @coryweinberg
