"There were calls that went well late into the night, and that's okay, that's how good opportunities emerge," stated George Mathew, highlighting the lengths investors went to capitalize on the opportunity with Databricks.
"We worked to make sure that we could be a co-lead, despite being already an investor on the cap table," Mathew explained, emphasizing the strategic efforts needed to secure their position.
"There was so much institutional demand and interest for a generational company," Mathew noted, underlining the extraordinary interest from investors in Databricks and its significant valuation growth.
"Databricks didn't specify how much of the raise was secondary, except to call the $10 billion 'non dilutive,' which implies a good chunk," indicating the complexity of the investment structure.
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