Insight VC describes Databricks’ wild $10B deal and the bad advice the CEO ignored

Quick Summary:

But to get into this enormous deal, Insight had to tap into the Insight Partners Public Equities fund, which was set up to buy public stocks, under managing director John Wolff.

With the rise of data hosted in the cloud, the company was processing data then handing it over to other players.

The investment involved a large secondary tender offer, where Databricks employees or other existing investors can sell shares.

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Article Details

Author / Journalist: Julie Bort

Category: Technology

Markets: United States

Topics: Exclusive Venture Databricks TC Insight Partners

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 22:10:06 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 636 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24522321

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