Databricks closes in on multibillion funding round at $55B to cash out employees

#1

Post by hulahoof » Tue, Nov 26, 2024, 7:57 PM UTC

Databricks closes in on multibillion funding round at $55B to cash out employees
cnbc.com

Re: Databricks closes in on multibillion funding round at $55B to cash out employees

#2

Post by alephnerd » Tue, Nov 26, 2024, 10:53 PM UTC

So Databricks is pulling a Tanium or Stripe...

Re: Databricks closes in on multibillion funding round at $55B to cash out employees

#3

Post by up2isomorphism » Wed, Nov 27, 2024, 3:25 AM UTC

Why your employees want to “cash out” if they believe the company is able to go for a successful ipo?

Re: Databricks closes in on multibillion funding round at $55B to cash out employees

#4

Post by abigail95 » Wed, Nov 27, 2024, 3:38 AM UTC

up2isomorphism wrote: post #3

Why your employees want to “cash out” if they believe the company is able to go for a successful ipo?

Would you purchase their stock at a 55B valuation?

Re: Databricks closes in on multibillion funding round at $55B to cash out employees

#5

Post by twoodfin » Wed, Nov 27, 2024, 4:38 AM UTC

abigail95 wrote: post #4

up2isomorphism wrote: post #3

Why your employees want to “cash out” if they believe the company is able to go for a successful ipo?

Would you purchase their stock at a 55B valuation?

The more important question is, would Satya Nadella?

Re: Databricks closes in on multibillion funding round at $55B to cash out employees

#6

Post by mslate » Wed, Nov 27, 2024, 6:49 AM UTC

alephnerd wrote: post #2

So Databricks is pulling a Tanium or Stripe...

Pulling a Tanium would be to fire people right ahead of their vesting cliff:

https://www.inc.com/business-insider/tanium-security-startup...

Re: Databricks closes in on multibillion funding round at $55B to cash out employees

#7

Post by StressedDev » Wed, Nov 27, 2024, 7:10 AM UTC

Congratulations to all of the employees at Databricks. This is a huge milestone.