A 112-year-old law turns on venture capital: the DOJ is investigating a16z
The Justice Department is examining a16z partners sitting on the boards of two now-competing companies, using a statute almost never applied to venture firms.
Policy
Databricks
Databricks wanted $1 billion and took $5 billion: the squeeze of late-stage rounds
Databricks co-founder Ali Ghodsi described how the company actually wanted to raise $1 billion but, faced with $15 billion of interest that followed a news report, closed a $5 billion round at a $190 billion valuation.
Companies
Databricks raises $5 billion at a $190 billion valuation
Data intelligence company Databricks has raised $5 billion in a round led by Coatue. Its valuation climbed from $188 billion to $190 billion within a few weeks.
Companies