Depends, you could dilute shares in your company so much to where you can then register more than 55% of your company in your name, while new investors can buy more shares you can own more of the company as a percentage, at the end of the day it depends on how much shares you have and how much of that as a percentage of the company you own
Depends on how fast you can talk and how fast your company is growing. As OM said, the guy talked pretty fast and injected several buzzwords to non-technical investors, so he only had to sell off 4.2%.
Sound like Databricks is going to be bigger then Apple with in 4 years time and it still private too. IPO might start out at $2K a share? I would be surprise they do a takeover of Microsoft after IPO!
Not suspicious at all that Databricks doesn't want to go public. Not at all. I mean, why raise billions from the stock market when you can lose equity?
@@ravvbike Having the power to dillute shares, if he was public he'd have a hard time dilluting shares and maintain ownership as a percentage of the company, staying private lets him and most private business owners to create an indefinite amount of shares while maintaining control of the company
@@mastershredder2002 afaik Palantir client base is made up of various US government agencies and it focuses on data analytics. Databricks and Snowflake are the souped up data warehouses. Completely different species.
I would love to see just ONE concrete example of the usefulness of these cloud/AI technologies. Microsoft sponsored a hackathon at my company to show the power of Azure and yet could not provide one real world example related to our industry when asked and wanted to charge us for each "connector" created just to get data flowing. Not blow away yet but I may be missing something.
Huge rise, congrats! Let's look what Cere Network Decentralized DataCloud SaaS Blockchain counterpart is able to do at the imminent launch. Databricks and Snowflake are not built on Blockchain and haven't interoperability and focus on privacy data 😉
lmao, AI has already been cornered by Amazon, Facebook, Microsoft, Apple. I bought these on the dips in the last few days. Amazon Facebook Apple Microsoft
Just curious. When you raise 1.6B. How much of the company are you left with? (I realize the pie will be larger.)
Not much but still enough to make decisions and maintain control.
It's the tech that's valuable
They raised the $1.6B for a 4.2% stake in the company. However, previous funding rounds have diluted the ownership stake of the founders as well.
Depends, you could dilute shares in your company so much to where you can then register more than 55% of your company in your name, while new investors can buy more shares you can own more of the company as a percentage, at the end of the day it depends on how much shares you have and how much of that as a percentage of the company you own
Depends on how fast you can talk and how fast your company is growing. As OM said, the guy talked pretty fast and injected several buzzwords to non-technical investors, so he only had to sell off 4.2%.
Ofof software will be eaten. Got it
Ali needs to step up his game and get on decentralized cloud while he can still catch up.
Yes, SingularityNET will eat all of software.
Help me understand the title please
Sound like Databricks is going to be bigger then Apple with in 4 years time and it still private too. IPO might start out at $2K a share? I would be surprise they do a takeover of Microsoft after IPO!
😂
Great content Bloomberg!!
Pick the wrong cloud? What is a wrong cloud?
The one that does not make it rain.
Are they going to use Chainlink as an oracle to the main crypto blockchains?
Not suspicious at all that Databricks doesn't want to go public. Not at all. I mean, why raise billions from the stock market when you can lose equity?
he looses equity going privaty too, idk the comparison between both, do you know?
@@ravvbike Having the power to dillute shares, if he was public he'd have a hard time dilluting shares and maintain ownership as a percentage of the company, staying private lets him and most private business owners to create an indefinite amount of shares while maintaining control of the company
More Tech and IT hot air....Just like self-driving cars and disrupting BS talk....
Palantir vs Databricks vs Snowflake, what are the differences?
Palentir? WTF? That’s completely different
@@hh0686 They're all the same to these wall street bets guys. Data. It's IN the computer.
Databricks- Analytics engine built on Apache spark
Snowflake- data warehouse
I might be wrong though
@@mastershredder2002 afaik Palantir client base is made up of various US government agencies and it focuses on data analytics. Databricks and Snowflake are the souped up data warehouses. Completely different species.
Pac Global decentralized cloud data storage solution to look out for.
CERE and the best decentralized cloud ....... Databricks is no different from the cloud giants
tesla does not move to cloud
He seems nice
אפל פיי בעדכון תוכנה יהיה מהיר יותר.
But how does any of this make life actually better?
you move to cloud, your margins move to cloud provider too, and tech, and IP, and eventually your whole business
That's the attitude that will get us far in life!
CERE is the best decentralized cloud
Databricks who?
I would love to see just ONE concrete example of the usefulness of these cloud/AI technologies. Microsoft sponsored a hackathon at my company to show the power of Azure and yet could not provide one real world example related to our industry when asked and wanted to charge us for each "connector" created just to get data flowing. Not blow away yet but I may be missing something.
WOW this is sus af
🚂📲📱 🚜Awesome Techno transformation.!
*#RPVLOGSINDIA* 🚜🚜
Huge rise, congrats! Let's look what Cere Network Decentralized DataCloud SaaS Blockchain counterpart is able to do at the imminent launch. Databricks and Snowflake are not built on Blockchain and haven't interoperability and focus on privacy data 😉
lmao, AI has already been cornered by Amazon, Facebook, Microsoft, Apple.
I bought these on the dips in the last few days.
Amazon
Facebook
Apple
Microsoft
Singularitynet is the dark horse here.
pltr>