Databricks

“If you saw recently with Databricks and Stripe, those big massive rounds and tenders were actually to cover the tax bill for the employees after they hit their seven year cliff on the double trigger RSU. So they converted from double trigger to single trigger …”

“As we've seen with SpaceX you know, they do biannual tenders where if you're an early stage investor or an employee there's opportunities for liquidity, and they've done that very successfully, and you're gonna continue to see that. Now you're seeing that more…”

“I think that in a world of AI and as AI starts to mature, I think a lot of the benefits actually go to what I would call not the incumbents, but like the fast moving larger companies. Like, of course there will be a few companies that start from zero and explo…”

“I think at least one of them will go public this year.”

“So actually Databricks is on the cap table as well.”

“When I came there, we had about a twenty million dollar business, and it was, you know, seven or eight hundred million when I left, something like that. I think it's crossed well over a billion.”

“You know, some of them will probably go public in the next 12 to 24 months, so that'll be kind of one impact of it”

“I do think if you're going to want to outperform you know, the index over a long period of time, you're going to need exposure to these companies.”