Comment by mgfist

> However genuinely curious about the thesis applied by the VC’s/Funds that invest in such a late stage round

1) It's evaluated as any other deal. If you model out a good return quantitatively/qualitatively, then you do the deal. Doesn't really matter how far along it is.

2) Large private funds have far fewer opportunities to deploy because of the scale. If you have a $10B fund, you'd need to fund 2,000 seed companies (at a generous $5m on $25m cap). Obviously that's not scalable and too diversified. With this Databricks round, you can invest a few billion in one go, which solves both problems.