E59: Instacart’s IPO, Databricks cuts deal with Microsoft, Securitize buys Onramp and benefits of buying LP interests | Pre-IPO Stock Podcast – Aug 21, 2023 | Clint Sorenson, Nick Fusco, Aaron Dillon

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00:24 | Instacart’s IPO
- Home delivery or store pick groceries is very popular
- Instacart did not have a primary round since they top ticked in 2021 at $39b
- Very interesting to see where IPO will be priced, secondary has Instacart at $11.4b implied valuation

06:48 | Databricks cuts deal with Microsoft
- Microsoft is letting customers create their own AI models with Databricks
- Microsoft appears to have an open architecture model with OpenAI and Databricks
- Databricks is up 50% in the secondary market since May 2023

12:32 | Securitize buys Onramp, benefits of buying LP interests
- Securitize allows crypto holders to buy private funds
- Onramp empowers independent wealth management firms invest into crypto, natural synergies for Securitize
- Its unclear on the exact benefit of tokenizing a private fund as fund counsel will still want to negotiate legal terms, if legal terms of a transaction can be standardized there is a lot of benefit to market participants