Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.

There’s a funny kind of game that the latest of late-stage startups must play when raising money. They often have to sell more shares than they want or risk offending some of their existing VCs.

This scenario recently played out with AI big-data company Databricks and its latest $5 billion raise announced Thursday, co-founder and CEO Ali Ghodsi (pictured above) told TechCrunch.