Has the TAM narrative changed for investors?

AGENDA:

04:20 Thrive and OpenAI Partnership

07:14 Databricks Raising $5BN at $134BN Valuation: Cheap or Not?

17:39 Eventbrite Acquired by Bending Spoons for $500M

21:39 Pagerduty's $1BN Market Cap, Just 2x Revenue

26:59 The TAM Trap: Why SaaS Is Like Japan

37:42 Lessons from Companies Hitting $100M ARR

44:57 The Future of Labour Markets is F******

52:10 The Importance of Compounding in Investments

56:45 The Relevance Game in Venture Capital

01:05:01 Supabase at $5BN or Lovable at $6BN: Which One?