Equity We'll probably retire before Databricks IPOs
Sep 15, 2023
The conversation dives into the latest layoffs at Divvy Homes, highlighting the challenges posed by rising interest rates in the PropTech industry. Databricks has secured $500 million, boosting its value and funding for AI advancements. Lime’s anticipated IPO stirs excitement, though its profitability remains a topic of debate. The hosts also explore global 15-minute grocery delivery trends, revealing how labor costs influence feasibility in different countries. Finally, they discuss new proposals aimed at enhancing transparency in venture capital funding and the varied paths of delivery ventures.
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Divi Homes Layoffs
- Divi Homes, a rent-to-own startup, has conducted its third round of layoffs in a year.
- Rising interest rates have impacted their business model, leading to job cuts.
Shortsighted Business Models
- Many business models thrived when interest rates were low.
- The current market shock highlights a lack of foresight in anticipating changing economic conditions.
Databricks Growth and Funding
- Databricks reached a $1.5B annualized run rate.
- They raised $500M in Series I funding, increasing their valuation by $5B since 2021.