20VC: Thrive & OpenAI Partnership | Eventbrite Acquired for $500M | Databricks Raising $5BN at $134BN Valuation: Cheap or Not? | Why SaaS is Like Japan and The TAM Trap in Software | The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

In a live episode from SaaStA in London, Harry Stebbings, Jason Lemkin, and Rory O'Driscoll discuss the latest tech news, including Thrive's partnership with OpenAI, Databricks' potential $5 billion raise, and the implications of AI on SaaS companies. They analyze Databricks' valuation relative to Snowflake, debate whether CRMs will evolve into agent-driven databases, and explore the security risks associated with AI agents. The conversation also covers PagerDuty's acquisition prospects, the concept of a "TAM Trap" for SaaS companies, and the shift from seat-based pricing to value-based pricing in the age of AI. They further examine the balance between growth and efficiency for startups, Google's entry into the coding tool market, and the potential for AI to disrupt wealth management. The episode concludes with a quickfire round comparing Supabase and Lovable, and reflections on the value of friendship and learning from the podcast.

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20VC: Thrive & OpenAI Partnership | Eventbrite Acquired for $500M | Databricks Raising $5BN at $134BN Valuation: Cheap or Not? | Why SaaS is Like Japan and The TAM Trap in Software

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

Introduction to SaaS Trends and OpenAI's Strategy

Analyzing Databricks' Valuation and Growth

The Future of Data and the Role of Agents

CRM Evolution, Data Security, and the Enterprise

PagerDuty's Struggles and the "TAM Trap"

Exploring the SaaS "TAM Trap" and AI's Potential

The Existential Threat to Seat-Based Pricing and the Shift to Value-Based Models

Balancing Growth and Efficiency in the Age of AI

Google's Entry into the Coding Tool Market and the Importance of TAM

The Challenges and Opportunities in Wealth Management

Relevance vs. Long-Term Value in Venture Capital

Capital Efficiency and the Importance of Hard Problems

Kalshi Quickfire: Supabase vs. Lovable and Closing Remarks

20VC: Thrive & OpenAI Partnership | Eventbrite Acquired for $500M | Databricks Raising $5BN at $134BN Valuation: Cheap or Not? | Why SaaS is Like Japan and The TAM Trap in Software

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

00:00Introduction to SaaS Trends and OpenAI's Strategy

Introduction to SaaS Trends and OpenAI's Strategy

06:38Analyzing Databricks' Valuation and Growth

Analyzing Databricks' Valuation and Growth

11:11The Future of Data and the Role of Agents

The Future of Data and the Role of Agents

15:36CRM Evolution, Data Security, and the Enterprise

CRM Evolution, Data Security, and the Enterprise

21:25PagerDuty's Struggles and the "TAM Trap"

PagerDuty's Struggles and the "TAM Trap"

27:02Exploring the SaaS "TAM Trap" and AI's Potential

Exploring the SaaS "TAM Trap" and AI's Potential

32:35The Existential Threat to Seat-Based Pricing and the Shift to Value-Based Models

The Existential Threat to Seat-Based Pricing and the Shift to Value-Based Models

38:05Balancing Growth and Efficiency in the Age of AI

Balancing Growth and Efficiency in the Age of AI

44:10Google's Entry into the Coding Tool Market and the Importance of TAM

Google's Entry into the Coding Tool Market and the Importance of TAM

50:19The Challenges and Opportunities in Wealth Management

The Challenges and Opportunities in Wealth Management

57:33Relevance vs. Long-Term Value in Venture Capital

Relevance vs. Long-Term Value in Venture Capital

1:04:20Capital Efficiency and the Importance of Hard Problems

Capital Efficiency and the Importance of Hard Problems

1:08:02Kalshi Quickfire: Supabase vs. Lovable and Closing Remarks

Kalshi Quickfire: Supabase vs. Lovable and Closing Remarks