20VC: Databricks at $100BN | Chamath’s SPAC Revival: Peak Mania? | OpenAI Staff Cash Out Billions & Sam Altman Will Spend Trillions | CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker

In a holiday edition of the 20VC podcast, Harry Stebbings, Jason Lemkin, and Rory O'Driscoll convene from different locations to discuss current trends and valuations in the tech industry. They analyze Databricks' $100 billion valuation, comparing it to Snowflake and discussing the implications of founder-led companies. The conversation explores the potential for an IPO floodgate with companies like Canva and Stripe, and the impact of private market growth on public market valuations. They also delve into the return of SPACs, staff secondaries at OpenAI, and Nubank's impressive earnings. The discussion shifts to CoreWeave's debt and its role in the AI infrastructure boom, and they debate whether AI adoption can sustain current valuations, touching on platform risks and potential consolidation in the AI space. The episode concludes with a quickfire round of predictions on Anthropic, Mr. L, Deal, and Rippling.