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

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.