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Databricks is raising a Series K Investment at >$100B valuation

databricks.com

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Re: Databricks is raising a Series K Investment at >$100B valuation

#211

Post by 1oooqooq »

jakozaur wrote: post #115
ygouzerh wrote: post #107

Earlier quoted context omitted.

So if I understand well, investors are not really investing for the company results, but more on the hope that people will continue to invest in the company? In a kind of a ... ponzi pyramid?

A Ponzi scheme is extreme, where the underlying asset is worthless. Databricks is a fast-growing company with ~$4B in annualised revenue and huge potential. Many rounds got some portion of the round for liquidity. Similarly, markup strategies are common and valid. For existing investors, it works because they have already done research on the company and believe in it, so they put their money where their mouth is. Fo…

potato, herbalife.

so it is a ponzi schem. we are just discussing the size.

Re: Databricks is raising a Series K Investment at >$100B valuation

#212

Post by naijaboiler »

lucketone wrote: post #190
naijaboiler wrote: post #185

Earlier quoted context omitted.

we have databricks at my company 50m ARR, 150 employee. With 0 full time Data Engineer (1 data scientist + 1 db admin manages everything on there as part time jobs). We are able to have data from like 100 transactional database tables, Zendesk, all our logs, every single event from eveery user in our mobile application, banking data all in 1 place. We are a 2-sided marketplace, we can easily get 360 degree data on ou…

Do you use any payed support from databricks?

no we don't. Our plan includes some support, but we honestly haven't needed it. We are also aggressive about sizing compute resources to the task, and foregoing some of the more costly "easier serverless options" that databricks provides. Their serverless SQL though is excellent value for money.

Re: Databricks is raising a Series K Investment at >$100B valuation

#213

Post by djrj477dhsnv »

groaninvasion wrote: post #195
djrj477dhsnv wrote: post #92

How is this company worth even 1% of that? Their product looks like basic wrappers for managing postgres instances and dashboards. Why would anyone with even minimal technical expertise pay for a generic service like that?

what screen are you even looking at when you log on to databricks? does your admin not provide you any access?

Not sure if this reply was meant for me, but I've never even heard of databricks until today. I had just taken a look at their website.

At my company we just use a large self-managed postgres server and I access it directly.

Re: Databricks is raising a Series K Investment at >$100B valuation

#214

Post by burnerzzzzz »

groaninvasion wrote: post #192
burnerzzzzz wrote: post #134

My company is heavily invested in Databricks and let me tell you it sucks. 5 min to spin up a job that needs to run for 10 seconds is a terrible way to spend ones time and money.

use serverless then. its literally the simplest solution. what sort of poor decisions your team is making? it needs to run 10 seconds but still spinning up a cluster?

Databricks serverless has tons of limitations, a simple server would suit our needs much better
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