Lemkin: Databricks and OpenAI IPOs will be nail in coffin for SaaS

“I think it will be the nail in the coffin for almost every public software company. And what I mean is when Stripe and data, like, okay, there's OpenAI, there's Anthropic, we can put them in a different category, right? They clearly are on many levels. When OpenAI and Databricks go public at 80% growth and, you know, Stripe accelerating 41% and 71% billings, Nothing except Palantir approaches these, right? Even Cloudflare isn't this good, right? And so you almost just want to take everything below the line and just almost erase it as just a distant memory of the past because they're, these are slightly more traditional companies, but massive AI tailwinds, right? That are, have growth rates, like almost no public comp. They're just gonna re re rework the leaderboard.”

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