Databricks surpassed $1B revenue last year on 60% growth, Spotify pivots podcasting business

Databricks grew revenue 60% last year to >$1B, and its data warehousing business surpassed $100M in ARR in April; the company is worth ~$30B but has paused plans for an IPO due to markets being shut down - Link

YouTube reduced the criteria to join its Partner Program, now requiring creators to have 500 subs and either 3K watch hours or 3M Shorts views in the past 90 days for eligibility, compared to prior requirements of 1K subs and 4K watch hours or 10M Shorts views - Link

In a shift from its earlier strategy of content exclusivity, Spotify is pivoting its $1B+ podcast business to provide tools for producers and generate ad revenue, similar to YouTube's model - Link

Medivis, an AR healthcare startup that allows doctors to render patients’ MRI and CT images holographically, raised a $20M Series A led by Thrive with participation from the Mayo Clinic, Bob Iger, and Kevin Durant - Link

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First up, Jason does a full breakdown of what's going on at Reddit and why this is happening now (1:21). Then, Brad Gerstner joins to break down the state of the markets in 2023 (18:28), his "Time to Get Fit" letter to Meta (30:06), and more! Brad's fireside chat was recorded live at LAUNCH Angel Summit in Napa. - Link

The SEC anticipates that it will need up to 120 days to respond to Coinbase's request for clearer rules around crypto; Coinbase sued the SEC in April in hopes of forcing the agency to make a decision - Link

The Information sources: Cloudera CEO Rob Bearden announced he would be voluntarily stepping down during a recent all-hands meeting; two years ago, PE firms KKR and Clayton, Dubilier & Rice acquired Cloudera for ~$5.3B - Link

Kodem, an Israel-based startup focused on enterprise security risk mitigation, raised $25M over two rounds - Link

OpenAI introduced improved versions of its AI models, GPT-3.5-turbo and GPT-4, introducing a feature called "function calling" and expanding the context window of GPT-3.5-turbo while simultaneously cutting its pricing by 25% - Link

This Week in Startups

E1761: Reddit communities revolt + Brad Gerstner on state of private and public markets in 2023

E1760: Apple Vision Pro, Meta’s MusicGen, Waitroom demo & more with Vinny Lingham and Sunny Madra

E1759: DoorDash Co-Founder Stanley Tang on founding story, lessons + First-time fund manager panel

E1758: How AI companions can help solve loneliness with Replika’s Eugenia Kuyda

E1757: Using AI to diagnose Dementia with Vistim Labs James Hamet + Jason LIVE at iConnections

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