Just how hard will it be for some high-flying unicorns to go public? The question gets more serious and worrisome by the week.
To understand how much the late-stage market has changed in the last few months, we’re once again pulling public market data that we will contrast against mega-unicorn Databricks’ known results. Recall that we executed this experiment in February, when the data analytics company announced that it closed 2021 with $800 million in ARR, and in April, when we took a look at the company under the harsher lights of a declining market for software revenues.
That downward trend continued, meaning that it’s time to take another pass at the exercise.
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I promise that we’re not picking on Databricks for any reason other …