21.
Snowflake vs. Databricks: GAAP revenue versus run-rate ARR
Annualizing Snowflake’s latest quarterly GAAP revenue gives a $5.56B run rate, narrowing the apparent gap with Databricks’ non-GAAP ARR figure
@credistick on Backlist
4 appearances on the backlist front page in the last 30 days.
7.
SpaceX and the founder cost of capital (x.com)
Musk raised roughly $10B in primary SpaceX equity while retaining top-decile founder ownership, showing how capital efficiency can compound into unusually low dilution
11.
The biggest VC rounds have underperformed the S&P 500
A portfolio of the ten most heavily funded venture-backed companies would be down 120.5% relative to the index, challenging the idea that capital raised tracks importance
16.
Does antitrust enforcement help venture investment?
The study finds VC investment falls in areas less protected by antitrust enforcement, complicating the claim that weaker enforcement always helps startups