So what about the companies with slowing growth in the startup market, especially those now contending with a changing market that is turning what used to be tailwinds into full-force headwinds? Well, the public markets are detailing an increasingly clear and perhaps bleak image for companies valued on growth more than profitability - which is to say, all startups and a good chunk of recently public unicorns. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. The Exchange explores startups, markets and money. This is akin to noting that you don’t need more than one dart at the bar because you intend to hit the bullseye on your first go. That’s a wild expansion pace for a company of Databricks’ size, and it backed up its CEO’s general vibe that his team could weather any change in market conditions regarding the value of software startups, provided that he keeps the growth flowing. News that Databricks crossed the $800 million annual recurring revenue (ARR) threshold last year was impressive, but more notable was its growth rate of greater than 80% during the same period.
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