Databricks is the next Stripe
Don’t believe everything you read on Blind, but be careful. These companies are following a very similar path. - Create initial hype around MVP and have growing pains as a mid size company - Attempt to establish prestige through high selectivity and a unique interview process - Stripe: Modestly profitable. Databricks: On track to profitable - High pressure to ship and poor WLB - Stripe: Formerly high TC, but mostly paper money. Databricks: High TC, but mostly paper - Declining prospects and IPO nowhere in sight
Avoid databricks super bad wlb as per pay
Is it the same in India(new BLR office) as well?
Yeah
lol
Sorry for what’s happening in Flexport - luckily I didn’t accept my offer from august 25th
You’re lucky, definitely would’ve had your offer rescinded lol, stick with meta!
Databricks is comparable to snowflake (literally competitors). Db is making 1B in ARR! Snowflake is growing so much too. There's hardly anything in common with fintech that has low margins, low staying power and less moat.
$1B ARR is impressive. Is DataBricks giving out offers at a $10B valuation?
Bard says 38B
This has been true for so long.
I’m so happy to be liquid.
You mean Uber is paying all cash now? No future equity vesting?
Monthly vest.
Op .. why so much hate towards DB any incident happened that you want to share ? If you compare snowflake financial state and DB, market conditions and growth rate ... DB is doing very good ... You are calling it as paper money. Even if they IPO at discount on current valuation also it will be so much money for employees I have some friends who works in Amsterdam DB .. they said wlb is fine .. at starting there is too much work .. but now it's decent and good amount of quality work (with no politics) .. only difficult thing is getting promoted there given there are lot of senior folks who hinders the growth of junior folks
Sounds like someone didn’t get an offer
I didn’t apply. Some of my high performing teammates bought the hype and jumped to Databricks without a second thought. I worked at Stripe previously and am sharing some warnings to encourage people to consider both the risks and the rewards.
Extrapolating with n=1. Sounds legit.
I noticed DB offers very low base salary, usually 15-20% lower than other selective employers
DB is actually in a very solid place right now if you buy into cloud and AI being hot fields into the future. They’re going very quickly and have a bunch of Berkeley CS profs leading it. Working in the space myself, Im very bullish. They also pay very well (tho paper money), but it’s late stage enough that an IPO will likely happen soon.
Indeed, we expect the IPO to happen within 2 years.
Exactly, every unicorn says it'll IPO within 2 years, they repeat this advertise every year
I work at Rubrik. It’s exactly the same here.
How so? Thought your ARR is 600M+? That's pretty good right?
rubrik was saying to IPO back in 2021... wth r they doing now