CM Weekly: 2024 Valuations, Dev uses of AI, M&A
Chris McCann's weekly newsletter on technology, startups, and venture capital.
I’m looking to hire a technical associate to join our investment team at Race Capital to help us source and invest in the next greatest infrastructure & enterprise startups similar to our portfolio companies Databricks, Vectara, Play, Scarf, and others.
See the full posting here, and would love to hear from you!
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Written by Chris McCann, General Partner @ Race Capital. More about me.
🗞️ Interesting Reads
Despite all of the market turmoil, the cloud giants are still growing 26%+ YoY on average.
Runways training data for its AI model was leaked, and surprise surprise it included most of YouTube and other pirated movies and videos.
Character.ai was “acquihired” back into Google, similar to the deals with Inflection & Microsoft and Adept & Amazon. Foundational models are proving to be a much more risky business than most investors anticipated.
An analysis on how AI companies are pricing their products.
A deep dive into the AI x Sales market landscape.
A report on how developers are using AI in their current workflows. TLDR the top use cases are writing code, searching for answers, debugging, and creating documentation.
Real lessons on M&A and running an M&A process.
New data from 2024 for average valuations for startups by stage & by total raise size.
🔥 Startup Jobs
By Company: Databricks, GoodNotes, Zeet, Opaque, Lightning Labs, OtterTune, and more
By Role: Engineering, Data Science, Product, Design, Operations, Finance, Legal, and more
By Location: SF Bay Area, New York, London, and Remote
Browse more open roles across our portfolio at Race Capital's Portfolio Job Board.
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