CM Weekly: AI for Software, AI in Hollywood, Startup Valuation Data
Chris McCann's weekly newsletter on technology, startups, and venture capital.
My partner at Race Capital, Edith Yeung, put together this survey to help us better understand whats the main channels founders/VCs get their information and news from. Would love your help in filling it out!
We're also hosting an event on building and scaling open source companies with the founder of Agora (NASDAQ: API) and my partner Alfred Chuang, an early seed investor in Databricks and founder of BEA systems. RSVP here to join us.
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Written by Chris McCann, General Partner @ Race Capital. More about me.
🗞️ Interesting Reads
A (controversial?) thread on how software engineers won't be replaced by AI, but rather move to a new level of abstraction.
Some thoughts on the future of AI including multi-modal models, multi-agent systems, and new model architectures.
OpenAI is delaying their voice models while at the same time one of our portfolio companies Play.ai is picking up steam with their voice models.
How AI has the potential to disrupt the movie and film industries, also in presentation form. TLDR the biggest potential are: assisting scriptwriting, replacing principal photography, and automation of the VFX processes.
68% of Americans have shopped on Chinese marketplace apps, with 20% of shoppers saying they have used the apps once a week
Q2 2024 startup valuation data. TLDR pre-seeds are at a $10M median valuation cap, seed is $14M valuation cap, and Series-A is $40M median valuation
🔥 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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