CM Weekly: Facebook’s Bad Week, Concentration Risk in Fintech, State of VC
Chris McCann's weekly newsletter on technology, startups, and venture capital.
Gm ☀️Two quick personal updates:
I’ll be speaking at the upcoming Solana Breakpoint conference in November. If you’ll be around it would be great to say hi.
🗞️ Tech News Last Week
Facebook had a tough week - with an internal whistleblower, all of their services going offline, and a Senate committee hearing.
TikTok hit 1 billion monthly active users.
Netflix acquired its first game studio.
Twitch had a major hack of both source code and user data.
Udemy filed their S-1 to go public with $479M in revenue, across 44M customers.
🤔 Deep Dive Posts
A great technical description on how and why Facebook went down for so long.
An exploration of concentration risk within financial infrastructure companies.
CB Insights published their quarterly State of Venture Capital report. Pretty awesome to see that of the biggest deals in venture, Race Capital, was involved with two of them: FTX and Databricks.
🔥 Race Capital - Portfolio Jobs
Polysign: Senior BSA Analyst (New York, NY)
FTX: Full Stack Developer (Miami, FL)
Opaque: Technical Recruiter (Berkeley, CA)
Opaque: Product Designer (Berkeley, CA)
Opaque: Developer Evangelist (Berkeley, CA)
SocialChat: Operations manager (San Francisco, CA)
GoodNotes: Back-End Team Lead (London, UK)
Browse more open roles across our portfolio at Race Capital's Portfolio Job Board