CM Weekly: Hubspot's Revenue Growth, OpenAI’s revenue, Startups Hiring Outlook
Chris McCann's weekly newsletter on technology, startups, and venture capital.
We're looking for 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
Perhaps AI isn't at product-market fit yet like everyone had assumed.
Data on Hubspot's first 10 years of revenue growth. TLDR scaling takes longer than most people think.
A look into how chinese AI companies are performing vs their US counterparts
An estimated breakdown of OpenAI's revenue. Of the $3.4M in ARR they generated 55% comes from consumer subscriptions, 21% from b2b scriptions, and 15% from developers via the API.
Are we in an AI bubble yet? TLDR it does seem like there is overinvestment but not a bubble yet.
At every stage of a startup (seed, A, B, C, etc), startups are hiring less people and the measure of success is moving from number of employees to revenue generated per employee.
🔥 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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