CM Weekly: Open Source Models, Consumer Fintech, Seed vs A Rounds
Chris McCann's weekly newsletter on technology, startups, and venture capital.
I’m excited to share that we are launching a new accelerator at Race Capital, named Topline, which will be focused on infra/enterprise startups, refine their GTM, get in front of enterprise customers, and boost early revenue traction.
Accepted participants will get $250,000 on an uncapped SAFE note, $500,000 + in cloud credits, and will get mentorship and to pitch customers from JP Morgan, Caterpillar, Morrison Forrester, the NBA, and many other enterprise buyers.
Applications are now open, would love to see you apply!
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Written by Chris McCann, General Partner @ Race Capital. More about me.
🗞️ Interesting Reads
Why Facebook is open sourcing its AI models such as Llama (see page 2).
One of Race Capital's portfolio companies, Databricks, just announced their growth to $1.6B in revenue for their last fiscal year.
China ecommerce retailers Shein and Temu now make up a significant percentage of air freight on a worldwide basis.
Why Capital One is trying to acquire Discover, and how it could pass regulatory approval.
Monzo, the consumer fintech company, raised a slight up-round at a $5B valuation compared to their last round in 2022, signaling some renewed strength in the consumer fintech category.
A guide for founders on how to launch their products on ProductHunt.
A guide for founders to understand the difference between raising their Seed round vs. Series A round.
🔥 Startup Jobs
By Company: Databricks, GoodNotes, Zeet, Polysign, 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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