CM Weekly: Open vs Closed, AI Spend, Focus, Founder Compensation
Chris McCann's weekly newsletter on technology, startups, and venture capital.
I'm hosting a fireside chat with Priyanka Vergadia, the developer relations lead at Google Cloud, on best practices for growing and scaling development communities. We’re hosting it for our portfolio founders especially in the open source, dev tools, and dev platform spaces.
If you’re working in one of these areas it would be great to have you join us as well. Info and to RSVP is here -> https://lu.ma/race-capital-build-scale-dev-community-priyanka-vergadia
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Written by Chris McCann, General Partner @ Race Capital. More about me.
🗞️ Interesting Reads
The price of ocean freight containers are increasing to pandemic levels, be prepared for higher supply chain costs again.
Synapse, one of the original banking as a service (BaaS) providers, is in full meltdown with their partners and end customers not being able to withdraw their balances.
A very contrian take by Founders Fund, on the future of AI models being closed source (not open source).
It's estimated that B2B companies are spending $15B for generative AI applications a year, which is around 1% of IT spend.
The challenges of using generative AI in game development.
Startups are all about focus.
A survey report on how much founders pay themselves in terms of cash compensation. TLDR the median amount is $132K, and for pre-seed companies the median is closer to $100K.
🔥 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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