CM Weekly: Valuations, Plaid, and Reverting to the Mean
Chris McCann's weekly newsletter on technology, startups, and venture capital.
Gm. Hope everyone has an awesome week.
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Written by Chris McCann, General Partner @ Race Capital. More about me.
🗞️ Interesting Reads
I know I featured this before but it’s worth taking a look at the AngelList valuation data again. Over the past few months early stage valuations have come down, deals have slowed down, and investors are owning more.
An explanation of what Plaid is and why it's so valuable. It is in large part due to the fractured US banking systems and legacy technology each one is built on.
While in one sense it seems like everything is crashing down, in another sense we are just reverting back to the mean.
Unfortunately we are seeing some issues in the crypto debt markets across centralized lenders, trading prop firms, and lending platforms. While it's healthy long term, expect more short term pain here.
A primer on portfolio construction for venture firms and GPs.
🔥 Startup Jobs
Race Capital: Investment Associate, Head of Content (Remote)
Hedge: Product Design, DeFi Degen (Remote)
Ottr Finance: Software Engineer (Remote)
Solend: Engineer, Smart Contracts, Product Design (Remote)
OtterTune: Product Manager, Software Engineer, Designer (Remote)
Opaque: Business Development, Backend, Core Platform (Berkeley, CA)
SocialChat: Customer Support (San Francisco, CA)
GoodNotes: Campus Ambassador (London, UK)
Databricks: Infra Eng, Product Manager
Lightning Labs: Head of Talent, Engineering Manager, Product Manager, Marketing (Remote)
Citcon: VP Engineering, Lead Architect (Remote)
Polysign: Software Engineer, Client Services (Remote)
Scarf: Social Media, Head of Growth, Engineer, Data Analyst (Remote)
Zeet: Head of Growth, Dev Experience, Customer Success, Marketing (SF, CA)
Zeta: Product Designer, Marketing Lead (Remote)
FTX: Full Stack Developer (Remote)
Browse more open roles across our portfolio at Race Capital's Portfolio Job Board
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