Startups & Tech - Issue #200: Depegging, Forms of Stablecoins, Valuation Data

Issue #200 — View online — Suggest a link
Startups & Tech

A curated list of the top stories in technology, startups, and venture capital.

Gm. 
Tough week in the markets for pretty much every asset class out there. Hope everyone is doing ok. 💪
At Race Capital we continue to invest across all market cycles. It’s not our first rodeo and we will always continue to back great founders working on the infrastructure of tomorrow.
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Written by Chris McCann, General Partner @ Race Capital. More about me.

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🗞️ Interesting Reads
  • In the Web3 space the biggest news by far was the failure of Terra Luna/UST. If you aren’t up to speed this is one of the best recaps of how the mechanics worked and why the peg broke. Here is a further deep dive if interested. 
  • One thing to keep in mind is there are many different types of “stablecoins” including USD backed, fully collateralized, algorithmic stablecoins, etc. I know it’s confusing but it’s important to understand the differences between each type. 
  • The crash of public markets (public equities, public crypto) will have an effect on early stage tech companies. For new startups, now is the time to be as capital efficient as possible. 
  • AngelList released “real-time” valuation data. Keep in mind, ​​deal terms are often negotiated weeks/months in advance, so there will always be a lag to the data no matter how fast it’s released.
  • One of the most scarce commodities in the Web3 space is blockspace, with different mechanisms on how to capture the value of this commodity.
🔥 Startup Jobs
Browse more open roles across our portfolio at Race Capital’s Portfolio Job Board
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This Startup Digest Reading List goes out to a wide membership base of founders, technologists, investors, and operators. Feel free to share with others, sign up here: https://startups.startupdigest.com/
Techstars Startup Digest Startups & Tech is curated by:
Chris McCann Chris McCann - General Partner @ Race Capital, former Greylock Partners
chris@startupdigest.com
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