Weekly newsletter on technology, startups, and venture capital.

Happy New Year, and thanks to the many subscribers who joined in the last couple of weeks!

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Written by Chris McCann, General Partner @ Race Capital. More about me.

• Microsoft’s bet on OpenAI seems to be paying off with the company reportedly raising at a $29B valuation due to the growth of ChatGPT. Look out for Microsoft Azure’s revenue growth for 2023 and embedding even more AI services into their cloud platform. 
• Figma/Adobe acquisition as a potential violation of antitrust policy could deter other large acquirers in 2023.
• In a recent survey developers are more interested in APIs and serverless in 2023.
• Fred Wilson on what happened in 2022 and what will happen in 2023.
• Despite Facebook's change to Meta, VR headsets declined in sales from 2022 to 2023.
• SpaceX Starlink now has more than 1m paying subscribers for their internet service.

• 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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