Weekly newsletter on technology, startups, and venture capital.

I'm excited to finally announce our Race Capital $181M Fund II is officially closed! 🏎💨

My partners and I went through war to close this fund. We're very thankful for our whole team, our founders, and our LPs for their continued support.

To recap on our focus areas:

• Race Capital focuses on leading pre-seed and seed stage investments
• Across all things infrastructure including data infra, AI/ML infra, dev tools, financial infra, open source, computation infra, Web3, etc.

If you're a founder building in any of these areas would love to chat > chris@race.capital 

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

• Founders have the unenviable position of making the hard decisions, including when it's time to give up. 
• ChatGPT released their plugin store, now giving AI the ability to complete tasks on its own on the web. 
• Hindenburg Research, the famed research driven short seller, wrote a scathing report about Square/Block - claiming overstated user metrics and rampant fraud. 
• A post looking into the origin, drama, and people behind OpenAI. 
• Coinbase was served a Wells notice, for trying to follow the US guidelines for digital assets. Spelling a tougher environment for all Web3 companies.
• A dashboard of the top open source projects by growth, retention, and usage. 
• A 104 page macro presentation by Benedict Evans on the state of tech. TLDR - The big tech companies are getting bigger and becoming the ultimate gatekeepers of the economy. 
• A research paper looking into what jobs *could* be potentially replaced by AI and LLM models. 
• A report by cloud computing spend.

• 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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