Weekly newsletter on technology, startups, and venture capital.

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

• Bottoms up adoption is hard. Hashcorp has 4,300 customers in total but only ~800 of them generate 90% of their annual revenue. 
• Not confirmed but appears as if Midjourney is generating ~$200M a year in revenue.
• The future product roadmap of OpenAI - finetuning, larger prompt context, cheaper pricing.
• One of the biggest new items last week was the launch of Apple's Vision mixed reality headset. While the commercials do seem a bit Black Mirror, I can't wait to try out the 4K screens for each eye. 
• While generative AI is not killing the stock image photo market today, it's gaining market share and is reshaping the supply side of the industry. 
• New revenue growth is falling across most of the large enterprise technology companies.

• 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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