Weekly newsletter on technology, startups, and venture capital.

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

• Venture capital investing follows a power law distribution curve.
• What it takes to raise a Series B in today's environment. 
• VC "dry powder" does not equal cash in the bank. Here's a short thread on how drawdowns work within a VC fund.
• PayPal launches a USD stablecoin.
• A look into the GPU shortage and the overall GPU supply chain.
• Carta shares the distribution of check sizes for both pre-seed and seed rounds. 
• Just because a startup can raise billions of dollars, does not mean they will win the market. Hopin is a good example from the last market cycle. 
• CashApp generates more revenue than Square.

• 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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