Weekly newsletter on technology, startups, and venture capital.

Race Capital will be hosting an event on the future of voice-based AI on October 18th with the former CEO of Nuance (acquired by Microsoft for $19B) and founder of Otter.ai. More info and RSVP link here. 

I’ll also be speaking at Vectara’s launch event on October 16th along with ​Matei Zaharia, the founder and CTO of Databricks. More info and RSVP link here.

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

• Here are the main takeaways from the Biden executive order on AI Safety which was released last week.
• Microsoft announced it has over 1M paid GitHub Co-Pilot users, implying it’s a ~$150M year business already. 
• Many previously unicorn companies have been dying in 2023, and here is the story of why Convoy (once valued at $3.6B) shut down.
• One of the biggest lessons learned from a founder/startup that didn’t make it, is to be as specific as possible with your ideal customer profile / who you are targeting. (Here’s a primer on developing your own ICP.)
• Public and private valuations have been painfully but slowly converging with signs of the private market secondary bid/ask spreads closing.
• A post on how venture capital investors think about selling and exiting their portfolio 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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