Weekly newsletter on technology, startups, and venture capital.

Race Capital is hiring a few interns as associates for the summer. Find out more about what we’re looking for and apply here.

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

• Sam Altman is reportedly raising billions of dollars (outside of OpenAI?) to manufacture AI chips.
• Reddit is reportedly gearing up to go public in 2024. 
• Brex's financials were leaked and they were reportedly doing $279M in revenue, but burning $18M a month.
• In 2024, so far 93 tech companies have laid off 24,000+ workers from companies including Salesforce, Flexport, Hubspot, Brex, eBay, and more. 
• An older article showing the challenges of how to regulate banking as a service companies & the partner banks that bank them. These partner banks are under increased scrutiny as of late.

• 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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