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Startup Digest Reading List - How the Financial System Works and VC’s pitching DAOs

Issue #163 — View online — Suggest a link
Startups & Tech

A curated list of the top stories in technology, startups, and venture capital.

If you’ve ever wanted to work in venture capital, our firm Race Capital is hiring our first director of operations to help us systemize our operations. 
Here’s more about the role and how to apply. Bonus points for anyone with a legal and/or finance background.  
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Written by Chris McCann, General Partner @ Race Capital, former Greylock Partners. More about me.

Tech News Last Week
  • iOS users now have the ability to opt-out of cross-site tracking which impairs the ability to track how advertisements are performing. Privacy will have major implications in the world of advertising. 
  • The fight for privacy isn’t limited to just the big tech companies; it is spreading to the underlying technical standards committees as well. 
  • More stories about big tech companies taking a hard line stance on forcing people back into the office, this time at Apple.
Deep Dive Posts
  • One of the most in depth presentations about how the financial system works (specifically around capital flows) I have ever read by Zoltan Pozsar. It’s long but well worth the read. 
  • One of the main ways Robinhood generates revenue is through the controversial practice of “payment for order flow” (PFOF). Brett Harrison, a former tech lead at Citadel, shares a deeper level understanding of what PFOF entails, how it works, and how dangerous it really is.
  • One of the big catalysts of DeFi is the ability to earn high interest rates on capital; however, these prime rates have been falling down to more normal levels. TLDR: Supply and demand, most notable of stablecoins is the main factor here. 
  • A fascinating and dramatic discussion thread where venture capitalists are pitching a “decentralized autonomous organization” (DAO) to participate in a funding round for the Sushi token - with Lightspeed Ventures, True Ventures, Polychain and 21 VCs in total. Never before has the struggle between capital and labor been publicly accessible for anyone to read with no emotions being held back.
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This Startup Digest Reading List goes out to a wide membership base of founders, technologists, investors, and operators. Feel free to share with others, sign up here: https://startups.startupdigest.com/
Techstars Startup Digest Startups & Tech is curated by:
Chris McCann Chris McCann - General Partner @ Race Capital, former Greylock Partners
chris@startupdigest.com
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