May 23, 2022

Startups & Tech - Issue #201: Stake in Robinhood, M&A Process, Under-Collateralized Lending

Issue #201 — View online — Suggest a link

Startups & Tech

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

Gm.

Hedge, our portfolio company at Race Capital, launched with the tagline of “Never sell your SOL”. They are building a Solana vault product (similar to MakerDAO/Liquity) natively on Solana. Despite the down market, it’s always a good time to build. 🚀

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

🗞️ Interesting Reads

Fred Wilson predicts this downturn we are in will last ~18 months or more.
For more tactical tips on how to weather the downturn, YCombinator sent this note to their founders.
Despite the market downturn, Sam Bankman-Fried of FTX purchased a large stake of Robinhood (note - Race Capital is a seed investor of FTX).
Lessons learned from going through the acquisition process.
The engineering challenges of building billing systems.
A deep dive into the market sector of under-collateralized & uncollateralized lending in DeFi.
What Mark Zuckerberg thought about the potential of Facebook Messenger, back in 2013 from internal emails.

🔥 Startup Jobs

Race Capital: Investment Associate, Head of Content (Remote)
Hedge: Product Design, DeFi Degen (Remote)
Solend: Engineer, Smart Contracts, Product Design (Remote)
OtterTune: Product Manager, Software Engineer, Designer (Remote)
Opaque: Business Development, Backend, Core Platform (Berkeley, CA)
SocialChat: Customer Support (San Francisco, CA)
GoodNotes: Campus Ambassador (London, UK)
Databricks: Infra Eng, Product Manager
Lightning Labs: Head of Talent, Engineering Manager, Product Manager, Marketing (Remote)
Citcon: VP Engineering, Lead Architect (Remote)
Polysign: Software Engineer, Client Services (Remote)
Scarf: Social Media, Head of Growth, Engineer, Data Analyst (Remote)
Zeet: Head of Growth, Dev Experience, Customer Success, Marketing (SF, CA)
Zeta: Product Designer, Marketing Lead (Remote)
FTX: Full Stack Developer (Remote)

Browse more open roles across our portfolio at Race Capital’s Portfolio Job Board

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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 - General Partner @ Race Capital, former Greylock Partners
chris@startupdigest.com

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