CM Weekly: BaaS, SBF on Regulation, Pitching Tips

Gm. The biggest news last week was Adobe’s $20B acquisition of Figma last week. I had the pleasure of working with Dylan Field in the early days at Greylock, helping to build its early customers and design community.

Some companies take a long time to mature, and I was always in awe with Dylan & John Lilly’s endurance to grind it out for years to become the company that it is today. A huge congrats to you both!?

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

??? Interesting Reads

• Banking as a Service & fintech partner banks are going to be under a lot more scrutiny ?after the Blue Ridge Bank & OCC agreement.
• Sam Bankman (founder of FTX) on crypto regulation in the US. Also a huge congrats for FTX getting regulatory approval to operate in the EU.?
• What internal engineering tools look like.?
• The metaverse company might turn out to be Roblox, not Meta.?
• Market data on network availability. Interesting tidbit: Worldwide users spend ~6% of time with no cellular signal.
• Three trillion photos were taken with iPhones last year, that's a lot of pictures!?
• I wrote some tips on pitching. TLDR: Know your product & weave your story into your company.?

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