CM Weekly: M&A Process, Code Churn, Seed to A

One of my portfolio companies HyperDX, who are building open-source, dev-friendly observability tools to resolve production issues faster, is looking to hire their first founding software engineer. Check out their posting if you're interested,?

-------------------------

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

??? Interesting Reads

• Tips and strategies for running an M&A process as a founder, from someone who was on the Google M&A team.
• While AI has been quick to be introduced in the software development process (namely Github Copilot), the amount of “code churn” (code thrown out of the code base in less than 2 weeks) is on the rise.
• Examples of how one startup, Deel, is using AI in its internal workflows.
• Scale AI is reportedly doing $750M in revenue (I’ve heard it's in large part from the autonomous vehicles industry).
• The time it's taking startups to go from raising a seed round to raising a series A round is ~28 months now. Founders should plan accordingly.
• The Apple Vision Pro was released on Friday with people showing off some cool things they are doing with it (and not so cool). I’m excited to be picking up mine today!?

?? Startup Jobs

• 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.

This newsletter goes out to a wide membership base of founders, technologists, investors, and operators. Feel free to share with others, sign up here: Substack | LinkedIn Newsletter