Hackers pinched LastPass prospects’ encrypted password vaults, mum or dad firm admits • robotechcompany.com
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What’s up, Crunchers? Good to see you once more! We’re so glad to have you ever with us. It’s been a very busy day on the positioning as we speak, and Haje has been busy getting actual grumpy at Tesla for not recording the automobile crash he was in as we speak. (He’s tremendous. Or a minimum of, as tremendous as he was earlier than the automobile crash.) — Christine and Haje
The robotechcompany.com High 3
- Apparently the hacker’s LastPass wasn’t really the final one: Two months after LastPass skilled a breach, we are actually studying extra about what the hackers bought. Carly writes that the corporate’s proprietor, GoTo, says hackers stole prospects’ encrypted backups.
- If you happen to like the good outside: Strava, the exercise monitoring and social neighborhood platform, acquired Fatmap, a 3D mapping platform for the good outside, to make that subsequent hike a doozy, Paul stories.
- What’s up with WhatApp: Ivan is following a growing story about WhatsApp releasing its native macOS shopper in public beta. He writes that “till now, Mac customers needed to depend on both WhatsApp for the online or its web-based WhatsApp shopper. Each will not be ultimate by way of efficiency or getting a full-featured expertise.”
Startups and VC
It’s a troublesome time to be a richly priced firm that didn’t go public when the getting was good. Not solely are there fewer later-stage gamers with the assets and urge for food to help such corporations (e.g., SoftBank and Tiger International have pulled again dramatically), but in addition secondary buyers have even misplaced curiosity. Not less than, that’s Connie’s learn of a brand new report, in her glorious article Opportunistic buyers are giving up on growing old pre-IPO corporations.
Connie additionally reported that Cowboy Ventures closed two new funds totaling $260 million in capital commitments. The outfit garnered $140 million in commitments for its fourth flagship fund and one other $120 million for its first opportunity-type fund (its “Mustang Fund”).
And we have now 5 extra for you:
A VC’s perspective on deep tech fundraising in Q1 2023
Picture Credit: Xi Huo (opens in a brand new window) / Getty Photographs
Profitable deep tech startups and SaaS corporations usually attain billion-dollar valuations in the identical time-frame.
“The median deep tech startup took $115 million and 5.2 years to turn into a unicorn,” says Karthee Madasamy, managing companion at MFV Companions.
New corporations on this sector raised round $600 million final 12 months, a steep decline from $800 million in 2021. However Madasamy says latest local weather regulation, automation and house are just some components stirring buyers’ curiosity throughout this downturn.
“Because it turns into more and more tough to comprehend huge exits within the years forward, the applied sciences inside deep tech which might be reworking whole industries supply a few of the solely paths to ’10x exits.’”
Three extra from the TC+ workforce:
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Huge Tech Inc.
Promoting or renting a house comes with all kinds of enjoyable, together with having to vacate at a second’s discover and strangers strolling round your own home. If there could possibly be a rainbow amid the rainstorm, it’s Zillow eager to make reserving a house tour for leases simpler. Enter its Calendly-like on the spot reserving function that can be utilized with out having to get involved with anybody. Ivan writes that the function is already accessible for hundreds of properties and can ultimately embody the power to decide on between a digital, in-person or self-guided tour.
Now right here’s 5 extra:
