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Revolut advises users to exercise caution after hacker breach triggers phishing campaign • TechCrunch


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Hey there, little fried bits of delight. Fried, because that’s what makes you crispy. Nope? Because it’s the Daily Crunch?

The TechCrunch team has gotten so competitive during this Great Tech Bake-off season, cooking up an incredible amount of delicious news over the past 24 hours, that it’s taken us almost 24 hours just to ingest the menu of complete tasting. Don’t worry, we’ve picked out some of the juiciest, most Michelin-starred news for you, served in bite-size pieces.

This whole food comparison really doesn’t work, does it. Alright, great, we’ll talk a bit more about that in future newsletters, so you have that on the menu. — Christina and haje

Our most popular dishes

  • Phishing expedition: Revolut has confirmed that it was the victim of a cyberattack, probably the work of a phishing campaign, which ended up exposing the personal data of tens of thousands of users, Carly writing.
  • A different fish: While the thought of eating sardines might be gross, this particular sardine was a treat for Andreessen Horowitz, who backed the company’s $51.5 million Series B round so the company could “sniff out shady fintech deals”. Anita writing.
  • Data is no longer landlocked: “Genie efficiently enables the world’s first real-time CRM.” That’s what Patrick Stokes of Salesforce, managing director of the platform, had to say about the company’s new data lake which brings a new approach to how customer data moves across the platform. -form, Ron reports.

Startups and VCs

Iconic New York venture capital firm Lerer Hippeau announced an additional $230 million in funding in two new funds: LH Seed VIII, which focuses on pre-seed and early-stage companies, and LH Select IV, which invests in Series A to C companies, Christina reports. Oh, and Ben Lerer is back in the business full-time after closing the sale of Group Nine Media to Vox Media earlier this year.

Come on, enjoy these:

4 Employment Law Mistakes Startups Can Stop Making Today

Picture credits: Martin Dibel (Opens in a new window) /Getty Pictures

There’s no nice way to say this: when it comes to onboarding new employees, most early-stage startups are either incompetent or indifferent.

At this stage of business development, speed and growth are considered more important than basic paperwork. And since most new founders have no management experience, problems will eventually arise.

In her second article for TC+, attorney Kristen Corpion explores the risks associated with non-compliance and outlines four common mistakes that create problems down the road.

“By being proactive in resolving employment law issues early, a startup can scale more seamlessly,” she writes.

Let us meet your TC+ desires:

TechCrunch+ is our membership program that helps founders and startup teams get a head start. You can register here. Use code “DC” to get 15% off an annual subscription!

Big Tech inc.

Spotify, more like Bookify, today launched its audiobook streaming service with over 300,000 titles. Sarah writes that what is unique about Spotify’s services compared to other platforms is that “each title is priced individually instead of having a single, consistent price for all the books in the catalog. Spotify intends that this being one of the main differentiators and competitive advantages of its service.

If you are an Nvidia fan, Devin, Rebecca and Kyle covered different aspects of the company’s GTC event. We have the new high-end RTX 4090 GPU, the Drive Thor chip for autonomous vehicles, services for training large language models, and new products for robotics developers.

More from the cafeteria:



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