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Hackers hacked LastPass customers’ encrypted password vaults, parent company admits • TechCrunch


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What’s up, Crunchers? It’s good to see you again! We are so happy to have you with us. It’s been a very busy day on the site today, and Haje has been busy getting really grumpy at Tesla for not recording the car accident he was in today. (He’s fine. Or at least as good as he was before the car accident.) — Christina and haje

TechCrunch’s top 3

  • Apparently the hacker’s LastPass wasn’t really the last: Two months after LastPass suffered a breach, we are now learning more about what the hackers got. Carly writes that company owner GoTo claims that hackers stole customers’ encrypted backups.
  • If you like the great outdoors: Strava, the social community and activity tracking platform, has acquired Fatmap, a 3D mapping platform for the great outdoors, to make this next hike a doozy, Paul reports.
  • What’s new with WhatApp: Ivan follows an in-development story on WhatsApp releasing its native macOS client in public beta. He writes that “until now, Mac users have had to rely on either WhatsApp for the web or its WhatsApp web client. Both are not ideal in terms of performance or getting the full experience.

Startups and VCs

It’s a tough time being a prize-rich company that didn’t go public when the obtainment was good. Not only are there fewer later-stage players with the resources and appetite to back these companies (e.g. SoftBank and Tiger Global have fallen back dramatically), but even secondary investors have lost interest. At least it’s Connieread a new report, in its excellent article Opportunistic Investors Are Leaving Aging Pre-IPO Companies.

Connie also reported that Cowboy Ventures closed two new funds totaling $260 million in capital commitments. The outfit raised $140 million in commitments for its fourth flagship fund and an additional $120 million for its first opportunity-type fund (its “Mustang Fund”).

And we have five more for you:

A VC’s perspective on deep tech fundraising in Q1 2023

Picture credits: Xi Huo (Opens in a new window) /Getty Pictures

Successful deep tech startups and SaaS companies typically reach $1 billion valuations in the same time frame.

“It took $115 million and 5.2 years for the median deep tech startup to become a unicorn,” says Karthee Madasamy, managing partner at MFV Partners.

New ventures in this sector raised about $600 million last year, down sharply from $800 million in 2021. But Madasamy says recent climate regulation, automation and space are just a few factors that are generating investor interest during this downturn.

“As it becomes increasingly difficult to achieve big releases in the coming years, the technologies within deep tech that are transforming entire industries offer some of the only paths to ’10x releases’.”

Three others from the TC+ team:

Tech Crunch+ 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.

Selling or renting a house comes with all sorts of pleasures, including having to leave the house all the time and strangers wandering into your house. If there could be a rainbow amid the rainstorm, it’s Zillow that wants to make it easier to book a home visit for rentals. Enter its Calendly-like instant booking feature that can be used without having to get in touch with anyone. Ivan writes that the feature is already available for thousands of properties and will eventually include the ability to choose between a virtual, in-person or self-guided tour.

Here are five more:




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