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Hello, you deep-fried morsels of bliss. Deep fried because that’s what made you crunchy. no? Because it’s the Daily Crunch?
The TechCrunch team has gotten so competitive this season of the Great Tech Bake-off, churning out an incredible amount of great news in the last 24 hours that it took us nearly 24 hours to devour the entire tasting menu. Don’t worry, we’ve rounded up some of the juiciest Michelin-starred news for you, served in bite-sized pieces.
Our most popular dishes
- Phishing expedition: Revolut has confirmed that it has been hit by a cyber attack, likely as a result of a phishing campaign that exposed the personal data of tens of thousands of users, Carly writes.
- Another type of fish: While the thought of eating a sardine may be disgusting, this particular sardine was a sweet treat for Andreessen Horowitz, which backed a $51.5 million Series B round so the company could “sniff out boring fintech transactions” . Anita writes.
- There is no more access to the sea: “Genie efficiently delivers the world’s first real-time CRM.” Here’s what Salesforce CEO Patrick Stokes had to say about the company’s new data lake, which offers a new approach to how customer data moves across the platform. Ron reports.
Startups and VCs
Iconic New York venture capital firm Lerer Hippeau has announced $230 million in additional funding through two new funds: LH Seed VIII, which focuses on seeding and seeding companies, and LH Select IV, which invests in Series A to C companies, Christina reports. Oh, and Ben Lehrer has returned to the firm full-time following the completion of the sale of Group Nine Media to Vox Media earlier this year.
Come on, treat yourself to this:
4 Employment Law Mistakes Startups Can Stop Making Today
There’s no good way to put it: When it comes to onboarding, most early-stage startups are either inept or disinterested.
At this stage of a company’s development, speed and growth are considered more important than basic workflow. And since most founders do not have management experience for the first time, problems will arise over time.
In her second article for TC+, attorney Kristen Corpion explores the risks of non-compliance and describes four common mistakes that cause problems down the road.
“By being proactive in dealing with labor law issues early on, a startup can set itself up to scale more smoothly,” she writes.
Let us fulfill your TC+ desires:
TechCrunch+ is our membership program that helps startup founders and teams stay ahead of the pack. You can subscribe here. Use code “DC” for 15% off your annual subscription!
Big Tech Inc.
Spotify, more like Bookify, has launched its own audiobook streaming service today with more than 300,000 names. Sara writes that what is unique about Spotify’s services compared to other platforms is that “each title has an individual price, rather than a single stable price for all books in the catalog. Spotify intends to make this one of the key differentiators and competitive advantages of its services.”
If you’re an Nvidia fan, Devin, Rebecca and Kyle covered various aspects of the company’s GTC event. We have something new high-end RTX 4090 GPU, Chip Drive Thor for autonomous vehicles, services for training large language models and new ones products for robotics developers.
More from the cafeteria: