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

Startup Stories


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What’s up crunchers? Good to see you again! We are very happy to have you with us. Today was a really busy day on the site, and Haje is obsessed with holding a real grudge against Tesla. By not registering the car collision that happened today. (He’s fine. Or at least, as good as he was before the car accident.) – Christine And came

TechCrunch’s Top 3

  • Apparently, the hacker LastPass was not really the last one: Two months after the LastPass breach, we’re now learning more about what the hackers found. Carly Company owner GoTo writes that hackers have stolen customers’ encrypted backups.
  • If you love the great outdoors: Strava, the activity tracking and social community platform, has acquired Fatmap, a 3D mapping platform for the great outdoors, to make that next walk possible. Paul Reports.
  • What’s up with WhatsApp?: Ivan WhatsApp is following a developing story about releasing its native Macross client in public beta. He writes, “Until now, Mac users had to rely on WhatsApp for the web or the web-based WhatsApp client. Neither is ideal in terms of performance or overall experience.

Startups and VCs

It’s a tough time to be a richly valued company that hasn’t gone public when earnings are good. Not only have the late-stage players (eg SoftBank and Tiger Global pulled back dramatically) had the capacity and appetite to back such companies, but secondary investors have also lost interest. At least, that is. ConnieRead about a new report in her excellent article: Lucky Investors Are Aging Pre-IPO Companies.

Connie Cowboy Ventures also reported the closing of two new funds with a total capital commitment of $260 million. The outfit has raised $140 million for its fourth major fund and another $120 million for its first venture-type fund (the “Mustang Fund”).

And we have five more for you:

A VC look at deep tech fundraising in Q1 2023

A cave full of technology

Image Credits: Xi Huo (Opens in a new window) / Getty Images

Successful deep-tech startups and SaaS companies generally reach billion-dollar valuations in the same period.

“It took $115 million and 5.2 years for a mid-sized tech startup to become a unicorn,” says Karti Madasami, managing partner at MFV Partners.

New companies in this sector raised around $600 million last year, down significantly from $800 million in 2021. But according to Madasami, recent developments in climate control, automation and space are some of the areas that have piqued investor interest this fall.

“As big exits become more difficult to realize in the coming years, technologies in deep tech will offer some unique paths to ’10x exits’ that will transform entire industries.”

Three more from the TC+ team:

TechCrunch+ It’s our membership program that helps founders and startup teams get ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!

Big Tech Inc.

Selling or renting a home brings all kinds of fun, including getting out and having guests around your home. If there can be a rainbow in the middle of a rain storm, Zillow is here to make booking a rental home tour easy. Enter the Calendly-like instant booking feature, which can be used without having to meet anyone. Ivan He writes that the feature will be available for thousands of properties and will eventually include the ability to choose between a virtual, in-person or self-guided tour.

Now here are five more:





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