Daily Crunch: Revolut advises users to take caution after hacker breach triggers phishing campaign

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Hey there, you're getting some deep- fried delights. It was the deep fried thing that made you want to eat it. Is that not true? This is the daily crunch.

It has taken us a long time to get to the full tasting menu because of the amount of delicious news the team has cooked up over the last 24 hours. We have selected some of the juiciest news for you to serve in bite-sized pieces.

Is this whole food analogy working? We will teach this more in the future, so you have that on the menu.

Our most popular dishes

• Phishing expedition: Revolut confirmed that it was hit by a cyberattack, likely the work of a phishing campaign, that ended up exposing the personal data of tens of thousands of users, Carly writes.
• A different kind of fish: While the thought of eating sardines might be gross, this particular Sardine was a sweet treat for Andreessen Horowitz, which backed the company’s $51.5 million Series B round so the company could “sniff out fishy fintech transactions,” Anita writes.
• Data landlocked no more: “Genie effectively enables the world’s first real time CRM.” That’s what Salesforce’s Patrick Stokes, GM of platform, had to say about the company’s new data lake that brings a new approach to how customer data moves around the platform, Ron reports.

Startups and VC

Lerer Hippeau, a New York venture capital firm, has announced additional funding for two new funds: LH Seed VIII, which focuses on pre-seed and seed stage companies, and LH Select IV, which invests in companies from Series A to C. Ben Lerer is back at the firm full time after completing the sale of Group Nine Media.

Feast on these.

4 employment law mistakes startups can stop making today

Most early-stage startups are either incompetent or disinterested when it comes to orienting new hires.

Speed and growth are more important than basic paperwork at that time. Problems will eventually arise because most first-timers have no management experience.

The risks associated with noncompliance and the four common mistakes that cause problems down the road are explored in the second article by attorneyKristen Corpion.

She writes that a startup can set itself up to scale more easily if it addresses employment law issues early on.

4 employment law mistakes startups can stop making today

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Big Tech Inc.

audiobook streaming service launched today with over 300,000 titles Every title is individually priced instead of a single price across all books in the catalog is what Sarah writes about. This is one of the key advantages of the service.

If you are a fan of the company, Rebecca and Kyle talked about different aspects of the event. There are new products and services for training large language models and the new high-end RTX 4090 graphics card.

There's more from the cafeteria.