Equity

Don't give your weed dealer all your data

Aug 13, 2021
The hosts dive into the chaotic landscape of venture capital, sharing insights from a recent EdTech conference. They reveal alarming cybersecurity threats facing investors and discuss the skyrocketing valuations of cloud companies. The conversation shifts to innovative funding efforts in the cannabis and mapping sectors. They highlight Trendyol as Turkey's standout decacorn while celebrating India's UpGrad as its newest unicorn. Finally, a critical look at tech solutions for climate-induced disasters emphasizes the need for improved emergency responsiveness.
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ANECDOTE

Ransomware Attack on VC Firm

  • Advanced Technology Ventures, a $1.8B venture firm, suffered a ransomware attack.
  • Hackers stole LP data, including names, addresses, and social security numbers.
INSIGHT

VC Cybersecurity Gaps

  • Venture capital firms often lack robust cybersecurity, making them vulnerable to attacks.
  • Many firms don't have basic protections like two-factor authentication.
ANECDOTE

Sequoia Capital Phishing Attack

  • Sequoia Capital experienced a phishing attack earlier this year, highlighting cybersecurity risks even for top firms.
  • This incident demonstrates that even large firms with significant resources can be targeted.
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