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Startups typically rely on innovative ideas and technologies to disrupt and revolutionize their respective industries. However advantageous, this reliance on technology also has its drawbacks. Most startups can expect to have severe exposure to cybercrime and unintentional data breaches at some point. If you store, manage and use your clients’ personal information, your company could be held liable by the victims in the event of a data breach or cyberattack.
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GM is backing away from an agreement to take a stake in electric automaker Nikola Corp, marking the collapse of a deal that has been problematic since it was announced just two months ago. Shares of Nikola plummeted more than 20% in pre-market trading Monday morning. GM has instead signed a non-binding memorandum of understanding to supply Nikola with its Hydrotec fuel cell system.
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Vista Equity Partners hasn’t been shy about scooping up enterprise companies over the years, and today it added to a growing portfolio with its purchase of Gainsight. The company’s software helps clients with customer success, meaning it helps create a positive customer experience when they interact with your brand, making them more likely to come back and recommend you to others.
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