Binance Hacked $6.3B Stolen, DoorDash Buys Instacart For $17B, Jake Newfield from Hermetiq, + More!

This Week in Startups · · 1 hr 11 min

Jason and Lon cover the record $6.3 billion Binance hack and DoorDash's $17 billion Instacart deal. They then hear a pitch from Jake Newfield of Hermetiq, which builds an AI build engineer, and judge an app bounty.

Watch the episode 1 hr 11 min · YouTube

The gist

  1. Binance says it will cover the $6.3 billion hack, and Jason advises founders to spread money across several banks and never trust one exchange.
  2. Jason calls DoorDash's $17 billion Instacart deal an overpay, using Claude to show Instacart grows slowly and gets about 30% of revenue from ads.

What they recommend · 5 picks

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Also mentioned

0:36 The Americans · "If you watch The Americans, this can come at any angle."
17:00 HEB · "HEB launched their own delivery service here in the great state of Texas, and we love our HEB here."
17:11 Central Market · "Central Market is their upscale brand. It's kind of like their Whole Foods. Incredible company and..."
26:20 Grok · "I know Grok will do it in 10 seconds, but I started making Chrome extensions for myself."
28:53 GrokBot · "I'm going to build software to connect this in real time to my GrokBot... I'm going to have my GrokBot ping..."
32:31 Hermetiq · "Hi, I'm Jake Newfield, co-founder and CEO at Hermetiq... The bottleneck is now the build process... we are..."

Ads in this episode

Stripe Atlas, Stripe Startups, Stripe Treasury, Rippling AI, Northwest Registered Agent, GoDaddy. They're paid, so we keep them out of the picks above.

See what This Week in Startups recommends without being paid →

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