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

This Week In Startups is made possible by: Stripe: https://stripe.com/startups Rippling: https://Rippling.ai/twist Northwest Registered Agent: https://www.northwestregisteredagent.com/twistdomain Plaud: https://Plaud.ai/twist Today’s show: Binance lost an estimated $6.3 billion in the biggest crypto hack ever, and Jason proposes a radical solution. The entire tech industry should stop shipping new features for one month a year, and do nothing but patch. (Call it No App November?) On a busy Friday show, Jason and Lon dig into the. Binance breach and look back at Jason’s prescient 2021 warning about leaving your money in crypto exchanges. (He recommends spreading your wealth around various different banks!) Plus, why he’s giving CZ credit for backstopping customer losses out of his own fortune. Plus, DoorDash’s $17B acquisition of Instacart… Did DoorDash overpay? And is this happening now to avoid the harsher regulatory climate should Democrats regain power in the midterms? Then we’ve got Hermetiq co-founder and CEO Jake Newfield, who has twice won the LAUNCH Accelerator’s pitch competition. Hear the celebrated two-minute pitch for an AI build engineer, and find out why Jason thinks having a “lighthouse customer” makes such a huge difference. Finally, we’re awarding the Grand Prize in our $5K bounty competition to create Jason’s Annotated app, and remembering the legendary film and TV actor Sir Patrick Stewart. Guest Jake Newfield on LinkedIn: https://www.linkedin.com/in/jakenewfield/ Hermetiq: https://www.hermetiq.com/ Bazel: https://bazel.build Apply to the LAUNCH Accelerator: https://www.launch.co/apply Relevant Links Binance links the $6.3B theft to a compromised DevOps laptop (BleepingComputer): https://www.bleepingcomputer.com/news/security/binance-links-63-billion-crypto-theft-to-compromised-devops-laptop/ The 1978 Lufthansa heist (History.com): https://www.history.com/articles/1978-lufthansa-heist-jfk-henry-hill-goodfellas Trump pardons Binance founder Changpeng Zhao (KWTX/AP): https://www.kwtx.com/2025/10/23/trump-pardons-binance-founder-changpeng-zhao CrowdStrike: https://www.crowdstrike.com/en-us/ Palo Alto Networks: https://www.paloaltonetworks.com/ Grant Cardone challenges Jason to $1M Bitcoin bet: https://www.thestreet.com/crypto/markets/grant-cardone-challenges-bitcoin-bear-to-1-million-bet DoorDash to acquire Instacart for $17B (TechCrunch): https://techcrunch.com/2026/10/29/doordash-to-acquire-instacart-for-17b/ Economic Liberties calls on the FTC to block the deal: https://www.economicliberties.us/press-release/economic-liberties-calls-on-ftc-to-block-doordash-instacart-merger/ https://www.supermarketnews.com/foodservice-retail/central-market-expands-curbside-and-home-delivery People are using AI to make their smart TVs dumb again (TechCrunch): https://techcrunch.com/2026/10/19/people-are-using-ai-to-make-their-smart-tvs-dumb-again/ TWiST $5K Bounties: https://bounty.thisweekinstartups.com/ Founder University: https://founder.university/ Founder University x Japan: https://japan.founder.university/ Inside.com domain auction: https://inside.com/ Yank Sing: https://yanksing.com/ Cafe du Monde coffee and chicory: https://shop.cafedumonde.com/product/coffee-beignets/cafe-du-monde-coffee-and-chicory Patrick Stewart, "Star Trek" and "X-Men" actor, dead at 86 (CNN): https://www.cnn.com/2026/10/29/entertainment/patrick-stewart-death Timestamps: 0:00 The largest crypto hack or theft in history 5:45 Jason gives CZ credit for backstopping losses 7:34 Jason’s cybersecurity proposals 11:48 Stripe Startups - Stripe Startups offers early-stage, venture-backed startups access to Stripe fee credits and more. Apply today on https://stripe.com/startups. 14:49 DoorDash buys Instacart for $17B 18:48 Is DoorDash overpaying? 24:28 Thanks to our partners at Rippling! Head to https://rippling.ai/twist and get the only AI built to give you full visibility across your startup and take complex actions across your entire business. 26:26 Vibecoding your smart TV 27:20 Plaud: If your work depends on conversations - interviews, meetings, calls - you need a Plaud NotePin S. You can check it out at https://plaud.ai/twist and use code TWIST for 10% off! 30:04 Jake Newfield (Hermetiq) gives a perfect pitch 34:13 Got a new business idea? Northwest Registered Agent helps you bring it to life. Get a free domain, email, phone number, and more - with no purchase required! - Learn more at https://www.northwestregisteredagent.com/twistdomain 37:12 Lead with your lighthouse customer 43:14 The Cafe Du Monde branding lesson 51:10 The Annotated Bounty finals begin 1:04:00 Jason announces the grand prize winner 1:07:34 RIP Sir Patrick Stewart Follow TWiST: Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups Substack: https://twistartups.substack.com

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