Convoy shuts down, NY AG sues Gemini, Genesis, and DCG over defrauding investors

The Information sources: Convoy, a digital freight broker, has shut down after revenue was on pace to fall drastically y/y in 2023 - Link

NY AG Letitia James sued crypto exchange Gemini, crypto lender Genesis, and its parent co DCG for allegedly defrauding 230K+ investors (and at least 29K NYers) of more than $1B - Link

Discord shut down Gas just nine months after acquiring the anonymous compliments app geared toward high school students; Gas had ~1M DAUs in October 2022 - Link

Zhipu, a Beijing-based generative AI startup, has raised ~$342M from Alibaba, Tencent, Ant Group, HongShan (fka Sequoia China), Meituan, and others this year - Link

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Lon Harris joins Jason to discuss Apple’s major push into Hollywood blockbusters (1:38), their anti-Netlix, “auteur” approach (4:27), updates on the WGA+SAG-AFTRA strikes (29:11), film recommendations (46:10), and much more! - Link

The SEC dropped its charges against Ripple CEO Brad Garlinghouse and Chairman Chris Larsen over allegedly aiding and abetting the company in violating securities laws - Link

Product Hunt CEO Rajiv Ayyangar cut ~60% of the team in a “strategic” round of layoffs, which impacted the company’s design, product, and sales units - Link

Crunchbase data: Global cybersecurity startups raised ~$1.9B across 153 deals in Q3 (+12% q/q, -30% y/y) - Link

SecureW2, a startup that helps businesses use certificate-driven authentication from identity and management software providers such as Okta and Microsoft Azure, raised $80M from Insight Partners - Link

This Week in Startups

E1831: Should Apple buy Disney? Plus: Apple's $1B blockbuster bet and more with Lon Harris

E1830: Booking Holdings CEO Glenn Fogel on travel industry trends, M&A, leadership, and more!

E1829: AI demos: ChatGPT’s UI punch ups, Google’s generative image search, and more with Sunny Madra

E1828: Debating personal AI hardware with Rewind AI’s Dan Siroker

E1827: NEWS: Ackman's SPARC, Unity CEO steps down amidst dev revolt, AI operating costs skyrocket

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