Former FTX Head of Engineering, Nishad Singh, testified that SBF used FTX customer deposits, via loans from Alameda, to contribute $90M+ to political campaigns and invest “hundreds of millions” in K5, a California investment company led by Michael Kives - Link
In Q3, US VC deal value fell to its lowest level since Q2 2018; 2023 is on pace to be the worst year for US VCs in terms of deal value since 2019 - Link
Stack Overflow cut 100 employees, primarily in sales and support roles, as more of its traffic gets taken away by AI-powered coding tools - Link
Nirvana Insurance, an insurtech startup that uses AI and IoT to calculate risk models for trucking fleets, raised a $57M Series B led by Lightspeed - Link
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Sunny Madra joins Jason to demo an AI-enabled survey tool (1:31), ChatGPT’s multimodal UI feedback (44:58), Google generative image search (59:15), and much more! - Link
ScyllaDB, a startup building NoSQL databases for low-latency, high-throughput workloads, raised a $43M round led by Eight Roads Ventures - Link
Prove Identity (fka Payfone), a startup building a smartphone-based ID verification solution, raised $40M at a $1B+ valuation co-led by strategic investors MassMutual and Capital One - Link
Netflix will air its first live sports event, a golf tournament called "Netflix Cup," which will feature "Drive to Survive" F1 drivers facing off against "Full Swing" golfers - Link
Patreon has acquired Moment, a live-streaming platform that integrates events and ticketed experiences like podcast recordings and concerts; the acquisition will not require regulatory approval, meaning the deal was likely less than $100M - Link
This Week in Startups
E1829: AI demos: ChatGPT’s UI punch ups, Google’s generative image search, and more with Sunny Madra
Embroker - Get an extra 10% off with code TWIST
Vanta - Get $1000 off your SOC 2
Mercury Raise - Get access to a network, connections, and advice
