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Google-Wiz deal fizzles out, company will pursue IPO

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Re: Google-Wiz deal fizzles out, company will pursue IPO

#141

Post by helsinkiandrew »

ds wrote: post #7

Far more likely is Google was not willing to complete the deal and was pulling the plug after looking at internal data. Wiz, fearing the bad press of Google backing out rushes to tell journalists that THEY are walking away because they are worth more. Wiz's valuation is insane. Most people havent even heard of them. I think it was a > 60x ARR multiple on this deal. Id actually be kinda pissed if I was a google shareh…

> Far more likely is Google was not willing to complete the deal and was pulling the plug after looking at internal data

Wouldn't it be more likely that they would have lowered their offer after seeing the internal data - perhaps so much that Wiz would certainly walk away.

Re: Google-Wiz deal fizzles out, company will pursue IPO

#143

Post by yoavm »

johnpython wrote: post #108
KoftaBob wrote: post #76

Fun fact: > Wiz was founded in January 2020 by Assaf Rappaport, Yinon Costica, Roy Reznik, and Ami Luttwak, all of whom previously founded Adallom > Adallom was founded in 2012 by Assaf Rappaport, Ami Luttwak and Roy Reznik, who are former members of the Israeli Intelligence Corps’ Unit 8200 https://en.wikipedia.org/wiki/Wiz_(company)

[flagged]

what is American about them?

Re: Google-Wiz deal fizzles out, company will pursue IPO

#146

Post by n4r9 »

jwally wrote: post #142

> saying no to such humbling offers is tough Minor pet peeve: misuse of the word "humbling". A $23B offer is not humbling (on my planet at least). Humbling would be turning this offer down and then failing to get enough interest to generate an ipo.

You might be right. On the other hand, Rappaport might be humbled thinking about how fortunate circumstances and others' hard work has led to this offer. He could be thinking "gosh, I do not feel I deserve that".

Re: Google-Wiz deal fizzles out, company will pursue IPO

#147

Post by zild3d »

oceanplexian wrote: post #24
Centigonal wrote: post #13

Founded in 2020, with a $23B valuation, aiming for $1B ARR? CloudFlare is worth $26B and had ~$1.3B revenue last year. Something's fishy here.

Look at their financials, CloudFlare might be popular among the HN crowd but the stock is massively overvalued. At the end of the day they are a commodity CDN that somehow can’t run a profitable business.

cloudflare is a commodity CDN, amazon is an ecommerce site

Re: Google-Wiz deal fizzles out, company will pursue IPO

#149

Post by [deleted] »

ds wrote: post #7

Far more likely is Google was not willing to complete the deal and was pulling the plug after looking at internal data. Wiz, fearing the bad press of Google backing out rushes to tell journalists that THEY are walking away because they are worth more. Wiz's valuation is insane. Most people havent even heard of them. I think it was a > 60x ARR multiple on this deal. Id actually be kinda pissed if I was a google shareh…

[deleted]

Re: Google-Wiz deal fizzles out, company will pursue IPO

#150

Post by falcor84 »

pjc50 wrote: post #137
thriftwy wrote: post #93

Earlier quoted context omitted.

These numbers sound like a complete out of world fantasy to me. CRWD has a product that the user is not going to notice, best case. Now you said Wiz doesn't even have that one (what does it have then?) And their valuation is on par with the whole annually Western support of Ukraine. A country at war and with 30M people in it. That for some completely invisible product. It is also 17 millions of these most expensive b…

I think this is just a representation of where the money is in the world. Two things: - stocks are called stocks for a reason, they're not flows. $60bn is effectively an estimate of all future profits of the company over its lifetime - Crowdstrike generates a return by charging enterprises huge amounts of money to feel secure and tick security boxes (Actual security is questionable). Big enterprises have a lot of mon…

>stocks are called stocks for a reason, they're not flows

Indeed, and of course we have Kalecki's famous quip that economics is "the science of confusing stocks with flows"

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