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Google closes deal to acquire Wiz

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Re: Google closes deal to acquire Wiz

#151

Post by alephnerd »

globular-toast wrote: post #122
seanieb wrote: post #24

Congrats to to the Wiz team. Wiz is amazing. But, ugh, joining Google will result in less competition and all that entails. Not great for customers. It's a pity going public isn't worth it anymore.

Google is a public company so in some way they have gone public. I wish people would remember the stock markets were invented for companies to raise funds, not for the private investors to cash out. The public should be allowed to invest in new companies, not just the rich.

> The public should be allowed to invest in new companies, not just the rich.

Most funds lose money on early stage investing.

Allowing non-accredited investors to enter the privete capital is great for experienced investors like me because we can offload assets to less discerning and less experienced casual investors, but this is truly risky for the vast majority of individuals.

Hell, even in my own personal portfolio I stick with ETFs and call it a day because returns are good enough without active risk management.

> so in some way they have gone public

M&A is not an IPO. By that standard any acquisition by Crowdstrike or PANW is an "IPO".

Re: Google closes deal to acquire Wiz

#152

Post by cubicmeter »

Apofis wrote: post #147
cbHXBY1D wrote: post #135

FYI, Wiz investor and current Wiz board member Gili Raanan, head of Israeli VC Cyberstarts, has been (credibly) accused of paying bribes to major CISOs for buying software from their portfolio companies like Wiz. Calcalist did a deep investigation into it: https://www.calcalistech.com/ctechnews/article/b1a1jn00hc

Too late now!

:)

Re: Google closes deal to acquire Wiz

#153

Post by holdomanoovr »

lkjdsklf wrote: post #87
ToucanLoucan wrote: post #78

Earlier quoted context omitted.

Maybe we should examine as an industry why so many mediocre men get elevated to positions of incredible power and run great businesses into the ground.

The same way mediocre men have been elevated for thousands of years. A combination of being in the right place at the right time and connections to people with money

[dead]

Re: Google closes deal to acquire Wiz

#154

Post by love2read »

cbHXBY1D wrote: post #135

FYI, Wiz investor and current Wiz board member Gili Raanan, head of Israeli VC Cyberstarts, has been (credibly) accused of paying bribes to major CISOs for buying software from their portfolio companies like Wiz. Calcalist did a deep investigation into it: https://www.calcalistech.com/ctechnews/article/b1a1jn00hc

[flagged]

Re: Google closes deal to acquire Wiz

#155

Post by love2read »

myth_drannon wrote: post #89

Interesting fact regarding the sale. Because the founders are about to receive $2.4B US, Israeli tax authorities got involved, and the tax on the sale as an exception will be paid in US dollars directly without converting to shekels due to concerns it might crash the US/NIS exchange rate (with $US already historically low).

Interesting, where did you hear about this?

Re: Google closes deal to acquire Wiz

#156

Post by love2read »

femiagbabiaka wrote: post #79
alephnerd wrote: post #41

Earlier quoted context omitted.

> It's a pity going public isn't worth it anymore. Israeli VCs tend to be uninterested in IPOs in general - too much of an operational headache and it's difficult to exit a position quickly. In most cases an IPO isn't worth it for founders because an IPO means you lose operational control. It's basically the "Rich versus Kings" dichotomy [0]. Edit: can't reply > you can control the share allocations going into an IPO…

> Israeli VCs tend to be uninterested in IPOs in general - too much of an operational headache and it's difficult to exit a position quickly. Interesting, why is this more true of Israeli VC's as opposed to VC's in other markets?

I would assume VC's are dominantly US-based, and US-based VC's tend to be able to weather the landscape of American markets better than foreigners.

Re: Google closes deal to acquire Wiz

#157

Post by alephnerd »

love2read wrote: post #156
femiagbabiaka wrote: post #79

Earlier quoted context omitted.

> Israeli VCs tend to be uninterested in IPOs in general - too much of an operational headache and it's difficult to exit a position quickly. Interesting, why is this more true of Israeli VC's as opposed to VC's in other markets?

I would assume VC's are dominantly US-based, and US-based VC's tend to be able to weather the landscape of American markets better than foreigners.

Partially. The issue is capital - even Wiz largely raised thanks to Sequoia, Insight Partners, and Index Ventures. American funds are much larger and are able to finance later stage rounds. Most Israeli VC funds end up financing earlier rounds and can't neccesarily participate in later rounds and thus have an incentive to exit earlier.

Re: Google closes deal to acquire Wiz

#158

Post by supsep2 »

love2read wrote: post #154
cbHXBY1D wrote: post #135

FYI, Wiz investor and current Wiz board member Gili Raanan, head of Israeli VC Cyberstarts, has been (credibly) accused of paying bribes to major CISOs for buying software from their portfolio companies like Wiz. Calcalist did a deep investigation into it: https://www.calcalistech.com/ctechnews/article/b1a1jn00hc

[flagged]

Mostly due to genocide
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