Google-Wiz deal fizzles out, company will pursue IPO

Post by xenospn » Tue, Jul 23, 2024, 4:34 PM UTC

exikyut wrote: post #64

ilrwbwrkhv wrote: post #51

Earlier quoted context omitted.

Yup the world is big and even though we think we have heard stuff, there are more things beyond that. For example, I know a dev who makes mobile apps and clears 500_000 / month in profit and yet their app isn't really "popular". It is crazy.

Huh, cool. What sector is the app in, what are some other interesting (non-identifying) aspects of the app that stand in contrast to revenue? Is that in ads, or does the app have in-app purchases et al?

Post by rurban » Tue, Jul 23, 2024, 5:16 PM UTC

nikanj wrote: post #151

glandium wrote: post #144

I was like "how the f* is a website builder possibly worth $23B" and then I realized Wiz is not Wix. And then I realized Wix has a market capitalization of $9B, and I'm still WTF.

Wix has over $1.5B annual recurring revenue, so a market cap of $9B makes sense. You and I might not use them, but it is a real business, not just a hype bubble.

Post by qaq » Tue, Jul 23, 2024, 6:08 PM UTC

borski wrote: post #178

qaq wrote: post #162

Earlier quoted context omitted.

They certainly have resources to expand into that if needed

It is an entirely different problem with almost nothing in common with their existing product, and there are a ton of incumbents, some of whom are even quite good (Carbon Black, SentinelOne, etc)

Post by krembo » Tue, Jul 23, 2024, 7:20 PM UTC

glandium wrote: post #144

I was like "how the f* is a website builder possibly worth $23B" and then I realized Wiz is not Wix. And then I realized Wix has a market capitalization of $9B, and I'm still WTF.

Post by krembo » Tue, Jul 23, 2024, 7:24 PM UTC

resist_futility wrote: post #47

>Wiz’s founders previously built security startup Adallom, raised money from Sequoia and Index and sold the startup to Microsoft for $320 million in 2015. Copy, Paste and ask for 70 times more?