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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

#191

Post by bombcar »

ykonstant wrote: post #190
RandomThoughts3 wrote: post #175

Earlier quoted context omitted.

AD is incredibly more popular than Kerberos despite part of it using the protocole. Microsoft is everywhere in the corporate world and most people know of AD but have never heard of neither LDAP nor Kerberos. And to be honest, it's fairly understandable. AD manages to be somewhat turnkey while doing the same thing on Linux systems is a major pain.

What is the usual way of doing this on Linux systems?

Every time I've ventured into it I ended up using Samba to pretend to be Active Directory vs LDAP + Kerberos ...

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

#194

Post by osrec »

paxys wrote: post #186
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.

So they have similar valuation and ARR as Cloudflare. What is fishy?

Cloud flare has it, they are aiming for it. Definite income vs possible income cannot be priced in the same way, assuming the CF valuation is justified.

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

#195

Post by borski »

qaq wrote: post #185
borski wrote: post #178

Earlier quoted context omitted.

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)

There were quite a few of those when CrowdStrike entered there is always room there.

You’re trying to prove a point with no point. Yes, anyone can build anything. There is always room for more contenders when there are existing incumbents. The sky is still blue, and the grass is still green.

But it would make no sense for Wiz to do that, as they don’t have any “secret sauce” as it comes to endpoint security. They haven’t solved the problems that took Crowdstrike down.

It is not in their wheelhouse. It would be a waste of money and time.

Could they? Sure. Should they? Definitely not. It’s a commoditized space at this point, unless they have some new ideas which, if they did, they’d have already begun discussing.

Carbon Black did well because it turned endpoint security on its head. Not because it was a “better AV”

My $.02

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

#196

Post by borski »

qaq wrote: post #166
toomuchtodo wrote: post #165

Earlier quoted context omitted.

They’d be competing with Crowdstrike, SentinelOne, Microsoft Defender, and Trend Micro not to mention existing CNAPP/CSPM offerings that have an agent for cloud runtime security as well as other cloud runtime security focused startups. Adding a runtime security and EDR offering is not going to get them to a $23B valuation.

Sure and many others but outside of CrowdStrike most are not very competitive and being a fresh entry has it's benefits.

“Fresh” is the key word. You need to have fresh ideas, and I am certain Wiz doesn’t, as it relates to endpoint security.

I agree Crowdstrike sucks. I’ve been beating that drum for the better part of a decade.

Building a “new crowdstrike” by a different name won’t win.

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

#197

Post by xmprt »

danpalmer wrote: post #87
generic92034 wrote: post #75

Earlier quoted context omitted.

> a bunch of people doing due diligence on an acquisition I bet those people rarely get promoted for preventing an acquisition, though. Probably that is why we see so many crazy acquisitions, in general.

At the SVP level, sure, but at the IC level, I doubt any accountant gets promoted for saying "looks fine", whereas highlighting details that superiors can use to make a decision like this might be something that gets you promoted. This is a misunderstanding I think many non-googlers have, thinking people only get promoted for launches (or in this case acquisitions). It's more nuanced than that: people get promoted fo…

I think the argument is that it's much easier to show impact when you go with the flow and launch a product or complete an acquisition no matter how shitty. It's a lot harder to get promoted for saying that you need to delay launch by 6 months because of some metrics or details even if that would eventually prove to be the right decision.

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

#198

Post by underdeserver »

trhway wrote: post #136
underdeserver wrote: post #125

Earlier quoted context omitted.

Thankfully, Israel is a free country and the government can't force you to sell.

Not necessarily force. Government can do a lot toward either direction - facilitating or blocking a deal. And when somebody comes with a boatload of money noticeable on the scale of your GDP, the government would hardly stay neutral. Just look at all the circus around Foxconn in Wisconsin for example and that is much smaller scale wrt. US GDP.

Well, seems they did stay neutral. To be fair the Israeli government is somewhat preoccupied right now.

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

#199

Post by DowagerDave »

paxys wrote: post #186
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.

So they have similar valuation and ARR as Cloudflare. What is fishy?

Wiz hit 100M in mid 2021 and 350M ARR last year; now they're going to automagically get that to a Billion in a much tougher climate?

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

#200

Post by DowagerDave »

J_Shelby_J wrote: post #78
dilyevsky wrote: post #54

Earlier quoted context omitted.

I did look at their financials - 77% gross margin with 30% revenue growth. Much higher than “commodity cdn” can command. If they cut marketing and r&d they’d be bagging half a b a year in profit but they are investing in growth as they should because it’s working

Cloud flare will still be the internet in ten years, while Amazon will just be Walmart,

WalMart has a market cap of almost 600 Billion dollars. Weird dis.
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