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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!
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Is it etymologically related to "calculate" or is it a coincidence?
Seems to be a coincidence - the Hebrew word comes from the Bible (old testament), and means "the feeding, and generally providing of needs". The English word comes from "calculus", meaning, apparently, pebble, because original counting was done with pebbles. (I had to look both up. Thanks for asking)
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
How is this even legal? I'd think even basic conflict of interest rules between vendor and purchases would stop this.
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> 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…
> In most cases an IPO isn't worth it for founders because an IPO means you lose operational control. That's also true of an acquisition. Even more true of an acquisition, I'd say.
An IPO isn't an easy exit strategy - it takes years to become S1 ready and it takes years to sell off your equity stake if you were using an IPO only to exit.
That's why if you want operational control you fight hard to remain private as long as possible, and if you want to exit you M&A yourself. This makes IPOs only useful if you need to raise more capital than is available in the private market.
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When it comes to Google it’s not being pessimistic, it’s just being realistic.
Maybe for most of their acquisitions (but I don’t know). But they do get acquisitions right: YouTube, android, double click, Waze…
Edit: meant gmaps
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Maybe for most of their acquisitions (but I don’t know). But they do get acquisitions right: YouTube, android, double click, Waze…
The best of them all. Edit: meant gmaps
Apparently Israeli media is reporting that the price is so high that the government is requesting the founders will pay their taxes in USD and not Israeli Shekels in fear that such a large foreign exchange transaction will affect the exchange rate. ( Which is already unusually low and hurting exporters) This would be the first time taxes are paid in a different currency in Israel history. Pretty wild that it's such a…
There are multiple founders getting billions of dollars each. It's not so unreasonble to fear what could happen if daily trading volume suddenly had a significant increase from them collectively dumping billions of dollars onto the market on the same day to settle the tax bill.
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