221–230 of 288 posts
How much value do companies get out of these "enterprise security" companies? I've always thought they were the modern equivalent to commercial virus scanners that come with Windows.
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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.
Because they have so many using their cdn functionality they can upsell them on other products such as domain registration, video streaming, s3, etc
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.
Valuations have always been more about potential than about current state in startup world. Wiz is 4 years old and already at $350M ARR, that's a meteoritic rise.
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Valuations have always been more about potential than about current state in startup world. Wiz is 4 years old and already at $350M ARR, that's a meteoritic rise.
Meteorites crash & burn, honestly, what is a "meteoritic rise"?
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…
Add me to the haven't heard of them list. Mind you I almost hadn't heard of Crowdstrike and they managed to brick the world.
23B is a staggering number for a 4 year old cyber security startup with 900 employees
That's 800 employees too much. The reason why tech sucks these days is because everyone over hires and empire builds.
Earlier quoted context omitted.
Valuations have always been more about potential than about current state in startup world. Wiz is 4 years old and already at $350M ARR, that's a meteoritic rise.
Meteorites crash & burn, honestly, what is a "meteoritic rise"?
so i guess as an adverb it relates to how quickly the rise is happening and how hot/bright it burns
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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.
My non-IT wife is using wix for her homepage. She loves it, I never heard of it before. 9B sounds okish. But wiz? There are reading like Mossad/Unit 8200. And who wants to have them in their backend? Worse than Cloudstrike, which sounds like CIA to me.