Earlier quoted context omitted.
Because they have so many using their cdn functionality they can upsell them on other products such as domain registration, video streaming, s3, etc
Cloudflare makes no money on domain registration.
Yet.
Google-Wiz deal fizzles out, company will pursue IPO
261–270 of 288 posts
Re: Google-Wiz deal fizzles out, company will pursue IPO
#262Earlier 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"?
They meant to say "meteoric rise".
It is a common phrase.
https://dictionary.cambridge.org/dictionary/english/meteoric
Re: Google-Wiz deal fizzles out, company will pursue IPO
#263Most likely reason is FTC. Wiz integrates with big 4 cloud providers. No way FTC is allowing Google to take control. JD Vance's nomination and support for current FTC chair(Lina Khan) doesn't help. Current FTC is good(personal opinion) from anti trust point of view but maybe bad for startup exits[0]. [0] https://x.com/ID_AA_Carmack/status/1812978264484552987
Wiz has tons of competitors, and Microsoft is one of them, so are Palo Alto Networks, Tenable, Crowstrike, SentinelOne, etc... Wiz is definately a leader but are in no way a monopoly, so I do not see this as an FTC play to stop the deal.
I think the antitrust argument is more about preventing Big tech from getting even bigger rather than directly related to Wiz.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#264Earlier 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"?
Is this your first day or are you looking to be snarky?
Re: Google-Wiz deal fizzles out, company will pursue IPO
#265Earlier 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?
OpenLDAP and SSSD via PAM. It’s - well - let’s leave it at not very nice to put in place. It does the job once there however.
I am fairly convinced that Redhat, Novel and Oracle probably have a nice interface on top of it all to make it manageable and therefore have a vested interested in keeping it as awful as possible for the rest of the world.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#266Earlier quoted context omitted.
I very much doubt that. This as a phase doesn't even seem to exist online till today, even much less as an idiom, telling me the equivalent of "just google" for someone specific's thinking is entirely unhelpful. I wasn't interested in what ChatGPT can hallucinate or even output. I was after Voloskaya's context, Voloskaya would be the one to provide this insight, which is who I chose to ask for that.
Genuinely asking here; have you really never heard the phrase "meteoric rise" before?
Yes, all the time. It is a common idiom, especially in history books.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#267Earlier quoted context omitted.
> Can someone explain to me how a young security company with few employees can be worth millions? I assume you meant to say billions, since this is a $23B offer they turned down. If I had to positive spin on the valuation: it's chump change if Wiz (who seem to be a very capable cybersecurity firm) are able to integrate themselves deeply into Google's infrastructure and secure it up the wazoo, since a 5% cost to Goog…
> cf. Crowdstrike's share price after some bad news: they are down 30% over the last five days. The stock is recovering. Traders have short memory. By the end of the year, it'll probably be $400 unless there's a huge class action against them that starts looking really bad for them.
I had a quick look and it seems to have recovered nominally today - 2% at most. If you look at the 5D and 30D view it seems to have taken a beating and is now flat.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#268Founded 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.
Their last raise was two months ago at a valuation of $12bn. Google was offering a premium to take them off the market. https://techcrunch.com/2024/05/07/wiz-raises-1b-at-12b-valua...
Likely offering a very large premium to offset the risk of antitrust holding up the deal.
The Activision-Blizzard sale was at a premium of around 60% from stock price ($56 per share trading the day before the announcement, compared to $95 per share offer). Wiz was offered a premium of almost 100% on latest valuation.
Both Wiz and Google know that the FTC will hold up the deal, and in that time, Wiz has to convince customers not to jump ship (Google will likely not support AWS forever), and risk that the deal falls through - in which case they've gone a year without momentum.
If they really believe they can make a strong IPO, and keep growing past IPO, their decision makes a lot of sense.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#269Earlier quoted context omitted.
I very much doubt that. This as a phase doesn't even seem to exist online till today, even much less as an idiom, telling me the equivalent of "just google" for someone specific's thinking is entirely unhelpful. I wasn't interested in what ChatGPT can hallucinate or even output. I was after Voloskaya's context, Voloskaya would be the one to provide this insight, which is who I chose to ask for that.
Genuinely asking here; have you really never heard the phrase "meteoric rise" before?
It's easy to miss the difference between "meteoric rise" and the OP's typo, "meteoritic rise".
Re: Google-Wiz deal fizzles out, company will pursue IPO
#270Earlier 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"?
To be fair, the difference between meteorites and meteors is that meteors burn and die BEFORE they crash, according to NASA. So not much better. The idiom is still a thing though.