Earlier quoted context omitted.
Shareholder in Wiz, or Crowdstrike?
Google wasn't trying to buy Crowdstrike, so Wiz
Eh, more likely OP is a shareholder of Alphabet.
Google-Wiz deal fizzles out, company will pursue IPO
271–280 of 288 posts
Re: Google-Wiz deal fizzles out, company will pursue IPO
#272Earlier quoted context omitted.
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.
Almost every real cybersecurity company in the world has ex-Unit 8200 / Mossad employees. As well as ex-NSA and other intelligence agencies.
You gotta know what you're up against to defend properly.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#273Re: Google-Wiz deal fizzles out, company will pursue IPO
#274Earlier 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"?
It's a rise about as far as a quantum leap
Re: Google-Wiz deal fizzles out, company will pursue IPO
#275Earlier quoted context omitted.
A lot of them didn't, ie, Facebook, Google, Twitter, Netflix, Snapchat. I wonder if this rejection is related to the CrowdStrike incident. Are they expecting or already experiencing a significant influx of new clients? I'm unsure if their services overlap, just curious.
tbh, Google itself rejected the acquisition.
How do you know?
Re: Google-Wiz deal fizzles out, company will pursue IPO
#276Earlier quoted context omitted.
> 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.
Yeah, I think the slight uptick was people believing it will make a full recovery and buying the stock since it's on a heavy discount.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#277Earlier quoted context omitted.
Not understanding an idiom is something you should just discuss with ChatGPT, it'll set you straight, show you the ropes, right your ship, and whatnot.
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.
> I very much doubt that.
Might want to update your priors, I put your exact comment into ChatGPT and it handled it flawlessly.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#278Israel's GDP is $500B+ . So Google's offer would bring 4%+ of one year's GDP into Israel. And these guys refused it. One can wonder what the government would think here :)
Thankfully, Israel is a free country and the government can't force you to sell.
>Thankfully, Israel is a free country and the government can't force you to sell
Not so sure about the force per se, but NSO group has been pretty much a bargaining chip in securing the support for the State from autocratic nations around the globe.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#279Earlier quoted context omitted.
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. I…
I work for a smaller player and we have solved the problem that took crowdstrike down from the get go agent will rollback to previous content version if it crashes on the content related steps. That had 0 value for marketing till now. Crowdstrike has never being at the top of the pile on efficacy of detection either so your idea that market position is even remotely related to some secret sauce is a fantasy.
Re: Google-Wiz deal fizzles out, company will pursue IPO
#280Earlier quoted context omitted.
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. I…
I work for a smaller player and we have solved the problem that took crowdstrike down from the get go agent will rollback to previous content version if it crashes on the content related steps. That had 0 value for marketing till now. Crowdstrike has never being at the top of the pile on efficacy of detection either so your idea that market position is even remotely related to some secret sauce is a fantasy.
Hang on, please don’t misread what I wrote as implying that Crowdstrike had some “secret sauce.” They suck, so much. I have been beating that drum for the better part of a decade. (My former boss founded Carbon Black, and my background is in vuln RE and exploit dev/weaponization)
I agree - them being at the top of the market implies exactly nothing about whether their product is any good or has any special moat or differentiator.
All I am saying is to beat them, you’d need something new. “The same as Crowdstrike but we use 2-stage recoverable updates” is fine, but not enough of a compelling pitch to swap vendors en masse. Not even now.
And given that it’s a pretty commoditized space (to which I think you’d agree, at least for “classic” tools), it may not be worth beating if you don’t have anything new.