61–70 of 288 posts
I feel like I am uninformed. Can someone provide some background? Who in the fuck is Wiz, and why in the fuck might anyone think that they're worth 11 figures?
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…
Wouldn't they be giving up a huge breakup fee if that were the case?
Sometimes it's not about the money, it's actually about systems security and the level of which you actually want to build, deploy, and protect great products and infrastructure. 23 billion is a LOT of money. Looking forward to see how the IPO plays out.
> Sometimes it's not about the money it's always about the money.
Earlier quoted context omitted.
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.
Yup the world is big and even though we think we have heard stuff, there are more things beyond that. For example, I know a dev who makes mobile apps and clears 500_000 / month in profit and yet their app isn't really "popular". It is crazy.
What sector is the app in, what are some other interesting (non-identifying) aspects of the app that stand in contrast to revenue? Is that in ads, or does the app have in-app purchases et al?
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…
Earlier quoted context omitted.
> It surprises me that, a $23B offer is rejected from the perspective of Employees HA! Who asked them? I've never seen a startup ask the employees whether to take an acquisition offer.
Yep. I'm pretty sure just the C suite made this decision unilaterally.
23B is a staggering number for a 4 year old cyber security startup with 900 employees
23B is a staggering number for a 4 year old cyber security startup with 900 employees
As with most things in tech, time served is pretty much irrelevant. If you do something valuable fast you can build a lot of value quickly.
After the acquisition, I think Wiz would have to only focus on Google Cloud which might be a major limiting factor in the company's future. But other than that, It surprises me that, a $23B offer is rejected from the perspective of Employees. IPO won't provide the same level of liquidity opportunities. I have used Octa and it's a decent platform, not a magical one. Creating a similar platform for Google Cloud should…
Cause their founders are already Billionaires. Can you imagine Billionaires reporting to the average corporate robot at large corp?
That's fast... Is that 18 months after launch or literally 18 months after starting development?