Google SecOps (Chronicle) is becoming quite popular among the cybersec world. I think eventually there should be an integration play. It is also a way to create wedge into AWS and Azure customers.
Google is a public company so in some way they have gone public.
I wish people would remember the stock markets were invented for companies to raise funds, not for the private investors to cash out. The public should be allowed to invest in new companies, not just the rich.
> Two security executives told Forbes they rejected overtures from Raanan’s team after hearing about the firm’s “menu” of compensation. “I was completely aghast. It was against my principles,” one said.
The interesting part is that Wiz built its success largely on being cloud-agnostic. If Google keeps it that way, it becomes a strategic window into AWS and Azure workloads.
If they don’t, they risk destroying the very advantage that made Wiz valuable in the first place.
No reactions beside: monopolies are bad for innovation and why we cannot have nice things. You might hear some people say "but these big companies innovate". They were mostly done innovating two decades ago, now they just snuff out innovation and acquisition is one of their main tools.
Interesting fact regarding the sale. Because the founders are about to receive $2.4B US, Israeli tax authorities got involved, and the tax on the sale as an exception will be paid in US dollars directly without converting to shekels due to concerns it might crash the US/NIS exchange rate (with $US already historically low).
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[ 1295 ms ] story [ 1544 ms ] threadIt's a pity going public isn't worth it anymore.
I wish people would remember the stock markets were invented for companies to raise funds, not for the private investors to cash out. The public should be allowed to invest in new companies, not just the rich.
[0]: https://news.ycombinator.com/item?id=43398518
Here's my full thread on it: https://x.com/paulbiggar/status/1902329587050148068
https://www.forbes.com/sites/iainmartin/2024/10/28/this-vc-b...
> Two security executives told Forbes they rejected overtures from Raanan’s team after hearing about the firm’s “menu” of compensation. “I was completely aghast. It was against my principles,” one said.
If they don’t, they risk destroying the very advantage that made Wiz valuable in the first place.
But it was subject to regulatory approval, that's been completed now.
[0] https://news.ycombinator.com/item?id=43399077
[1] https://news.ycombinator.com/item?id=41092039
Sort of like Wix... Wix also an Israeli company with an odd sounding name (although better then Wiz).