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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

by ssl-3 2y ago

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?

SJC_Hacker 2y ago
I've been waiting for the Silly Valley insanity to stop for about the past 15 years, but its like its been permanently stuck in 1999 mode. With a few brief hiccups like Juicera and Theranos. I guess VCs just don't have anything better to do with their money, than throw it at a wall of shit and see what sticks
- boguscoder 2y ago
  Im afraid its been 25 not 15 years since 1999 ;(
  - ncruces 2y ago
    Whoosh… that's the entire point you missed right there.
    - blobbers 2y ago
      … what was the point? I missed it too!? VCs returns looking like power law investment in the back end / mud on wall in the front end of a fund? Or that the author has been waiting for VC investment to stop? I don’t understand what he’s trying to suggest.
      - ncruces 2y ago
        The dot-com bubble? Which ballooned in the late 90s, then burst, with investment not returning to 1999 levels for about a decade (also thanks to the 2008 financial crisis). Their point is that we've been stuck in 1999 for 15 years, and not the decade before that. Disagree all you want, but “it's been 25 years since 1999, you fail at math” makes no sense as a rebuttal.
- piltdownman 2y ago
  In a ZIRP era, they'd be non-optimal to do anything else. 80 failed projects is still a +ev outcome for a VC if they hit their 100x proposition on the 81st.
teractiveodular 2y ago
Instead of old-school installing agents to run on your VMs Crowdstrike style, with all the maintenance, performance and crash-the-world risks that entails, with Wiz you can clone your EBS volumes and examine them for vulnerabilities at your leisure. It's a neat party trick, but I'm also not convinced it's worth 11 figures.
- ignoramous 2y ago
  > It's a neat party trick, but I'm also not convinced it's worth 11 figures. Depends on just how many CISOs they can sell anything to (iow, whether Gili Raanan has invested or not): https://www.theinformation.com/articles/how-a-former-sequoia-capital-partner-cornered-the-israeli-security-startup-market https://www.theinformation.com/articles/how-a-former-sequoia...
- hello_moto 2y ago
  > with Wiz you can clone your EBS volumes and examine them for vulnerabilities at your leisure. It's a neat party trick, wouldn't that constitute forensics instead of EDR? meaning that they can't catch attack immediately?

by ssl-3 2y ago

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?

SJC_Hacker 2y ago

I've been waiting for the Silly Valley insanity to stop for about the past 15 years, but its like its been permanently stuck in 1999 mode. With a few brief hiccups like Juicera and Theranos. I guess VCs just don't have anything better to do with their money, than throw it at a wall of shit and see what sticks

boguscoder 2y ago
Im afraid its been 25 not 15 years since 1999 ;(
- ncruces 2y ago
  Whoosh… that's the entire point you missed right there.
  - blobbers 2y ago
    … what was the point? I missed it too!? VCs returns looking like power law investment in the back end / mud on wall in the front end of a fund? Or that the author has been waiting for VC investment to stop? I don’t understand what he’s trying to suggest.
    - ncruces 2y ago
      The dot-com bubble? Which ballooned in the late 90s, then burst, with investment not returning to 1999 levels for about a decade (also thanks to the 2008 financial crisis). Their point is that we've been stuck in 1999 for 15 years, and not the decade before that. Disagree all you want, but “it's been 25 years since 1999, you fail at math” makes no sense as a rebuttal.
piltdownman 2y ago
In a ZIRP era, they'd be non-optimal to do anything else. 80 failed projects is still a +ev outcome for a VC if they hit their 100x proposition on the 81st.

teractiveodular 2y ago

Instead of old-school installing agents to run on your VMs Crowdstrike style, with all the maintenance, performance and crash-the-world risks that entails, with Wiz you can clone your EBS volumes and examine them for vulnerabilities at your leisure. It's a neat party trick, but I'm also not convinced it's worth 11 figures.

ignoramous 2y ago
> It's a neat party trick, but I'm also not convinced it's worth 11 figures. Depends on just how many CISOs they can sell anything to (iow, whether Gili Raanan has invested or not): https://www.theinformation.com/articles/how-a-former-sequoia-capital-partner-cornered-the-israeli-security-startup-market https://www.theinformation.com/articles/how-a-former-sequoia...
hello_moto 2y ago
> with Wiz you can clone your EBS volumes and examine them for vulnerabilities at your leisure. It's a neat party trick, wouldn't that constitute forensics instead of EDR? meaning that they can't catch attack immediately?