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Meteorites crash & burn, honestly, what is a "meteoritic rise"?
by 6th 2y ago
Meteorites crash & burn, honestly, what is a "meteoritic rise"?
- toomuchtodo 2y agoFast enough to cash out at highly favorable and ambitious valuations while the ARR trajectory supports it. You’re selling potential, you don’t have to deliver; that’s the next team’s problem.
- ergocoder 2y agoWiz: Got to 350m ARR Hacker news: "you don't have to deliver. That's the next team's problem". Apparently 350m isn't enough to prove potential.
- toomuchtodo 2y agoIt's certainly not enough to justify a $23B valuation target, or even $12B assuming reasonable multiples in the space (average is ~15x in cyber tools and controls). Lacework went from an $8B valuation to $200M–$230M (first with Wiz attempting to acquire, and now Fortinet at the valuation I mentioned, roughly ~2x revenue, ~3x if we want to be generous). A case can be made that Wiz is a more mature platform and Lacework is a fire sale (which it is, but also not a great sign for the rest of the space), but I'll argue a lot of Wiz's revenue is likely premium pricing with current customers that can cram them down on at their next renewal cycle, and the TAM is simply only so big (with competitors being as, if not more, resourced to compete and stay ahead). You can't grow into something there isn't room to grow into. https://techcrunch.com/2024/04/18/wiz-is-in-talks-to-buy-lacework-for-150-200m-security-firm-was-last-valued-at-8-3b/ https://techcrunch.com/2024/04/18/wiz-is-in-talks-to-buy-lac... https://www.forrester.com/blogs/fortinet-acquires-lacework/ https://www.forrester.com/blogs/fortinet-acquires-lacework/
- jazzyjackson 2y agometeorites shine briefly, swiftly, and suddenly so i guess as an adverb it relates to how quickly the rise is happening and how hot/bright it burns
- 6th 2y agoNot even knowing about Wix until today, I had no idea what to make of it, I wasn't trying to be snarky with that comment. I was actually interested to know what they meant because it sounds like saying: "let's take a walk down to the top of the highest mountain".
- fkyoureadthedoc 2y agoNot 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.
- 6th 2y agoI 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.
- cactusplant7374 2y agoI have seen “meteoritic rise” many times.
- refulgentis 2y agoWell, no, not exactly :)
- kbmr 2y agoexisted prior to today https://dictionary.cambridge.org/us/dictionary/english/meteoric https://dictionary.cambridge.org/us/dictionary/english/meteo...
- bobthepanda 2y agoThe actual spelling is "meteoric rise", so that might be why.
- 6th 2y agoIt is indeed. Thank you.
- synicalx 2y ago
- sriram_malhar 2y agoThey meant to say "meteoric rise". It is a common phrase. https://dictionary.cambridge.org/dictionary/english/meteoric https://dictionary.cambridge.org/dictionary/english/meteoric
- cqqxo4zV46cp 2y agoIs this your first day or are you looking to be snarky?
- underdeserver 2y agoTo 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. https://science.nasa.gov/solar-system/meteors-meteorites/ https://science.nasa.gov/solar-system/meteors-meteorites/
- throwadobe 2y agoIt's a rise about as far as a quantum leap