4 ms·

It took some serious nerve for Wiz to walk away from Google's $23B offer

22 points by uladzislau 2y ago

behringer 2y ago
I think owners are taking notice that Google will tank their business and instead are just continuing to work on growing it themselves.
- not_your_vase 2y ago
  > Let me cut to the chase: our next milestones are $1 billion in ARR and an IPO. Apparently they are about to cash out anyway, and they are only haggling about the price. After IPO the service can tank also: it doesn't matter if Google makes it so, or the general assembly, where the CEO is ousted with a golden parachute.
pm90 2y ago
To me this is a good sign: we should disincentivize bigtech gobbling up any competitors. Instead of being supported only on GCP we will see the product supported/adopted on several platforms!
kingofheroes 2y ago
Good on them. This decision proves they legitimately care about their business and want to see it succeed. I hope others follow their example and realize that selling to Big Tech shouldn't be the default answer.
more_corn 2y ago
Something about this sounds fishy to me.
- erikpukinskis 2y ago
  Ya… according to the article we don’t even know for sure that Google offered that amount. It says the number could’ve been lower, or Google could have found something in due diligence that caused them to back out… To me this reads like “Wiz wants us to think it walked away from a $23B offer from Google”. That said there’s a ton of money in this space, so it could be true.
Atotalnoob 2y ago
Or google was going to walk away from wiz and wiz got ahead of them
- dsq 2y ago
  Thank you for statimg this obvious possibility. Noone wants to be one who got dumped.
blackeyeblitzar 2y ago
We need a way to keep mega corps from just abusing their monopoly positions or their size to keep growing without any effort or risk. Something about Google or others swallowing up $20 billion dollar companies feels wrong in how it distorts competition in our economy.
ChrisArchitect 2y ago
More discussion: Google-Wiz deal fizzles out, company will pursue IPO https://news.ycombinator.com/item?id=41042034 https://news.ycombinator.com/item?id=41042034

22 points by uladzislau 2y ago

I think owners are taking notice that Google will tank their business and instead are just continuing to work on growing it themselves.

not_your_vase 2y ago
> Let me cut to the chase: our next milestones are $1 billion in ARR and an IPO. Apparently they are about to cash out anyway, and they are only haggling about the price. After IPO the service can tank also: it doesn't matter if Google makes it so, or the general assembly, where the CEO is ousted with a golden parachute.

pm90 2y ago

To me this is a good sign: we should disincentivize bigtech gobbling up any competitors. Instead of being supported only on GCP we will see the product supported/adopted on several platforms!

kingofheroes 2y ago

Good on them. This decision proves they legitimately care about their business and want to see it succeed. I hope others follow their example and realize that selling to Big Tech shouldn't be the default answer.

more_corn 2y ago

Something about this sounds fishy to me.

erikpukinskis 2y ago
Ya… according to the article we don’t even know for sure that Google offered that amount. It says the number could’ve been lower, or Google could have found something in due diligence that caused them to back out… To me this reads like “Wiz wants us to think it walked away from a $23B offer from Google”. That said there’s a ton of money in this space, so it could be true.

Atotalnoob 2y ago

Or google was going to walk away from wiz and wiz got ahead of them

dsq 2y ago
Thank you for statimg this obvious possibility. Noone wants to be one who got dumped.

blackeyeblitzar 2y ago

We need a way to keep mega corps from just abusing their monopoly positions or their size to keep growing without any effort or risk. Something about Google or others swallowing up $20 billion dollar companies feels wrong in how it distorts competition in our economy.

ChrisArchitect 2y ago

More discussion: Google-Wiz deal fizzles out, company will pursue IPO https://news.ycombinator.com/item?id=41042034 https://news.ycombinator.com/item?id=41042034