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> Some nobody company That was the fastest to $100m ARR in history > Some nobody company That was a Decacorn ~3yrs after its founding > Some nobody company

> Some nobody company That was the fastest to $100m ARR in history > Some nobody company That was a Decacorn ~3yrs after its founding > Some nobody company With ~half of the Fortune 100 as paying customers. I get it - most people here aren’t in cybersecurity, nor do they understand the space, but let me put it this way - if you are looking for the top 5 cybersecurity companies by mindshare of people in the industry, Wiz is in the conversation.

0x500x79 2y ago
Agree with most of your points, the one correction (that I think is important) is that they were the fastest from 1M ARR - 100M ARR. Not a straight fastest to 100M.
rexreed 2y ago
It doesn't hurt to be brib...incentivizing the F1000 CISOs (not my words, see article) : https://www.calcalistech.com/ctechnews/article/b1a1jn00hc https://www.calcalistech.com/ctechnews/article/b1a1jn00hc "The first sales come from the loyal CISOs who work with the fund. Although it may be considered "small money", the jumps between the first stages of fundraising are the most difficult. “Until a ‘regular’ startup company reaches sales of $2-10 million it grinds itself to a pulp, but with Gili Ra'anan, this happens in the first year of sales. He creates a mechanism that is difficult to compete against because his companies immediately jump to a valuation of $100-200 million, raise more money, and then also have more resources to compete later,” a partner in an Israeli venture capital fund tells Calcalist. “With a seemingly small purchase of $100,000-$200,000, a CISO increases a startup's value by dozens of times.”" ... "I recruited a new CISO for a financial organization that I managed out of a desire to refresh the cyber defense system. I gave him a free hand because I trusted him and I see this position as a position of trust. Six months later, I noticed that, surprisingly, almost all of the new logos that the CISO introduced were portfolio companies of Cyberstarts [Of which Wiz is their most notable]," describes a former senior executive at a large financial institution in the U.S. "It's not that these were necessarily bad solutions, but that some of them were a very low priority for us or solved problems that were not particularly urgent. After I confronted the CISO on the subject, he admitted that he is on the list of advisers of Cyberstarts and receives a percentage of the funds from them. Shortly after this, he left the company and immediately upon the appointment of a new CISO, I asked him to inform me if he was contacted by Cyberstarts. Within a few weeks, he had already received an email from them with a description of their kind of 'loyalty program' that details exactly what he will receive the more he works with the fund."

0x500x79 2y ago

Agree with most of your points, the one correction (that I think is important) is that they were the fastest from 1M ARR - 100M ARR. Not a straight fastest to 100M.

rexreed 2y ago

It doesn't hurt to be brib...incentivizing the F1000 CISOs (not my words, see article) : https://www.calcalistech.com/ctechnews/article/b1a1jn00hc https://www.calcalistech.com/ctechnews/article/b1a1jn00hc "The first sales come from the loyal CISOs who work with the fund. Although it may be considered "small money", the jumps between the first stages of fundraising are the most difficult. “Until a ‘regular’ startup company reaches sales of $2-10 million it grinds itself to a pulp, but with Gili Ra'anan, this happens in the first year of sales. He creates a mechanism that is difficult to compete against because his companies immediately jump to a valuation of $100-200 million, raise more money, and then also have more resources to compete later,” a partner in an Israeli venture capital fund tells Calcalist. “With a seemingly small purchase of $100,000-$200,000, a CISO increases a startup's value by dozens of times.”" ... "I recruited a new CISO for a financial organization that I managed out of a desire to refresh the cyber defense system. I gave him a free hand because I trusted him and I see this position as a position of trust. Six months later, I noticed that, surprisingly, almost all of the new logos that the CISO introduced were portfolio companies of Cyberstarts [Of which Wiz is their most notable]," describes a former senior executive at a large financial institution in the U.S. "It's not that these were necessarily bad solutions, but that some of them were a very low priority for us or solved problems that were not particularly urgent. After I confronted the CISO on the subject, he admitted that he is on the list of advisers of Cyberstarts and receives a percentage of the funds from them. Shortly after this, he left the company and immediately upon the appointment of a new CISO, I asked him to inform me if he was contacted by Cyberstarts. Within a few weeks, he had already received an email from them with a description of their kind of 'loyalty program' that details exactly what he will receive the more he works with the fund."