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> Of course, in retrospect, Wiz had many key ingredients working in their favor: >Strong, proven founding team (Adallom founders + Microsoft Cloud Security Lea

> Of course, in retrospect, Wiz had many key ingredients working in their favor: >Strong, proven founding team (Adallom founders + Microsoft Cloud Security Leadership) Great, sticky product Solving deeply felt pain point(s) Timing (founded just as the world goes remote due to COVID-19 + cloud boom) Legendary investors + network effects (Sequoia Capital, Cyberstarts, Index Ventures etc.) Lots of early funding ($480M+ within a year of emerging from stealth ) Relentless execution Why is nearly half a billion in funding so far down on the list? That’s probably the most important factor here

LeonM 2y ago
I'd say it is actually perfect that it is last on the list. Capital alone won't make a business succeed, and more capital won't make a business necessarily better. A big investment is typically the result of doing everything right before that. They would have never been able to get that amount of capital without a very solid foundation. Capital is just a small piece of a business, it's not the hardest part by far. Capital is also relatively accessible, it's not an 'unfair' thing. There seems much unfairness sentiment nowadays where people think companies with access to lots of capital are guaranteed to succeed, like some kid with rich parents. Many seem to think that all there is between them and success is money, but in reality that's rarely the case.
- __loam 2y ago
  > Capital is also relatively accessible, it's not an 'unfair' thing. Hilariously out of touch, even for a hackernews comment.
- 999900000999 2y ago
  >There seems much unfairness sentiment nowadays where people think companies with access to lots of capital are guaranteed to succeed, like some kid with rich parents. Many seem to think that all there is between them and success is money, but in reality that's rarely the case. Yes, Rich kids tend to have better chances than poor kids. Get in any trouble, you'll have a decent lawyer. You'll attend better schools, your parents will probably buy or help you buy your first home. Need a doctor or want to see a therapist, you can do so within 24 hours. I'd even argue therapy is largely a luxury for the middle class and up- most of the time Medicare doesn't cover it at all or you have like a year waiting list. I've been evicted twice in my youth and now I've made 6 figures for a good while. Money makes things easier. You might run into issues with your friends trying to rob you, but they'll rob you when you're poor too. Likewise, a company with no funding is basically an idea. Might be a good idea, might be a God awful one.
skrebbel 2y ago
Funding doesn't cause growth. If anything, funding causes Juiceros and Magic Leaps. Growth, however, can definitely cause funding and that's what happened with Wiz I think.

LeonM 2y ago

I'd say it is actually perfect that it is last on the list. Capital alone won't make a business succeed, and more capital won't make a business necessarily better. A big investment is typically the result of doing everything right before that. They would have never been able to get that amount of capital without a very solid foundation. Capital is just a small piece of a business, it's not the hardest part by far. Capital is also relatively accessible, it's not an 'unfair' thing. There seems much unfairness sentiment nowadays where people think companies with access to lots of capital are guaranteed to succeed, like some kid with rich parents. Many seem to think that all there is between them and success is money, but in reality that's rarely the case.

__loam 2y ago
> Capital is also relatively accessible, it's not an 'unfair' thing. Hilariously out of touch, even for a hackernews comment.
999900000999 2y ago
>There seems much unfairness sentiment nowadays where people think companies with access to lots of capital are guaranteed to succeed, like some kid with rich parents. Many seem to think that all there is between them and success is money, but in reality that's rarely the case. Yes, Rich kids tend to have better chances than poor kids. Get in any trouble, you'll have a decent lawyer. You'll attend better schools, your parents will probably buy or help you buy your first home. Need a doctor or want to see a therapist, you can do so within 24 hours. I'd even argue therapy is largely a luxury for the middle class and up- most of the time Medicare doesn't cover it at all or you have like a year waiting list. I've been evicted twice in my youth and now I've made 6 figures for a good while. Money makes things easier. You might run into issues with your friends trying to rob you, but they'll rob you when you're poor too. Likewise, a company with no funding is basically an idea. Might be a good idea, might be a God awful one.

skrebbel 2y ago

Funding doesn't cause growth. If anything, funding causes Juiceros and Magic Leaps. Growth, however, can definitely cause funding and that's what happened with Wiz I think.