Valuations have always been more about potential than about current state in startup world.
Wiz is 4 years old and already at $350M ARR, that's a meteoritic rise.
Not 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.
I 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.
Indeed even gpt-3.5-turbo recognizes the typo and gives a proper explanation. Can't wait until everyone has an LLM baked into their device that makes submitting stupid content a two step verification.
Fast 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.
It'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.
To 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.
I did mean Wiz. I guess my brain just substituted that. I guess I'm at least familiar with the Wix name in that I saw ads all over the net ~a decade ago?
