Well realistically if they have a chance to take on Crowdstrike they might not be wrong to walk away.
If anyone is going after CRWD it'll be one of their other competitors.
And their valuation is on par with the whole annually Western support of Ukraine. A country at war and with 30M people in it. That for some completely invisible product.
It is also 17 millions of these most expensive brand new 155m artillery shells.
- stocks are called stocks for a reason, they're not flows. $60bn is effectively an estimate of all future profits of the company over its lifetime
- Crowdstrike generates a return by charging enterprises huge amounts of money to feel secure and tick security boxes (Actual security is questionable). Big enterprises have a lot of money to waste, but they feel they're getting a return on it
- hardly anyone outside Ukraine gets a specific return from backing Ukraine. The same goes for all sorts of other worthy projects of the "end world hunger" kind - there's huge benefits, but not to the people actually spending the money.
Indeed, and of course we have Kalecki's famous quip that economics is "the science of confusing stocks with flows"
> If USD lost the status of world's reserve currency it would have pretty catastrophic consequences for US economy
.. but for everyone at once. Collective action problem. You've argued why it's in the interest of the US government to tax people and send shells to Ukraine, but this is not an argument for Blackrock to divert VC funding to individual armored brigades.
Wiz does cloud security. The same thing as Crowdstrike, but runs in your cloud environment (AWS/GCP/Azure) to detect issues there.
Different customers, different profiles, different costs and prices.
At the very least I would expect to see a 5 billion market cap, and if their growth rate is good (4 year old company, seems to be) it should be higher than that
https://www.wsj.com/tech/how-startup-wiz-went-from-zero-to-a...
https://www.crowdstrike.com/platform/cloud-security/cwpp/
That BSOD also impacting instances of Windows in AWS, Azure, and GCP.
But it would make no sense for Wiz to do that, as they don’t have any “secret sauce” as it comes to endpoint security. They haven’t solved the problems that took Crowdstrike down.
It is not in their wheelhouse. It would be a waste of money and time.
Could they? Sure. Should they? Definitely not. It’s a commoditized space at this point, unless they have some new ideas which, if they did, they’d have already begun discussing.
Carbon Black did well because it turned endpoint security on its head. Not because it was a “better AV”
My $.02
I agree - them being at the top of the market implies exactly nothing about whether their product is any good or has any special moat or differentiator.
All I am saying is to beat them, you’d need something new. “The same as Crowdstrike but we use 2-stage recoverable updates” is fine, but not enough of a compelling pitch to swap vendors en masse. Not even now.
And given that it’s a pretty commoditized space (to which I think you’d agree, at least for “classic” tools), it may not be worth beating if you don’t have anything new.
Adding a runtime security and EDR offering is not going to get them to a $23B valuation.
I agree Crowdstrike sucks. I’ve been beating that drum for the better part of a decade.
Building a “new crowdstrike” by a different name won’t win.
I just mean that if you want to own the market, you will not be able to do that unless you provide something fresh, and it will be a race to the bottom otherwise, in the long run. The same as dynamic web app scanning is today.
At Wiz's valuation, if they were to enter that space, they couldn't be 'just another player.' They'd have to own the space. And I don't think they can do that purely through marketing, as others are already much more entrenched.