Cloud security company providing agentless visibility and risk management across multi-cloud environments.wiz.io ↗
3 takes · first discussed Jul 19, 2024 · last Jul 26, 2024
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
Chamath is bullish on Wiz's market position, arguing that cloud security is a critical and massive market because cloud vendors cannot grow without securing customer workloads, justifying Google's premium acquisition price.
Sacks argues that at ~50% projected growth to $1B ARR, Google's $23B offer may be reasonable, and Wiz is right to pursue standalone upside as a potentially large independent company.
Friedberg argues Wiz could reach Palo Alto Networks-level $100B market cap if it maintains momentum, making the decision to reject Google's $23B offer potentially justified given limited downside.
All three hosts are bullish on Wiz, though their focus differs slightly. Chamath emphasizes the structural importance of cloud security — arguing that cloud vendors' own growth depends on it — to justify Google's willingness to pay a $23B premium. Sacks and Friedberg both support Wiz's decision to reject that offer and pursue independence: Sacks points to ~50% projected growth toward $1B ARR as evidence the standalone upside could match or exceed the acquisition price, while Friedberg goes further, suggesting Wiz could reach a Palo Alto Networks-scale $100B market cap, making the downside of walking away from Google relatively limited. There is no meaningful disagreement among the hosts — all three view Wiz as operating in a critical, high-growth market with a credible path to outsized independent value.
Chamath is bullish on Wiz's market position, arguing that cloud security is a critical and massive market because cloud vendors cannot grow without securing customer workloads, justifying Google's premium acquisition price.
in the absence of cloud security, these cloud vendors are going to be constrained in how fast they can grow. So what an incredible market. What an incredible, incredible market.”1:08:55
Sacks argues that at ~50% projected growth to $1B ARR, Google's $23B offer may be reasonable, and Wiz is right to pursue standalone upside as a potentially large independent company.
if Wiz is growing at 100%... they're projecting a billion in ARR next year up from roughly 500. The 23 may be reasonable. So I can see why these guys would just want to go for it if they think they're building a big standalone company.”9:03
Friedberg argues Wiz could reach Palo Alto Networks-level $100B market cap if it maintains momentum, making the decision to reject Google's $23B offer potentially justified given limited downside.
if Wizz continues to grow at this rate, it's conceivable they could be in the range of a Palo Alto Networks $100 billion market cap in a couple of years... There's not a lot of downside from this offer and certainly seems to be quite a bit”11:54