On: Google-Wiz deal fizzles out, company will pursue I...

[immortal3]

After the acquisition, I think Wiz would have to only focus on Google Cloud which might be a major limiting factor in the company's future. But other than that, It surprises me that, a $23B offer is rejected from the perspective of Employees. IPO won't provide the same level of liquidity opportunities.

I have used Octa and it's a decent platform, not a magical one. Creating a similar platform for Google Cloud should be feasible with the level of Google resources.

[dmitrygr → immortal3]

> It surprises me that, a $23B offer is rejected from the perspective of Employees

HA! Who asked them? I've never seen a startup ask the employees whether to take an acquisition offer.

[satvikpendem → dmitrygr]

Yep. I'm pretty sure just the C suite made this decision unilaterally.

[mlyle → satvikpendem]

The board makes the decision, but needs management to make things work either way, so management has a pretty big voice, too.

[cen4 → immortal3]

Cause their founders are already Billionaires.

Can you imagine Billionaires reporting to the average corporate robot at large corp?

[wiz21c → cen4]

Oh yes, I fancy that. Quite a lot actually. The joy of seeing equal humans.

[karmakurtisaani → wiz21c]

Ah yes, the fact that I have the wealth of a small nation should not by any means mean I cannot mingle amongst equal humans who work for me. Just a bunch of equal humans hanging out. How nice and equal indeed!

[ergocoder → cen4]

Which founder is a billionaire? What is their net worth?

[walterbell → ergocoder]

Each of the four founders (CEO, CTO, Product, R&D), https://www.calcalistech.com/ctechnews/article/hjpwti2dr

[cinntaile → walterbell]

I think that's including their current Wiz holdings?

[ergocoder → cinntaile]

I thought they meant the founders were already billionaires before founding Wiz...

[krembo → ergocoder]

Not billionaires, but all together already sold a company to Microsoft at age 30, and are not the avg Joe.