> Assume 1,000 customers each generating $2m in ARR with contracts. That’s $2 billion. Assume generous 6x ARR valuation, that’s $12 billion.
That's the thing , were any numbers released or are we all just gonna speculate here ? What is their growth rate, profit margin etc etc ? How do they fit in Google's business, can current Wiz clients be upsold on GCP more easily now? Can other clients be brought more easily to GCP now that Google has a good (I hope) cyber security solution to go with its cloud? Clearly there is some strategy going on here that is more than just the ARR of Wiz.
As a minor shareholder in GOOG as well I have no freaking idea about any of this, I sort of trust that they probably took a calculate risk and know what they're doing (and even if this is a mistake by 20B, that's not much for a company the size of Google).
It makes more sense if you think about how 2006 looked like:
- the only way to money in 2006 was advertising and the idea of advertising in internet videos was borderline crazy (remember when internet was tv but without ads?)
- it was just one of many potential interesting players. To think it could've been Vimeo, but the founders cared more about their main project: collegehumor
Well 500m/year when they last raised in mid-2024. There are hints as to their growth rate from their post about their 100m ARR milestone [1] and thus one knows they went from 100m to 500m in two years (mid 2022 to mid 2024).
They're thus probably higher than 500m now although the multiple still seems really high to me. But what do I know.
That's the thing , were any numbers released or are we all just gonna speculate here ? What is their growth rate, profit margin etc etc ? How do they fit in Google's business, can current Wiz clients be upsold on GCP more easily now? Can other clients be brought more easily to GCP now that Google has a good (I hope) cyber security solution to go with its cloud? Clearly there is some strategy going on here that is more than just the ARR of Wiz.
As a minor shareholder in GOOG as well I have no freaking idea about any of this, I sort of trust that they probably took a calculate risk and know what they're doing (and even if this is a mistake by 20B, that's not much for a company the size of Google).