Apparently Israeli media is reporting that the price is so high that the government is requesting the founders will pay their taxes in USD and not Israeli Shekels in fear that such a large foreign exchange transaction will affect the exchange rate. ( Which is already unusually low and hurting exporters)
This would be the first time taxes are paid in a different currency in Israel history.
Pretty wild that it's such a large acquisition it can affect a nation's monetary policy.
There are multiple founders getting billions of dollars each. It's not so unreasonble to fear what could happen if daily trading volume suddenly had a significant increase from them collectively dumping billions of dollars onto the market on the same day to settle the tax bill.
The name “Calcalist” is indeed a play on “Economist” (it is not a proper Hebrew word, but fuses the Hebrew word for economy “calcala” with the English suffix for a professional work “ist”.
However, it is just an expanded version of Ynet’s business/economy section, and Ynet is probably the closest equivalent to USA Today or The Sun.
How can a word come from the Bible? It must have existed before the Bible in order to have a meaning inside of it. Or did you mean to write it came from Aramaic?
I mean that it already appears in the Bible, in old Hebrew (which is close to, but isn’t exactly Aramaic), with the meaning “to feed and provide” - and I did not find any documentation about how it formed (or came into) Hebrew.
Which means of course m, that it was already in use before the Bible was canonicalized.
FYI, Wiz investor and current Wiz board member Gili Raanan, head of Israeli VC Cyberstarts, has been (credibly) accused of paying bribes to major CISOs for buying software from their portfolio companies like Wiz.
This is well known in cybersecurity circles. I mentioned here[1] a couple years back that I know CISOs who've had to clean up big messes because their predecessor was on the Cyberstarts payroll, but on the bright side I also know a couple of those predecessors who were fired for it.
Cyberstarts is the most blatant offender, but to be fair, VC has turned into the next rung on the career ladder for CIOs/CISOs, whose role is otherwise generally terminal (unlike e.g. COO or CMO). So a lot of deals get done now just on giving CISOs a path into VC. It's more subtle than Gili's way, and just as effective.
About 20 years ago I quite liked the idea of becoming a CISO - the CIO I worked for at the time talked me out of it - saying that the role would largely involve being ignored then, when something inevitably did go wrong, you'd get sacked.
The board of a Fortune 1000 financial services company just fired the CISO and Deputy CISO because they did too good a job cataloging all of the risk in their infrastructure. Now that it's documented and defensibly quantified, the company is somewhat obliged to do something about it, and the board was not thrilled.
Not a lawyer but this looks like a grey area and since it's public it can be assumed everyone is trying to do it.
I worked for F500 and one of the VPs was pushing some IT vendor solution that didn't really fit, after so much implementation pains and half working product release the said VP left the company... To become a board member of that IT vendor.
It's almost certainly not legal (it could probably be tried as fraud), and it definitely is a breach of contract for the CISO. I'm not claiming it happened, I have no idea, just commenting on the legality of the claimed acts.
Israel is not an ethnicity. They still have 25% Arab Israelis- a leftover from the days when the founders were still building a secular European style country.
They treat them as second class ofcourse. And it is essentially a manageable minority- they are politically sidelined in the Knesset.
The interesting part is that Wiz built its success largely on being cloud-agnostic. If Google keeps it that way, it becomes a strategic window into AWS and Azure workloads.
If they don’t, they risk destroying the very advantage that made Wiz valuable in the first place.
After alphabet demoted waze from being an independent company and turned it into part of google's overall maps organization, alphabet needed another israeli company to take over the W spot.
I was part of the mandiant acquisition, and half of us were laid off a year after we joined Google. Many of the remainding mandiant members were let go in random 'org changes' layoffs afterwards. Let's see if they treat Wiz any differently.
The cynic in me says it will join the graveyard after the acquisition depreciates or it does not bring in as much money as someone at Google will think it should.
As a Wiz user, it is a a really good product and I can't say this for a lot of the security stuff that is out there.
And lastly: remember that Google is an advertising company with hobbies.
The majority (all, I'd say) of those are 15 years (and more) in the past by now. Not sure about Waze, well, looks like I was wrong, they were only acquired in 2013, so it's "only" 13 years in the past for them.
Gmail was an acquisition? I thought it was internal? I remember them launching as an invite only (how i got mine) and it went from there. What is the story?
Interesting fact regarding the sale. Because the founders are about to receive $2.4B US, Israeli tax authorities got involved, and the tax on the sale as an exception will be paid in US dollars directly without converting to shekels due to concerns it might crash the US/NIS exchange rate (with $US already historically low).
Google SecOps (Chronicle) is becoming quite popular among the cybersec world. I think eventually there should be an integration play. It is also a way to create wedge into AWS and Azure customers.
Competition is for losers, is a way to say to go and compete in a super crowded market where it is impossible to differentiate yourself is not going to make you a winner.
But usually people are called idiots because they don’t swallow the progressive propaganda wholesale.
Maybe we should examine as an industry why so many mediocre men get elevated to positions of incredible power and run great businesses into the ground.
Luck (primarily) and connections. We feel psychologically safe believing there is some determinism _in the world_. But there's none. Studies show that you can have 140 IQ and still end up homeless if circumstances are poor.
This is an extraordinary claim. What is your extraordinary evidence?
Why didn’t it rain today? Good luck! Why was Michael Jordan so skillful at basketball? Just good luck. Why is Linux better than Windows? Good luck! Why did VMS fall off? Bad luck. Why does 2 + 2 = 4? I guess just good luck.
These are all laughably incurious, superstitious answers. Other factors must be at play. Yes, identifying them may require hard thinking and concentration.
Otherwise, what is democracy other than selecting the luckiest? We already had strange women lying in ponds distributing swords for that — and much cheaper and quicker to boot.
> Studies show that you can have 140 IQ and still end up homeless if circumstances are poor.
We’ve likely all known people who were book smart but didn’t have good walking-around sense. Everyone knows others who make poor or destructive choices. The interpersonal skills, soft skills, and emotional intelligence being dismissed in this thread as mere “luck and connections” may be severely lacking. The person may have poor mental health or addiction.
Are you using determinism in the automata theory sense or some other?
Luck here isn't referring to some invisible dice roll whose randomness can not be explained or is just a correlation (like no rain on your wedding day would be), it's refers to variables that the person can not influence. Being born into a rich family is lucky for that baby, and the baby can't have done anything about it.
> It's a pity going public isn't worth it anymore.
Israeli VCs tend to be uninterested in IPOs in general - too much of an operational headache and it's difficult to exit a position quickly.
In most cases an IPO isn't worth it for founders because an IPO means you lose operational control. It's basically the "Rich versus Kings" dichotomy [0].
Edit: can't reply
> you can control the share allocations going into an IPO to give you solid voting power
Investors do not like that - they want some degree of operational control in order to right the ship if needed.
In the early 2010s, IPOs like Tesla and Facebook were on terms that gave outside investors little control on operations and that's why Musk and even Zuckerberg to a certain extent can choose to reorient to a new boondoggle with little-to-no investor pushback.
In 2026 if you want to IPO, it will be on the terms of JPMC, GS, etc who are underwriting the IPO.
In a private company, it's easier for an investor to offload or get bought out of their position if the founder wants to maintain operational control.
> While you’re accountable to a board of directors and theoretically accountable to stockholders, in reality management often runs the show
In publicly listed companies, it is magnitudes more difficult to build a board that is aligned with you at a personal level versus in a private company because both the board and strategic shareholders will act as checks against you.
> If you’re acquired, you’re giving up ownership and you tend to lose operational control unless you have agreements in place that say otherwise
An acquisition happens when both the founders and investors want to exit, and has less operational overhead and due dilligence versus going thru the process of an IPO in the US.
> This is counterintuitive to me
Well, that's the reality. This is why Stripe, Databricks, and others have remained private for so long despite having hit IPO-level metrics years ago. If you're already generating high 9 to low 10 figures a year in revenue, you can remain private indefinetly and as a founder you would be able to give yourself a compensation package comparable to a public company, but with much less oversight and stress.
> Interesting, why is this more true of Israeli VC's as opposed to VC's in other markets
Significantly less capital.
"Big" funds like YL Ventures, Cyberstarts, and JVP only have an AUM of $800M, $1.4B, and $1.9B respectively.
And if you were going to IPO in the US anyhow, why would you even invest in an Israeli fund, which wouldn't have enough people with experience for an IPO.
And the handful of Israeli IPOs that happened like SentinelOne or CyberArk weren't that successful.
> In most cases an IPO isn't worth it for founders because an IPO means you lose operational control.
This is counterintuitive to me.
If you’re acquired, you’re giving up ownership and you tend to lose operational control unless you have agreements in place that say otherwise.
With an IPO it seems like you have a better chance to retain control: you can control the share allocations going into an IPO to give you solid voting power. While you’re accountable to a board of directors and theoretically accountable to stockholders, in reality management often runs the show, at least until the board runs out of patience with bad earnings.
The problem is if you go public as a small company, it can be hard to survive. You need to meet expectations every time you do an earnings call or watch your stock get crushed, and it’ll never be given another chance. The burdens are also a lot higher in terms of the cost.
You don’t really see companies under $10 billion going public anymore. That may continue to be the case, but it’s terrible for entrepreneurs.
Yes, but a founder deciding to be acquired means they wish to stop having operational control and intend to cash out and exit.
An IPO isn't an easy exit strategy - it takes years to become S1 ready and it takes years to sell off your equity stake if you were using an IPO only to exit.
That's why if you want operational control you fight hard to remain private as long as possible, and if you want to exit you M&A yourself. This makes IPOs only useful if you need to raise more capital than is available in the private market.
Partially. The issue is capital - even Wiz largely raised thanks to Sequoia, Insight Partners, and Index Ventures. American funds are much larger and are able to finance later stage rounds. Most Israeli VC funds end up financing earlier rounds and can't neccesarily participate in later rounds and thus have an incentive to exit earlier.
Google is a public company so in some way they have gone public.
I wish people would remember the stock markets were invented for companies to raise funds, not for the private investors to cash out. The public should be allowed to invest in new companies, not just the rich.
> The public should be allowed to invest in new companies, not just the rich.
Most funds lose money on early stage investing.
Allowing non-accredited investors to enter the privete capital is great for experienced investors like me because we can offload assets to less discerning and less experienced casual investors, but this is truly risky for the vast majority of individuals.
Hell, even in my own personal portfolio I stick with ETFs and call it a day because returns are good enough without active risk management.
> so in some way they have gone public
M&A is not an IPO. By that standard any acquisition by Crowdstrike or PANW is an "IPO".
The lack of competition is at this point choice American politicians and the voters. They should be breaking up mega corporations or at least taxing them at really high rates.
Instead, it looks like all the existing incumbents will just continue to rule over society. They have capital, monopolies, and the moats of distribution channels and contracts with their current customers. There is no fair competition - they’ll just replicate your clever product easily.
Wiz customer here, when fully implemented it provides an incredibly detailed and comprehensive view of your infrastructure.
I'm curious how much of that information is going to pass between Wiz and Google Cloud product/sales. It's effectively x-ray vision into some huge workloads running on their competitors.
Apparently the cybersec bigwigs at our company love it, but for me I have to write a detailed explaination why another 'incident report' the clueless cybersecurity guys keep bothering me with is actually nonsense.
There are a lot of cybersecurity people that really know nothing about actual security and just rely on what their tools tell them. And products like Wiz love to "prove" their value by raising tons of red flags.
This is especially true for vulnerability management, which is basically Boy-Who-Cried-Wolf as a Service. The entire CVE ecosystem used to be great, but now it's turned into resume-driven-development where people exaggerate the severity of a vulnerability in order to have a CVSS 9.8 on their resume.
Probably a diversification play and a play to see out bigger contracts. If you've worked in the FEDRamp space, you may be aware that Wiz (last a checked, a year or so ago) is one of the few and possibly ownly player certified to operate in FedRAMP Medium/High deployments operating with the technology it does (eBPF instrumentation).
If you think Google is capable of making a singular coherent decision on a topic like this, you're dreaming. There's likely multiple competing visions.
That said: the goal with Google M&A remains the same as always. Take competition off the board. I don't know this company or how they compete with Google, but 80% chance that's the play.
They are culturally incapable of merging other people's tech into their own stack and have both the tendency to rewrite everything from scratch on their own bespoke technologies and also internal engineering teams that will bristle at having a foreign body invade their cathedral.
You could say it would be talent acquisition but most everyone who comes from a startup walks as soon as their golden handcuffs loosen and they can find something else to do. Going from startup to Google is usually torturous.
Been through this 15 years ago. I don't think anything has changed.
> goal with Google M&A remains the same as always. Take competition off the board. I don't know this company or how they compete with Google, but 80% chance that's the play
I don't think that's true here (what is the competing google product exactly?) or generally in cloud acquisitions, that generally buy into their platform missing features
The competing Google features are not a distinct product with its own name, but rather many separate features one can enable, like container image scanning. Collectively, it doesn't do all that Wiz offers, but it's still there.
Thats the entire purpose, the reality is that large corporations are increasingly “multi cloud” and Google wants to have an offering for them and for companies that are on AWS and Azure to be able to move some of their workloads to GCP.
AWS and GCP also made a joint announcement about multi cloud networking for a similar reason
They grossly overpaid if they aren't keeping it cloud agnostic. It's impressive software, but if it's only compatible with GCP it will not survive in this space.
> Two security executives told Forbes they rejected overtures from Raanan’s team after hearing about the firm’s “menu” of compensation. “I was completely aghast. It was against my principles,” one said.
There aren't that many Alphabet acquisitions[1] that start with "W", compared to all the companies that start with "A":
1 2
1 6
1 @
28 A
15 B
8 C
18 D
6 E
10 F
10 G
4 H
9 I
5 J
5 K
8 L
14 M
8 N
10 O
22 P
4 Q
13 R
27 S
12 T
3 U
5 V
9 W
1 Y
8 Z
Normalizing these counts with respect to English character frequencies that appear in text[2], the top three unexpected company initials appear to be "Q", "J", and "P".
Wix too. Very interesting that founders of Waze and Wix have Unit 8200 pedigree and Wiz co-founder was part of an elite recruitment program in the IDF. On account of the mandatory draft, it was bound to happen but those three companies have very similar names as well.
Everyone in Israel who is entrepreneurial tries to self-select into 8200 - it's the equivalent of American high schoolers who want to enter VC and tech entrepreneurship targeting CS@Stanford.
In Israel, the university you attended matters less than the unit you served. For example, if you want to become a senior politician, you join Sayeret Matkal and if you want to become an academic you end up in Talpiot (which the founders of Wiz are alums of).
8200s success is largely due to a couple early exits by 8200 alums (Gili Raanan, Nir Zuk, Shlomo Kramer) who were biased in recruiting from their unit. 8200 alums aren't better or worse than other Israelis - they just have a better network.
And Israel has multiple SIGINT and offensive/defensive cybersecurity units, all of whom created similar networks as well.
It's the same in the US as well - if you join the right divisions and units and take advantage of educational programs with the GI Bill, you will open a lot of doors professionally speaking.
Is it possible the foreignness makes ‘W’ appealing as it signals cool modern tech alignment or something?
Like how ‘X’ attracts marketing and typographic knuckle-draggers in English, or how all our AI companies have butthole logos for reasons that only make sense if you understand the underlying companies and culture.
There's 5 of them, two of which happen to have been acquired by Google. Fair to say it's likely a coincidence.
Interestingly, they all use "vav vav" as the start of their Hebrew names. "Vav" is the hebrew letter for V, so it's kind of like using VV to represent W.
Maybe you're right, and it's a stylistic thing! My knowledge of Hebrew ends in Hebrew school, and that mostly focused on blessing and prayers over startup naming.
Despite commenting on this literally five seconds ago in the sibling comment, I hadn't made the connection that if "vav" is V, then using "vav vav" is like "VV" which is like "W". I wonder if this is a real thing.
In any case, I'm pretty sure it's just a coincidence, I don't think it's a stylistic thing, unless I'm missing something.
It has vav which gets transliterated as v, u, o, or w. How does the average modern Hebrew speaker pronounce these company names in a sentence? Vix, Vayz, Viz? Is the "w" transliteration an example of Latin to Hebrew transliteration but not vice-versa?
It's pronounced the same as in English. Wiz, Waze, Wix. It's written with "double vav" in Hebrew, not just a single vav which would make it read as Viz.
I bet someone has actually studied the effect of leading letters in startup names and funding & acquisitions, I vaguely seem to remember a story about it in the past.
No reactions beside: monopolies are bad for innovation and why we cannot have nice things. You might hear some people say "but these big companies innovate". They were mostly done innovating two decades ago, now they just snuff out innovation and acquisition is one of their main tools.
well if you are waiting for the monopolies to be broken don't wait they will not be broken monopolies are here to stay, capitalistism for the rich and socialism also for the rich they best thing you can do is be rich yourself
lol
Let me tell you something even more worrying, Google, Apple, Amazon, Meta and Microsoft already have larger engineering centers in Israel than most of Europe.
And over 90% of their workers served in the IDF! And many more in Israeli Intelligence! and they're also mostly Jewish!
You've got to love how spewing such casual bigotry against random people doesn't ring any alarm bells for people like this Paul person. I'm sure he considers himself a "progressive" lol.
It makes me think of the 1978 movie "The Wiz" starring Diana Ross, Michael Jackson, and Richard Pryor. Despite the big stars, it isn't generally regarded as a very good movie. Maybe updating "The Wizard of Oz" with disco music wasn't a good idea after all.
This would be the first time taxes are paid in a different currency in Israel history.
Pretty wild that it's such a large acquisition it can affect a nation's monetary policy.
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