Shlomo Kramer: A playbook for building three multi billion-dollar cybersecurity companies - Cato Networks, Check Point, and Imperva

Shlomo Kramer, CEO and co-founder of Cato Networks is a rare bird in the cybersecurity industry, having built three unicorns in his career. For many in the cybersecurity industry, Shlomo needs no introduction. One of the early pioneers in Israel’s cybersecurity startup ecosystem, what makes Shlomo remarkable is his ability to repeatedly build category-defining companies. He first co-founded Check Point, which pioneered the firewall category and today commands a $20 billion market cap. Then, seeing the shift to the cloud, he launched Imperva, focusing on web application security (WAF). That was his second IPO. Now with Cato Networks, he's created an entirely new category called SASE – Secure Access Service Edge – and Cato has already reached over $200 million in annual recurring revenue.

But Shlomo isn't just a builder – he's also a remarkably successful investor with an eye for transformative companies. His portfolio includes Trusteer, which IBM acquired for $1 billion, and Palo Alto Networks, in which he wrote the first angel check and sat on its board - a company now valued well over $100 billion dollars.

In this episode, we get inside the mind of the only entrepreneur we know who's on track to potentially take his third cybersecurity company public. Many founders are satisfied with one IPO, some rarely go to two and Shlomo is on track for his third IPO - a hat trick if he pulls it off. In the cybersecurity hall of fame, very few could equal what Shlomo has accomplished.

We discuss building cybersecurity companies, the evolution of the security market over the past three decades, why founders should focus on their customers instead of competitors, how building startups has changed from when Shlomo started Check Point, and many other aspects of the founder's journey.