Alon Arvatz On Selling His Last Company For $350 Million And Now Raising Millions To Make Cloud Computing Affordable And Efficient
Sep 28, 2023
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Alon Arvatz, co-founder of PointFive, shares his journey in the tech industry, from early exposure to successful ventures. He discusses his latest venture, PointFive, focusing on making cloud computing affordable and efficient. Talks about selling his previous company for $350 million, launching PointFive, raising money, and their vision for the future.
Building global teams is crucial in the tech industry
Fundraising during economic downturns can be valuable for startups
Deep dives
Building a Global Team and Fundraising in an Economic Downturn
In this podcast episode, entrepreneur Alon Arbatz shares his experiences in scaling, financing, and exiting companies. He discusses the importance of building global teams, especially in the tech industry, and emphasizes the value of fundraising during economic downturns. He also highlights the need to step out of one's comfort zone and embrace new opportunities. Additionally, Arbatz shares insights from his book, 'The Battle for Your Computer', which explores the success of the Israeli cybersecurity industry.
The Journey from Military to Tech Entrepreneurship
Arbatz reflects on his upbringing in Israel, where his tech entrepreneurial spirit was nurtured by his parents and exposure to the tech industry. He discusses his unexpected path into the tech world, which included a detour into accounting and founding a non-profit aimed at teaching financial literacy to teenagers. Arbatz also shares his experience in the military, including an unexpected shift to the intelligence corps, where he discovered his passion for cybersecurity and technology.
Lessons from Scaling and Exiting a Cybersecurity Company
Arbatz recounts his journey with insights, a cybersecurity company that experienced significant growth and was ultimately acquired by Rapid7 for $350 million. He discusses the challenges of balancing customer expectations and aligning different teams within the organization. Arbatz shares insights on the shifting investor expectations during funding rounds and the importance of finding the right partners. He also touches on the process of writing his book, 'The Battle for Your Computer', which delves into the success of the Israeli cybersecurity industry.
Launching Point Five and the Importance of Humility
Arbatz explains the motivation behind launching Point Five, a platform that helps enterprises manage their cloud costs efficiently. He discusses the inspiration for the idea, which stemmed from his experiences at Rapid7 and observing the struggle of big enterprises in optimizing their cloud usage. Arbatz also emphasizes the importance of being humble and listening to customers' needs, learning from every interaction, and constantly adapting to feedback. He shares his aspirations for Point Five and the desire to make a global impact with the company.
In a recent episode of the Dealmaker’s Podcast, Alon Arvatz, co-founder of PointFive, shared his remarkable journey through the tech industry. From his early exposure to tech companies to founding successful ventures, Alon's story is a testament to determination, adaptability, and a commitment to making an impact. His latest venture, PointFive, has attracted funding from top-tier VC Index Ventures.
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