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This Week in Startups

Google weighs $23B for Wiz, startups in a second Trump admin, and Sequoia's Stripe sale | E1980

Jul 15, 2024
01:08:29
Snipd AI
Tech journalist Alex Wilhelm joins to discuss social media's role in spreading conspiracy theories post-Trump shooting, Silicon Valley's views on Biden vs. Trump, Sequoia's strategy with Stripe shares, Google's potential acquisition of Wizz, and cybersecurity challenges.
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Podcast summary created with Snipd AI

Quick takeaways

  • Social media amplifies conspiracy theories post-Trump incident
  • Silicon Valley's divided views on Biden vs. Trump policies

Deep dives

Cybersecurity Company Wizz Acquisition by Google

Google is considering the acquisition of the Israeli - American cybersecurity company, Wizz, for $23 billion. Wizz, founded in 2020, has seen rapid growth, reaching $100 million in ARR within 18 months and surpassing $350 million ARR recently. The company has attracted significant investments and raised $1.9 billion in total. The potential deal illustrates the high demand for cybersecurity solutions, the profitability of fast - growing companies, and Google's interest in strengthening its cybersecurity capabilities.

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