- 1 Episode Audio
- 2 Featured Interview/Opening Discussion
- 3 Startup Stories
- 4 Startup & Security Notes of Interest
- 4.1 The 2016 Cybersecurity Recap: Deals Hit A Record High But Exit Activity Slows
- 4.2 Yahoo CEO Marissa Mayer Loses Bonus And Stock Award Over Security Breach
- 4.3 Falkonry raised $5.3M in equity round
- 4.4 Palo Alto Networks' Acquisition Of LightCyber - $105M
- 4.5 Bastille just raised … $196.8k (from a grant)
- 5 The Startup Journey: Updates
Featured Interview/Opening Discussion
Interview: Frank Wang, Cybersecurity Factory
Frank Wang is a PhD student at MIT focusing on building secure systems. He did his undergraduate at Stanford, focusing on applied cryptography. He is a member of Roughdraft Ventures, which provides small amounts of capital to early stage student startups. He is currently running a summer program for early stage security companies called Cybersecurity Factory. He has interned at the security teams at Google and Facebook as well as consulted for security companies like Qualys. When he is not busy worrying about your security, he enjoys going to art museums and being outdoors.
- What is unique about running a security startup?
- How about moving from a services/consulting company to a product company?
- What are some unique things investors are interested in when talking to security startups?
- Where are the best opportunities in the market for security startups?
- What advice do you have for those who may have an idea and want to create a security startup?
- What are some of the most exciting security startups in the industry right now and why?
- What advice do you have for enterprises looking at solution and considering (or not) a solution for a security startup?
Listener feedback from Philip Comer on firewalls as functions
“While I was struggling with the concept of a future with no firewalls you said something to the effect of "will the go away? Probably. Will there be something similar in their place? Very likely. Will it be called a firewall? No. "
My first thought was the cable modem.
Is it a modem at all? Not even remotely. Does it do something similar? Kinda sorta. Should we call it a modem? Hell no. One of my many pet peeves. But is it still called a modem? Yeah.”
- What Do I Do Now? The Startup Lifecycle ==> Shared by former guest Tyler Shields…
- Ultimate PowerPoint slides to save hours on your next pitch or deck. ==> from Karsten Speckmann - one of our earliest supporters and active in participating in our efforts | I like the concept of constraints; and if someone handles that for you, it’s awesome. Structure -> Substance -> Style; this could be some of all.
- Here's Why HP Has Christian Slater Going Full "Mr. Robot" For Their New Web Series ==> ‘The first content work under the HP Studios banner signals a larger overall shift to make security a pillar of HP's brand identity.’ —> this holds cues for everyone else
- How the sale of his cyber business offers important lessons to Washington ==> interesting start to the company (and maybe a future guest?)
- 5 of My Biggest Struggles as a First-Time Founder ==> I made all of these. Some twice.
- When less is more ==> like telling a good joke… the bigger the setup, the bigger the laugh has to be. Funding works the same way. Sometimes short/small is better.
Startup & Security Notes of Interest
The 2016 Cybersecurity Recap: Deals Hit A Record High But Exit Activity Slows
- ‘Last year also saw the emergence of a new cybersecurity unicorn. Cylance obtained a $100M Series D round in June that valued the company at $1B. In 2015 four cybersecurity unicorns emerged: Illumio, Okta, Tanium, and Zscaler.’
Yahoo CEO Marissa Mayer Loses Bonus And Stock Award Over Security Breach
- Verizon got a discount
- Mayer didn’t get her bonus
Falkonry raised $5.3M in equity round
- ‘Falkonry discovers, recognizes and predicts operating and performance conditions from time series data using machine learning and pattern recognition.’
- Note the solutions
Palo Alto Networks' Acquisition Of LightCyber - $105M
- ‘LightCyber is a cybersecurity company that develops an automated behavioral analytics security platform to identify and prevent cyber-attacks.’
- Raised a total of $31.5M; last round was $20M in June 2015 (series B)
Bastille just raised … $196.8k (from a grant)
- ‘Bastille is a security company that develops software and sensor technologies to detect and mitigate threats affecting the Internet of Things devices.’
- They’ve already raised 16M… including a 1.5M angel round… followed by another “angel” round of $1.5M, then a $13.8M series A
The Startup Journey: Updates
- new website in the works (need to streamline, clarify, and reduce cognitive load); it's the culmination of this stage of my journey from 1000 kicks 1 time to 1 kick, 1000 times.
- narrowing the addressable market
- exploring how to think about the security space differently