Wiz Acquisition
Thoughts on above? Seems like some VCs who got in early are cashing out on a bonkers number.
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Early investors will make a lot of $$, but the MOIC isn't as high as you'd think. Wiz's first round was a monster $100M round at a rumored $500M post. So this won't be one of those crazy 1000x+ returns like Uber or Canva.
Index and insight made a killing
Even funds that got in their series E in may at a $12B post cashed the fuck out. Basically doubled their investment in 2 months.
Even funds that got in their series E in may at a $12B post cashed the fuck out. Basically doubled their investment in 2 months.
Welp that was a nice idea while it lasted.
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