Keep pulling the thread on Jay Chaudhry.
Zscaler provides security services for 48% of Fortune 500 companies.
Zscaler is growing at a rate of almost 30% and has over $2 billion in revenue.
Jay Chaudhry confirms he has not sold any significant portion of his Zscaler shares.
Jay Chaudhry personally invested about $50 million into Zscaler.
In 2012, Zscaler accepted an investment from Art Coviello, then CEO of RSA, at a $500 million valuation when the company had less than $20 million in revenue.
Zscaler never used the capital from its early funding rounds or its $100-110 million pre-IPO round.
At the time of its IPO, Zscaler's investors owned only 16-17% of the company, while employees held about 30%.
Zscaler is building a highly optimized, proprietary security AI model tailored for its specific use cases.
Zscaler's key advantage in training its AI models is its proprietary dataset of 500 billion transaction logs per day.
Jay Chaudhry has created a focused team of scientists and PhDs, reporting directly to him, to build a core AI engine for Zscaler, separate from product development teams.
Jay Chaudhry believes enterprise technology companies have more durability than consumer companies, citing how long it takes for them to fail, whereas consumer-focused firms like Blackberry can decline quickly.
Jay Chaudhry believes that for a technology company like Zscaler, the CEO must have a strong technical background and cannot be a pure salesperson.