Keep pulling the thread on Gili Raanan.
Cyberstarts' Fund 1, a 19-company portfolio, included the decacorn Wiz, seven unicorns, and three acquired companies.
Gili Raanan believes the venture capital business model as a whole is fundamentally broken and does not work for most participants.
Gili Raanan predicts that the large amount of capital that has flowed into venture capital markets in recent years will end in a "serious catastrophe" for many investment firms.
In its first year of selling, cybersecurity company Wiz's quarterly new revenue grew from $1 million in Q1, to $2 million in Q2, to $8 million in Q3, and to $24 million in Q4.
No Name Security was acquired by Akamai for approximately half a billion dollars.
Island, a company creating the enterprise browser market, has reached a $5 billion valuation.
Gili Raanan defines an exceptional startup growth pace as achieving 4x, 4x, 3x, and 3x year-over-year growth in new ARR over five years, resulting in a 144x increase from year one.
Cyberstarts has created a dedicated "employee liquidity fund" to establish recurring, annual secondary programs for its portfolio companies.
Cyberstarts recently executed its first secondary liquidity program with portfolio company Sayera, purchasing millions of dollars of shares from several hundred employees.
Approximately 350 to 400 new cybersecurity teams are funded each year across the U.S., Israel, and Europe.
In 2023, only two Israeli cybersecurity companies became unicorns, and in 2024, only one achieved that status.
The year 2021 was an outlier for the Israeli cybersecurity market, with seven companies achieving unicorn status.