There’s No Money To Be Made in Security …

There’s No Money To Be Made in Security …

The problem with feedback of any form, is that at the time, you can argue all you want against it, and say it is wrong, but it is only in the future, that you can go back and say … “you were wrong!”. I look back on our three successful spin-outs, I still hear the voices of those who did not believe in— or were not willing to see the potential — of these ideas that turned into great companies.

I am going to keep this simple. I remember bidding for funding for our spin-outs, and being told… “There’s no money to be made in security. We don’t think there’s a market there” … luckily we stuck with our vision and had people like Don Smith telling us that we were right. We are getting ready for our 4th cybersecurity spin-out.

Well done to:

#47 — Netizen, 5,638%, $6.3 million, Allentown, Pa.

#88 — Cisoshare, 3,623%, $3.9 million, San Juan Capistrano, Calif.

#134 — Exabeam, 2,679%, $38.8 million, San Mateo, Calif.

#161 — KnowBe4, 2,370% , $72.3 million, Clearwater, Fla.

#421 — Kisi Security, 1,093%, $2.8 million, Brooklyn, N.Y.

#434 — Kenna Security, 1,045%, $13.2 million, San Francisco, Calif.

#467 — Point3 Security, 966%, $5.8 million, Perry Hall, Md.

#664 — Satelles, 658%, $5 million, Herndon, Va.

#920 — Skynet Integrations, 461%, $2 million, Tampa, Fla.

#1000 — Home View Technologies, 424%, $16.5 million, Orem, Utah

#1054 — GreyCastle Security, 398%, $9.2 million, Troy, N.Y.

#1110 — EnableIT, 377%, $21.9 million, New York, N.Y.

#1173 — Lastline, 353%, $20.1 million, Redwood City, Calif.

#1361 — Binary Defense, 304%, $8.1 million, Stow, Ohio

#1555 — Ops Tech Alliance, 267%, $4.4 million, Bowie, Md.

#1799 — Venza, 226%, $3.8 million, Roswell, Ga.

#1987 –DirectDefense, 202%, $10.3 million, Englewood, Colo.

#2107 — Acmetek Global Solutions, 191%, $6.4 million, Frisco, Texas

#2126 — GuidePoint Security, 189%, $321.4 million, Herndon, Va.

#2254 — Praetorian, 179%, $12.4 million, Austin, Texas

#2338 — Integrated Biometrics, 172%, $15.4 million, Spartanburg, S.C.

#2625 — ThreatConnect, 148%, $23.3 million, Arlington, Va.

#2880 — TWG Security, 130%, $4 million, Emmaus, Pa.

#3014 — SiteLock, 123%, $48.7 million, Scottsdale, Ariz.

#3134 — Nuspire, 117%, $31.2 million, Commerce, Mich.

#3260 — Convergint, 111%, $990.6 million, Schaumberg, Ill.

#3664 — Mosaic451, 95%, $21.2 million, Phoenix, Ariz.

#3803 — Rapid Web Services, 88%, $14 million, Saint Petersburg, Fla.

#4012 — Infogressive, 81%, $3.7 million, Lincoln, Neb.

#4021 — Simeio Solutions, 81%, $51.5 million, Atlanta, Ga.

#4126 — Malwarebytes, 77%, $126.2 million, Santa Clara, Calif.

#4283 –Cook Security Group, 72%, $67.1 million, Portland, Ore.

#4545 — Rendition Infosec, 64%, $2 million, Augusta, Ga.

#4766 — Secure Ideas, 59%, $2.8 million, Jacksonville, Fla.

#4804 –Tapestry Technologies, 58%, $25.4 million, Chambersburg, Pa.

#4865 — SecureStrux, 56% $4 million, Arlington, Va.