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Why Wiz really turned down Google’s $23B offer


Welcome back to Week in Review. This week, we're coming at you right off the heels of TechCrunch Disrupt! If you missed it, we’re highlighting

Wiz co-founder and CEO ​​Assaf Rappaport said at TechCrunch Disrupt that turning down Alphabet’s offer was “the toughest decision ever,” but they did so because they believed the cloud security space is a $100 billion opportunity for the company. In a letter to staff, CEO Drew Houston said the cloud company is undergoing a “transitional period” and that the goal was to make cuts in areas where Dropbox has “over-invested” while designing a “flatter, more efficient” team structure. The product is designed to take on a wide array of recruitment tasks, from ingesting scrappy notes to turn into job descriptions, to sourcing candidates and engaging with them.

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