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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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