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Lessons from cybersecurity exits

Dear F0und3r: What a month this has been for cybersecurity! One unicorn IPO and two nice acquisitions – Zscaler’s great debut on wall street,  a $300 million acquisition of Evident.io by Palo Alto Networks and a $350 million acquisition of Phantom Cyber by Splunk has gotten all of us excited. Word on the street is that in each of those exits, the founders took home ~30% to 40% of the proceeds. Which is not bad for ~ 4 /5 years of work. They can finally afford to buy two bedroom homes in Silicon Valley. Evident.IO Investment Rounds and Return estimates Date Select Investors Round Size Pre Post Dilution Estimated Returns / Multiple of Invested Capital Sep 2013 True Ventures $1.5m $5.25m $6.75 m 22% 44X Nov 2014 Bain Capital $9.8 m $18.1m $28.0 m 35% 10.7X Apr 2016 Venrock $15.7 m $35.0 m $50...

As UK fires-up private space industry, Space Camp Accelerator launches

The UK government recently passed the Space Industry Bill, covering the basics like spaceflight licensing, insurance requirements and safety commitments. It didn’t make much of a splash when it was announced, but it’s a huge move for the UK as it laid the regulatory groundwork that will be needed to create an operational spaceport, potentially by 2020. Some £10 million has been earmarked to build the spaceports and complementary projects, and the UK is also set to create the world’s first fully commercial astronaut training ground, with construction expected to start later this year. A new UK spaceport would actually make it the first such port in Europe, since the European Space Agency’s (ESA) is located in the not-very-European-location of French Guiana in South America. The UK is alread...

Promoted: Migos Kick Off 2018 Drai’s Las Vegas Residency on Super Bowl Sunday

Migos (Quavo, Offset and Takeoff) delivered their latest album, Culture II, earlier this month featuring a staggering 24-song tracklist, but the trio has a lot more in store for fans in the new year. The Atlanta trio will bring their talents and feel-good vibes to Las Vegas for a one-year residency at the popular Drai’s Nightclub, starting Super Bowl weekend.  Migos will cap off the 2018 Super Bowl weekend festivities with an official album release party at Drai’s Nightclub atop The Cromwell Hotel on Sunday night (Feb. 4) before they take a breather and return to the rooftop club in March. The Super Bowl concert at Drai’s Las Vegas will serve as the launch to their 2018 residency on the Drai’s stage. The trio will then perform for one date in April and May, with add...