Twilio

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...

Edovo, a startup that provides tablet-based education to incarcerated people, snags some funding

Twilio has $250,000 in startup Edovo, which creates tablet-based educational content for incarcerated individuals. Twilio has also invested grant money in the International Rescue Committee, MindRight and Caravan Studios. Last year, Twilio awarded over $1.5 million in impact funds and plans to award an additional $1.5 million by the end of this year. Edovo works with facilities to bring in secure wireless networks and tablets that access Edovo’s educational platform. The incentive-based learning program covers a variety of areas, including literacy, college course work, cognitive behavioral therapy and vocational training. Upon completion of certain lessons, incarcerated individuals can receive certificates and entertainment options. They can also use Edovo to stay in touch with their love...