The Ledger
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Guy Podjarny took out nine figures in secondary liquidity from Snyk
“I sold about a third of my ownership, and it's in nine figures.”
Podjarny avoids investing in cybersecurity, preferring product-led companies
“You know, ironically, for instance, I don't invest that much in cyber. And you know, there are exceptions to that statement, but for the most part, I'm more passionate about sort of product led and those types of systems and cyber tends to be sort of more top …”
Podjarny: Snyk's main moats are counter-positioning and product-led process power
“I'd sort of say that's Nick's two primary powers are, you know, one was counter positioning, which sort of still holds in the security space, this notion of, Coming in developer first is, is to an extent at the expense of some CISO power, of some sort of top-d…”
Snyk's last concrete acquisition offer was around $200 million
“The last acquisition that really I sort of felt like we were talking in, in concrete numbers was early in the journey. It was in sort of two hundred million range, and I think later on we talked about multiple billions, but we would, they didn't get to, like, …”
Guy Podjarny: Tessl earns $5M to $10M annually in interest income
“So you definitely get into somewhere between that sort of five and 10, right, if you're sort of massively massively conservative.”
Guy Podjarny: Tessl's interest income fully covers its cash burn
“Which is, you know, definitely sort of at the burn level.”
Podjarny: Snyk split founding locations to combine Israeli tech and UK product
“And it's Nick, for instance, we started it in Tel Aviv and in London. And in Tel Aviv, I had, you know, this like, you know, anything is possible, fearlessness, sort of tech depth, security depth. And in London, I had kind of, you know, product discipline, dev…”
Podjarny: Snyk is benefiting from software platform consolidation
“I think right now there is a lot of platform consolidation. You know, I will admit that Snyk is benefiting from that, you know, now that we have the breadth.”
Podjarny reduced LP commitments to limit venture capital exposure
“I mostly actually kind of reduced my kind of LP allocation. You know, I find I do want to limit my venture exposure.”
Podjarny: Handing over Snyk CEO role was one of his best decisions
“It was hard. It was also one of the better decisions that I've made.”
Podjarny invested in SecurityScorecard at a $6M valuation
“Probably for me right now, it's a security scorecard, which has done very well. And that was, you know, invested all the way back at sort of six million dollar valuation.”