Tenex founder Eric Foster explains the valuation and structure of the private equity deal that merged his company Sideris with Shark Tank star Robert Herjavec's cybersecurity business.
“When we put the two companies together, it was essentially a billion dollar company. So, you know, we basically built about a, call it four or five hundred million dollar, two companies coming together to create that merged billion dollar company.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Eric Foster
PredictionNot checkable as stated
Foster: Pure-software AI SOC companies will fail pivoting to services
“I think most of the other AI SOC software companies are going to end up either trying to become services companies, which they're going to fail miserably at because they've never actually built or run services companies. And guess what? It's way harder than yo…”
Eric FosterDec 1, 2025▶ 46:44How his AI-first services company grew $0 to $40M ARR in one year. | Eric Foster, Founder of Tenex · PMF Show
PredictionNot checkable as stated
Foster: Alphabet will be the singular biggest winner in AI
“I firmly believe google is going to come out as the singular biggest winner in the ai landscape alphabet specifically i guess i should say not just google”
Eric FosterDec 1, 2025▶ 1:09:47How his AI-first services company grew $0 to $40M ARR in one year. | Eric Foster, Founder of Tenex · PMF Show
Opinion
Foster: Autonomous driving is a much easier problem space than cybersecurity
“One, I would tell you, like, self-driving cars is actually a much easier problem space than cybersecurity.”
Eric FosterDec 1, 2025▶ 24:23How his AI-first services company grew $0 to $40M ARR in one year. | Eric Foster, Founder of Tenex · PMF Show
AssertionNot checkable as stated
Foster: Tenex engineers ship more code quarterly than during hyperscaler careers
“What we've hired a huge amount of hyperscaler software engineers. It's one of our big differentiators over the rest of our competitors in the managed security services industry is like I've invested in these world-class software engineers that none of my compe…”
Eric FosterDec 1, 2025▶ 32:26How his AI-first services company grew $0 to $40M ARR in one year. | Eric Foster, Founder of Tenex · PMF Show
PredictionNot checkable as stated
Foster: Tenex on track to reach $43M revenue in year one
“We're going to close this first year. It's still a little bit of time left, but we'll probably land this first year, call it forty three million in revenue.”
Eric FosterDec 1, 2025▶ 36:51How his AI-first services company grew $0 to $40M ARR in one year. | Eric Foster, Founder of Tenex · PMF Show
Insight
Foster: Top SaaS Giants Historically Succeeded by Selling Outcomes via Services
“Most of the greatest SAS companies were doing this historically too. They were selling outcomes. And they were delivering those outcomes in a lot of cases with, you know, a huge customer success or pro serve portion.”
Eric FosterDec 1, 2025▶ 48:50How his AI-first services company grew $0 to $40M ARR in one year. | Eric Foster, Founder of Tenex · PMF Show
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 250 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.
