The acquisition of Wiz by Alphabet for $32 billion offers substantial returns for early investors. Sequoia Capital stands to gain about 25x its investment, while Israel-based VC firm Cyberstarts achieved a remarkable 222x return. Cyberstarts initially invested $6.4 million in Wiz’s seed round in 2020, now worth $1.3 billion. Including secondary transactions, the fund’s total return reaches $1.42 billion. Additional investments from Cyberstarts’ opportunity fund yielded a 3.2x return. Founded by former Sequoia partner Gili Raanan, Cyberstarts is noted for its inaugural fund’s exceptional performance. — news from TechCrunch
