Forbes October 28, 2024
Gili Raanan’s VC firm Cyberstarts perfected the playbook for launching multi-billion-dollar security startups like Wiz. But questions about a profit-sharing program with industry execs have threatened his kingmaker reputation.
By Iain Martin, Alex Konrad and Thomas Brewster, Forbes Staff
For years, security executives at some of America’s largest corporations — Freddie Mac, Kraft Heinz, Colgate-Palmolive and Fidelity, to name a few — were happy to hear from Gili Raanan, the founder of a boutique Israeli venture capital firm called Cyberstarts.
As participants in Cyberstarts’ adviser network, called Sunrise, they were used to taking introductions from the firm to meet with its three or four new startup investments each year. The startups could receive product feedback and gain insight into what...
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