Google’s Biggest Buy Ever?

Google Targets Wiz in Massive $23B Cybersecurity Acquisition

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Startup Spotlight

Google's gearing up for its biggest startup buy yet, eyeing NYC-based cloud cybersecurity startup Wiz for a whopping $23 billion. This deal, almost double what Google paid for Motorola Mobility, aims to boost Google's cloud security game against rivals like Microsoft. Wiz, known for its top-tier security tools, could solidify Google as a secure cloud leader. But, with the Biden administration's tough stance on antitrust issues, this acquisition might face some regulatory hurdles.

AI startups are getting snapped up by bigger companies, a trend that's shaping the tech world. Big firms like Hugging Face and Databricks are on the hunt for fresh talent and cutting-edge tech, buying startups to get both. This helps startups scale faster and innovate, but there's a risk their creative spark might fade in larger, more bureaucratic setups. Ultimately, it's a balancing act between innovation and stability, promising exciting advancements in AI if managed well.

Three adventurous friends from Clare, Conor Wade, Caragh O’Shea, and Micheál O’Sé, have hit it big with their startup, Tourmata. Combining their talents—Conor in software development, Caragh in sports tourism, and Micheál in project management—the trio launched a revolutionary platform for group tour operators. Recently selected for the NDRC Accelerator Programme, Tourmata is praised for its user-friendly approach and efficiency in trip planning. With sights set on expanding their innovative business, Conor, Caragh, and Micheál are living their passion for travel and making waves in the industry.

Partnering with big businesses can open up huge opportunities for startups, like access to larger markets and steady revenue. Key tips include identifying decision-makers, showcasing your unique value, and maintaining credibility. Cold outreach and persistence are crucial, as is demonstrating your agility and ability to deliver. Balancing proactive outreach with the challenges of long sales cycles and the need for a strong support network can make the difference in landing those big corporate clients.

Half of UK startup founders fear their businesses won’t survive the year, a big jump from last November’s 11%. With fewer VCs investing and more layoffs, confidence is dropping. Virgin StartUp's survey shows founders want the government to cut taxes and business rates to help. The cost-of-living crisis is making things even tougher, with 52% saying it’s their top worry. Andy Fishburn of Virgin StartUp emphasizes the need for urgent support, as SMEs play a crucial role in the UK economy.

Mergers and Acquisitions

Google Near $23 Billion Deal for Cybersecurity Startup Wiz (LINK)

Data analytics startup Ayudante acquires SG firm(LINK)

Neiman Marcus and Saks Fifth Avenue to Merge in $2.65B Amazon-Backed Deal (LINK)

ForFarmers to acquire Van Triest Veevoeders (LINK)

Filing shows Salesforce paid $419M to buy Spiff in February. (LINK)

🚀 Marie Segares, a yarn crafts solopreneur, shares how she made her first $10,000 in business.

⬆️ Ole Douthat shares his success story, generating $1.2M/year from digital products!

💰 Rory Adams' A Magician Platform Earns $30K Annually, Lists 103 Magicians for Hire

🛣️ Darrell Lerner's startup grew to 120M users and $100M revenue from a tiny rented office.

⚙️ How a startup grew from $600K to $1.4M annually with fewer features than competitors

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