Island is among the fastest companies to reach unicorn status
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These "whole new ways about thinking about enterprise work" frequently translate to endless micro-management and requesting permissions from the gods of IT to do what's often very necessary to your job.
It's not really possible to just "turn in your notice" (like someone else suggested) if you get this sort of micromanagey corporate spyware installed – but I would definitely treat it as a negative while looking at and negotiating job offers. Clearly the market for this sort of nonsense is high, so it needs to be addressed via the market.
For folks who are managers or similar, trying to get productive output from a programmer while forcing them to use intrusive corporate spyware is like locking an artist in a cell, putting a camera on them, and saying "Paint the best artwork you can". Please avoid doing this as far as possible.
And to address an immediate reply that often comes up – no, SOC2 doesn't mean you have to do this; simple home-grown software suffices. Yes, we know your compliance audits cost a lot. Believe me, losing a fully-trained software developer also costs a lot in the current market. Find unintrusive, basic software that will satisfy your needs with easy controls for advanced users. The real controls are that you should be able to trust the software developers that are creating ridiculous amounts of value for your company.
There are a few SAAS apps that we all use to communicate. But except for sysops we work on our local machines most of the time. I find this to be a wonderful perk, and would probably more than hesitate to lose it. Hopefully this model and the growth of remote work puts a serious crimp in Island's market size.
I think this is a great idea. I can understand enterprises do not mind paying a subscription fee per user to fully control an important piece of software.
Edit: typo
Are investors really blown away by such "features"? Most people have a webcam near by or a second phone. Surely this can't be the killer feature set which justifies so much investment.
Are you sure we're not in another tech bubble?
When Zoom came around, it did not bring anything new (video calls existed for 20 years) but their ability to sell this to companies was remarkable.
1- Chrome Enterprise: https://chromeenterprise.google/security/ 2- Edge Enterprise: https://docs.microsoft.com/en-us/deployedge/ms-edge-security...
Also, keeping a browser software itself secure from all external threats is a very very tall order. Both Google and Microsoft have large teams of security experts and trillions of daily points collected that helps to find and fix security issues in the browser software itself. Not sure one can trust a very early product and nascent software - while copy-paste by employees may have been controlled, the real hackers may not be prevented from exploiting the security issues in complex browser software that Google and Microsoft fix on a daily basis.
This startup will have a very hard time to compete or replace either Chrome or Safari, when enterprises who care about such central controls can turn on such tech within Chrome and Safari itself. Enterprises who would want to silently monitor will simply turn on such control capabilities in common browsers, vs blatantly asking their teams to switch and use a browsers that is only known for such monitoring--- LoL
i’d give $30, but only because of the domain name :D
Security tools is a HUGE market that you can sell to the enterprise. Firefox or Google could do the exact same thing. But they aren't. There's also Talon (another Israeli company that raised a bundle) which does the same thing.
I’m aware it’s a large potential market - note that I was asking was why this particular company would be capturing a billion dollar valuation as opposed to their competitors, many of whom are more established and have high-functioning engineering teams.
Like many enterprise things, this will be a lose-lose. Jobs will be harder, but no one will be more secure. No one will even get a bonus for pretending to make something more secure.
I guess that faceless IT group in every company that loves locking things down will get some sort of satisfaction. Not sure if that counts as a win.
No wonder they're getting wiped out by Substack.
For copy/paste, I can already tell you: We blocked installing Grammarly because there's no reasonable guarantee of what happens to the sensitive data we are legally obligated not to share, so people copy/paste sensitive data into Grammarly's website. Now we have to block Grammary's website, but I could see someone giving up and taking away pasting into websites as a next step...
I once ignored someone's attempt to run a game on a PC of ours. Turns out it was a hacked version of a game which had malware injected, and when it got blocked, they tried installing VPNs and Wireshark to try to get around our security methods...
If you have any questions about presumed oppressive IT policies, I'd be happy to give you my take on them. Some folks do indeed go nuts with it, but often I think the reasons why just aren't obvious at first glance.
> Island CEO Michael Fey tells TechCrunch that the investment is a result of “very fortunate” customer demand since it launched in February.
> “Our team has been able to secure business across a wealth of sectors and organization sizes.”
But no, it's a new company using the same name.
Seriously, look at their website: https://www.island.io/ There is not even a SINGLE image of the browser itself, it's just 3D renders, there is no way to test it. At least BREX, Slack and the others are product you can see, it's something that you can know it exists. Even in the use cases for the browser they don't show anything about the browser itself.
This is REALLY disappointing for any entrepreneur working on a REAL product and receiving NO from every single investor they talk to.
I mean: i, a nobody, has a solid product, has paying clients. But because i am not friend of a VC or somebody else i need to listen that my product is not good enough, that it will never scale, that i don't have the right revenue to justify an investment. You can see my product, you can test it if you want. But then a guy comes with something that doesn't even have a proper website and is valuated a billion dollars out of the gate.
It's just sad to see what the startup ecosystem has become.
To expand on that, although being a limited partner is a great way to clean money there is no difference between a small round or a big round in that regard. There is just unlimited money for a limited amount of things.
Sometimes those relationships are sound and the ambitions more honest, and other times they are flaky, dishonest or downright fraudulent. And very dimensional gradient between.
You’ll (almost) never get a leading role in a Hollywood blockbuster off the street after an audition. You will maybe get a smaller part. Why? Relationships.
It’s the same everywhere.
Most people aren’t pointing out that one of this startup’s co-founders was the former President of Symantec and CTO of McAfee [1], two cybersecurity giants.
A resume like that coupled with VCs having too much money chasing few deals, it’s easy to see why this startup is emerging from stealth with hundreds of millions in funding. It’s not “fair”, just what it is…
1 - https://www.businesswire.com/news/home/20220201005253/en/Isl...
Honestly, the day this landed on my work machine would be the day I turned in my notice.
Yeah, and this part gives me the picture that they'd be able to monitor absolutely everything you do with the browser.