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Comment by mihaic | Hacker News Reader

Over a certain threshold, all software companies seem to degenerate into sales companies.

Honestly, I'm just mildly shocked of the $23B valuation for a product that I'd expect to have taken waaay less than 1% of that in dev costs. What I'm more shocked is that Google decided they can't build the same thing themselves. Maybe I don't understand the complexity of the product?

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>What I'm more shocked is that Google decided they can't build the same thing themselves.

Faang is where amazing engineers go to produce nothing of value.

Hey, some of that non-value is actually negative! See ads.

I disagree, a lot of value is created at FAANG by those amazing engineers. It's the free and open source tools and frameworks, though.

A lot of value is also created by drug dealing giving out free hits, or Microsoft giving free windows licenses to universities back in the day.

I'm not shocked that Google cannot build things these days. There are of course good engineers in areas like the Linux kernel, Golang etc., but in other areas it is just show and politics.

One of the political teams was fired recently, so perhaps Google is in the process of reversing course, but that is just a guess.

People in the Google Security Command Center area were confused about what their strategy was with respect to Chronicle. It seemed as if two different groups at the company were essentially trying to do the same thing. Now there's this "Wiz Security Command Center" they were thinking of acquiring. Sure, why not resolve the SCC vs. Chronicle confusion by acquiring a third-party SCC?

I swear Google is transforming itself into the next IBM.

Apparently they’re used by 40% of the Fortune 100.

At a generous 20xARR valuation this is still 1b ARR.

1 billion / 40 = annual revenue of $25M from each contract.

Hwat. Help it make sense.

They probably have customers outside Fortune 100.

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