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Fortune
Fortune
David Meyer

Wiz CEO lauds company's good timing as Alphabet reportedly prepares $23 billion bid

Wiz CEO Assaf Rappaport and Thrive Capital's Philip Clark appear at Fortune Brainstorm Tech in Park City, Utah, on Monday July 15th, 2024. (Credit: Steve Vargo—Fortune)

Fortune's Brainstorm Tech conference kicked off yesterday in Park City, Utah, and the speakers certainly had plenty to share. But I have to start with Wiz CEO Assaf Rappaport because—as I mentioned yesterday—Alphabet is reportedly close to buying his company for a whopping $23 billion, which would be a record for the Google owner.

Rappaport understandably didn’t have much to say about that. “As you can imagine, I can share very little if at all,” he told my colleague Allie Garfinkle. Wiz investor Philip Clark, of Thrive Capital, was marginally more forthcoming, but not much: “Every time we’ve made an investment, it’s with the expectation that we’re going to be long-term holders, and if we’re surprised to the upside in the interim, no-one’s going to complain.”

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