Nikesh Arora, who advised against WeWork deal at SoftBank, says cash doesn't always win.
"Money in the right hands and right founders, right potential long-term platforms works," Arora said. "But it doesn't work willy-nilly on every pet walking and hotel room renting website."
Arora served as chief business officer at Google prior to becoming president and operating chief of SoftBank in 2014. He left abruptly two years later, amid criticism from investors about his performance.of cybersecurity vendor Palo Alto Networks. The company's stock price is up about 8% since he joined, underperforming the S&P 500, which has gained 12%.Arora said this is the first time he's worked at an enterprise company and highlighted the fragmented nature of the cyber market.
"Cybersecurity is a $140 billion industry in revenue on an annualized basis," he said. At about $3 billion in sales, "we're the largest player," alongside
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US Treasury Secretary vows more economic sanctions on IranTreasury Sec. Steven Mnuchin pledges to increase economic sanctions against Iran, claiming the administration's 'maximum pressure campaign' is halting Iranian aggression.
Leer más »
Rian Johnson’s Former Agent Sues CAA Over ‘Star Wars’ CommissionsRian Johnson’s former agent filed suit against Creative Artists Agency on Monday, claiming the agency worked behind his back on a “Star Wars” deal while Johnson was still his clie…
Leer más »
Grocery stores are no longer the future for some consumer goods brands, says new VC founderGetting mass distribution on the shelves of huge retailers may not be the best way forward for new consumer-goods brands, according to the co-founder of a new venture capital (VC) business The Craftory.
Leer más »
Geena Davis receives honorary Oscar for work against gender biasActress Geena Davis urged Hollywood filmmakers to take new steps to address an o...
Leer más »
Stacey Solomon works against the clock to get house tidied before jetting offStacey had just 12 hours to get everything in the house sorted before she and her boys had to fly to the Maldives
Leer más »
Christina Anstead's Anniversary to Ant Proves Life Always Works OutFlip or Flop's Christina Anstead celebrates a special anniversary with Ant Anstead. The couple got married in a secret ceremony and have a baby together.
Leer más »