Mon. 10/22 - Fred Wilson Wants You To Vet Your Venture Funders
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 22 October 2018
⏱️ 16 minutes
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| 0:00.0 | Welcome to the Tech Mem Ride Home from Monday, October 22, 2018. I'm Brian McCullough. |
| 0:09.0 | Today, Facebook wants to buy some cyber security. |
| 0:13.7 | Washington wants to know what Silicon Valley will do for its country. |
| 0:17.9 | Fred Wilson wants you to ask yourself if your investors are bad actors. |
| 0:22.3 | And stealing a Tesla by hacking the entry file here's what you |
| 0:27.0 | miss today in the world of tech. Today the information is reporting that Facebook is looking to acquire a |
| 0:36.0 | cyber security company. That's not a big shock to regular listeners of this pod |
| 0:40.6 | as every week and seemingly every day there's some sort of news related to |
| 0:45.4 | Facebook and data privacy, hacks, spam, you name it. |
| 0:49.9 | It's clear that Facebook wants to be seen investing in cybersecurity in an effort to |
| 0:55.0 | boost its reputation around security and of course to actually help secure |
| 0:59.2 | customer data against hackers. According to the report, Facebook has created an internal team devoted to finding |
| 1:06.0 | cyber security companies that are willing to be bought. Facebook declined to comment to the information. |
| 1:12.2 | But this wouldn't be the first time Facebook has acquired a cybersecurity company. |
| 1:15.6 | In 2014, it bought Private Corps which handles server side protection. |
| 1:20.4 | However, it appears that this time, whatever company Facebook buys will be focused on a different |
| 1:26.1 | part of the stack, perhaps maybe a firm that analyzes patterns of user logins or other analytics might fit the bill. Another possibility would be a company |
| 1:35.4 | that implements user-level security features to beef up the resilience of the core Facebook |
| 1:40.6 | log-in. Regardless of what kind of company comes in, a key reason for this acquisition is simply |
| 1:46.9 | to increase the number of skilled security experts Facebook employees. |
| 1:50.8 | That was one driver behind the private core acquisition. |
| 1:53.0 | But Facebook will face some hurdles in buying into this sector. |
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