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Equity

Wiz's first investor breaks down Google's $32B acquisition

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2372 Ratings

🗓️ 13 March 2026

⏱️ 40 minutes

🧾️ Download transcript

Summary

According to Index Ventures Partner Shardul Shah, cybersecurity startup Wiz sits “at the center of three tailwinds: AI, cloud, and security spend.” Those tailwinds powered what just became the largest venture-backed acquisition in history — Google's $32 billion deal, finalized after a declined 2024 offer, antitrust review on both sides of the Atlantic, and an extra $9 billion to sweeten the pot.    On this episode of TechCrunch's Equity podcast, Anthony Ha, Rebecca Bellan, and Sean O'Kane sit down with Shah to dig into what made Wiz worth that price tag, and also cover more of the week's headlines.    Listen to the full episode to hear about:  Why a DOGE employee allegedly walked out of the Social Security Administration with a thumb drive full of personal data, and the questions it raises about access to sensitive systems  Taya and Sandbar, the latest startups betting voice is the next big AI interface — but do normal consumers agree?  Palmer Luckey raising for a retro gaming startup at a $1 billion valuation  Meta’s acquisition of Moltbook, the viral AI agent social network  The latest in the Anthropic vs. DoD saga, including tech workers at OpenAI, Google, and Microsoft signing their names on a legal brief in support of Anthropic  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.    Chapters:  00:00 Intro  00:16 Did a DOGE employee steal your SSN?  02:53 AI note-taking wearables are back: Taya & Sandbar  09:18 Palmer Lucky's retro gaming startup ModRetro  13:39 Meta acquires AI agent social network Moltbot  18:54 Inside Google's $32B Wiz acquisition with Shardul Shah  28:41 Anthropic's lawsuit against the DoD  38:40 Outro  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Presented by Dot Tech Domains, where tech founders find sharp memorable names for their tech startups.

0:05.7

Hello and welcome back to Equity TechCrunch's flagship podcast about the business of startups.

0:10.8

Today is Friday, March 13th. I'm Anthony Ha, and I'm joined by senior reporters Rebecca Boulon and Sean O'Kane.

0:17.9

Rebecca, for our lead store, we have something that's a little scary. Do you want to tell us

0:21.5

about it? Yeah, well, I mean, it is Friday the 13th, so why not get a little spooky, right? So

0:26.0

a Doge employee stole social security numbers. I'm sure it shocks you all to learn that this

0:33.3

happened. A whistleblower claims that a former Doge employee copied two restriction SSA databases

0:39.2

onto a thumb drive before leaving the agency and then apparently went and bragged about it as like,

0:45.6

here's all the data I'm going to use for my new company. The names, by the way, of the files were

0:50.5

numidant and master death file. So I'll just I'll just stop there and let you guys.

0:56.7

Very on brand for Friday the 13th. You're right. Yeah. Yeah. I mean, it's nice to check in on

1:02.5

where things wound up, isn't it? After, you know, we still don't know how far, how far this is

1:08.4

gone. I mean, this was the this was the concern right like last year when a bunch

1:13.0

of these people were going into different agencies and doing things you know breaking down walls

1:17.2

physical or or metaphorical this was always the concern and i think a lot of people who follow

1:22.3

this stuff really closely and were really dug into this you know basically saw this coming

1:27.4

and so you know it's a shame that we have to get to a whistleblower coming out now and saying that this is what happened, but now we know what happened. This news, if it sounds a little bit familiar, it's because there were other reports, you know, last year about Doge and like, oh, they have access to this, what they shouldn't have. And it seems like the security protocols are really

1:44.2

not being followed or respected here. As far as I can recall, this is the most extreme version where it's not

1:49.4

just, hey, this is a risk, but actually somebody walked, you know, apparently walked out with this data.

1:54.7

We should note that the Trump administration is calling this fake news and saying that, you know,

1:59.0

essentially the Washington Post, which broke this story,

2:01.4

is just trying to get clicks. But it does seem very consistent with a lot of other reporting.

...

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