Google's acquisition of Wiz for $32 billion demonstrates remarkable returns for investors, notably Sequoia and Cyberstarts. Sequoia stands to gain approximately $3 billion, but Cyberstarts, with its initial $6.4 million investment, is set to return around $1.42 billion, achieving a 222x multiple. Cyberstarts, founded by former Sequoia partner Gili Raanan, illustrates the potential of early-stage venture capital, confirming the value of backing promising startups. The small $54 million fund's success serves as an impressive example in venture capital history.
Cyberstarts is going to have one of the best returning funds in VC history. This investment was done out of their inaugural fund, a good reminder that Fund 1 can be amazing one to back as a LP.
Cyberstarts invested $6.4 million from its first $54 million fund towards Wiz's seed round in February 2020, with a total return to $1.42 billion - a remarkable 222x return on the original investment.
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