06 Jan TechCrunch | Cockroaches Versus Unicorns: The Golden Age Of Cybersecurity Startups
“Bob Ackerman, founder of Allegis Capital, has been investing in cybersecurity for more than 15 years […] there has never been a better time for cybersecurity entrepreneurs. And while the fundamentals have not changed, the exit dynamics may be changing.“
According to Gartner, worldwide information security spending reached $76.9 billion in 2015. As the frequency and intensity of hacks worsen,
security spending is expected to reach $170 billion by 2020. That’s more than 100 percent growth in five years.
Venture capital (VC) investments in cybersecurity startups continues to grow steadily (~40 percent each year over the past 5 years); 2015 may reach an all-time high, with projections of ~ $3.5 billion.
“Cockroaches Versus Unicorns: The Golden Age of Cybersecurity Startups.” TechCrunch, 6 January 2016. Web.