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Sid Trivedi on the RSA Innovation Sandbox $5 million investment gambit
Published 1 year, 3 months ago
Description
Episode sponsors:
- Binarly (https://binarly.io)
- Binary Risk Hunt (https://risk.binarly.io)
In this reboot of the Security Conversations interview series, Foundation Capital partner Sid Trivedi weighs in on major changes to the RSA Innovation Sandbox, the mandatory $5M uncapped SAFE investment for all 10 finalists, and red-flag concerns around discounts and pro-rata rights.
Also discussed: controversial pay-for-play dynamics involving CISOs and venture capital firms, ethical implications of CISOs taking advisory positions in startups, and the challenges of investing in seed-stage startups amidst a trend towards platformization.
Links:
- RSA’s Innovation Sandbox: Cybersecurity Startups Must Accept $5 Million Investment
- RSA Innovation Sandbox: $50 Million Annual Investment Program for Top 10 Finalists
- RSA Conference - How do SAFEs work?
- This VC Built A Cybersecurity Unicorn Machine. Then Came A Conflict Of Interest Mess.
- The Gili Ra’anan model: CISOs and VCs controversy
- Sid Trivedi bio
- Foundation Capital