Artificial Intelligence & Machine Learning , Events , Next-Generation Technologies & Secure Development
Cybersecurity Startup Ecosystem: A VC's Perspective
Ryan Permeh of SYN Ventures on Finding Novelty, TAM in Startups
SYN Ventures outlined three critical factors to consider when evaluating startups: the team, technology and Total Addressable Market, or TAM. Startups must understand the problems they are solving and create a unique position in the market.
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"This can be achieved through a defensible moat that prevents competitors from entering or by offering a truly distinctive approach to the problem and its solution," said Ryan Permeh, founder and CEO, Cylance - now BlackBerry - and operating partner, SYN Ventures. "We have supported numerous first-time founders, spending considerable time assisting them in developing go-to-market strategies and establishing connections with design partners."
Permeh discussed the industry's collective battle against evolving adversaries, underscoring the continued importance of data security at the core of AI advancements.
In this video interview with Information Security Media Group at RSA Conference 2024, Permeh also discussed:
- The fundamentals of selecting investment-worthy startups;
- Trends in the evolving threat landscape of cybersecurity and AI;
- Aspects commonly overlooked in startup pitches to venture capitalists.
Permeh's extensive experience in the security technology space, including product development, services and research, underscores his insights into achieving cost-efficient, measurable improvements in security risk within software.
