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Those customers could go to cybersecurity rival — and Club holding — Palo Alto . Palo Alto shares have yet to see much of a bounce on the news, up just 2.7% since Thursday's close. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance We're long-term bullish on Palo Alto because of its stellar leadership with CEO Nikesh Arora at the helm, along with the company's dominance in its respective market as the only real soup-to-nuts cybersecurity play. It's CrowdStrike.. and Palo Alto, which with this 'platformization' strategy has started to do better," Cramer said. We currently have a 2 rating on Palo Alto shares and a price target of $360.
Persons: CrowdStrike, BTIG, Jeff Marks, Oppenheimer, Jim Cramer, Nikesh Arora, Jim, Cramer, Jim Cramer's Organizations: Palo, , Microsoft, Fortune, Guggenheim Securities, Scotiabank, Palo Alto Networks, Palo Alto, CNBC, Getty Locations: Palo Alto, Palo
A New York couple who bought their 16-year-old son a BMW were sentenced on Monday to three years of probation and 26 weeks of parenting classes after the teenager drove the car at speeds of more than 100 miles an hour, slammed into a truck and killed his passenger, a 14-year-old girl. The teenager, whose name has not been released because of his age, was arraigned last December on at least a dozen charges, including second-degree manslaughter and reckless endangerment of a child. He faces up to 15 years in prison if convicted. He had a junior driver’s license, which prohibited him from driving unsupervised under any circumstances in New York City, when in May 2023 he crashed his red 2005 BMW 325i into the back of a parked UPS truck in the Springfield Gardens neighborhood of Queens, prosecutors said. The teenage driver survived the crash with minor injuries, but his passenger, Fortune Williams, a freshman at a Springfield Gardens high school, was thrown from the car and pronounced dead at the scene, prosecutors said.
Persons: BMW, Fortune Williams Organizations: York, Springfield Gardens Locations: New York City, Springfield, Queens
The buzzy bot's technology — generative AI — could write emails, produce code, and materialize graphics in minutes. Generative AI can hallucinate, spread misinformation, and reinforce biases against marginalized groups if it's not managed properly. That's where a chief ethics officer comes in. AdvertisementRight now, though, companies aren't hiring people into these roles fast enough, according to Steve Mills, the chief AI ethics officer at Boston Consulting Group. She also engages with government leaders and other chief ethics officers.
Persons: , ChatGPT, it's, Steve Mills, Mills, Shankar, Christina Montgomery Organizations: Service, . Companies, Mckinsey & Company, Business, Boston Consulting, Fortune, International Association of Privacy Professionals, Intelligence Locations: Var, Science
Do you want to be happier? Here are 5 habits to adopt
  + stars: | 2024-07-21 | by ( Andrea Kane | ) edition.cnn.com   time to read: +7 min
We can develop new habits.”She and other researchers have observed happy people tend to have certain habits. Which habits can you adopt to increase your level of happiness? “Spending more quality time with your partner, spouse, or kids, or reconnecting with old friends, are sure-fire ways to increase your own and others’ average levels of joy,” Lyubomirsky said via email. Expressing gratitude will encourage you to appreciate your good fortune and help get you through the rest of the day or week, Lyubomirsky noted. And join us next week on the Chasing Life podcast when we explore what it means to live a good life.
Persons: Sanjay Gupta, Sonja Lyubomirsky, ” Lyubomirsky, Lyubomirsky, , it’s, you’ve, Organizations: CNN, University of California Locations: Riverside
Four years ago, Jack Ma was the embodiment of China’s spectacular economic rise. Already the country’s wealthiest and most famous businessman, he was poised to become one of the richest in the world. The expected initial public offering of Mr. Ma’s fintech company, Ant Group, was projected to surpass the record-shattering launch of his e-commerce giant, Alibaba. At the same time, another wealthy Chinese businessman was awaiting a very different fate. Mr. Xiao had amassed a fortune manipulating markets and cultivating close ties to relatives of top Chinese officials, and he was about to be made an example.
Persons: Jack Ma, Ma’s, Bill Gates, Steve Jobs, Xiao Jianhua, Xiao Organizations: Ant, The New York Times Locations: China
The Buffett Indicator is indicating US stocks might be overvalued. AdvertisementWarren Buffett's favorite stock market valuation indicator just hit a record high, signaling that stocks might be highly overvalued. The stock market experienced a painful year-long bear market shortly after the Buffett Indicator peaked in November 2021. But despite the Buffett Indicator's flaws, it is flashing a big warning signal for stock market investors at current levels, according to Bloomstran. Advertisement"I think it's screaming the cap-weighted stock market, the Wilshire 5000 [and] the S&P 500, is incredibly dangerous today.
Persons: Warren Buffett, Buffett, , Warren, Riley, Paul Dietrich, Chris Bloomstran, Semper Augustus, Bloomstran Organizations: Service, Buffett
Opinion | How Trump Sabotaged His Own Apotheosis
  + stars: | 2024-07-20 | by ( Ross Douthat | ) www.nytimes.com   time to read: +1 min
The six days that carried Donald Trump from the stage in Butler, Pa., to the rostrum at the Republican National Convention seemed at times like the buildup to a moment of total political domination, an apotheosis for the Republican nominee and confusion and defeat for his opponents. The image of Trump rising, alive and fighting and undaunted, under the red, white and blue. The cohesive and enthusiastic Republican convention that followed, complete with the anointing of a youthful vice president and heir apparent, all in contrast to the spectacle of a Democratic Party trying desperately to jettison its senescent standard-bearer. The promises of a conciliatory and unifying acceptance speech, finally delivering the “presidential” Trump that Republicans have strained to see these last eight years. For the first nearly 20 minutes of the speech, as Trump walked the audience through the experience of surviving an assassin’s bullet, the apotheosis seemed to be on track.
Persons: Donald Trump, Trump, ” Trump, transmuting, Joe Biden, Kamala Harris Organizations: Republican National Convention, Republican, Democratic Party, Republicans, Trump Locations: Butler, Pa, shapelessness
Read previewIf you're hoping to use ChatGPT to get a leg up on job applications, you might just be shooting yourself in the foot. While companies have been leveraging AI to automatically weed out résumés, job seekers have begun responding with chatbot-generated applications to keep up — and employers are noticing. AdvertisementWhen Knutzen took his concerns to a LinkedIn post, other employers reported seeing a similar trend of a spike in AI-written job applications. "I went over to ChatGPT and I put in our live job posting, and I said give me a cover letter," Hallman told Insider. AdvertisementShe said that applicants using the same chatbot-written responses become lost among their identical competitors.
Persons: , Jakob Knutzen, Knutzen, Christina Hallman, Hallman, it's, she's, iCIMS, Gen Z, It's Organizations: Service, Business, , Fortune, Jobscan
Timeline: How the CrowdStrike outage unfolded
  + stars: | 2024-07-20 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +10 min
Washington, DC, public transportation services — including trains and buses — begin experiencing delays, according to the Washington Metropolitan Area Transit Authority. At 5:30 a.m., US cybersecurity firm CrowdStrike tells customers that it was “aware of reports of crashes” of its software on Microsoft Windows operating systems, according to a company advisory viewed by CNN. Australian lenders ANZ and Westpac were also impacted, according to Downdetector, a website that tracks cyber outages. Other states also report impacts to their driving services, including Georgia, North Carolina, Texas and Tennessee. CrowdStrike would take steps “to prevent anything like this from happening again,” according to a statement on the company’s website.
Persons: Ted Wheeler, they’re, We’re, Charlotte, Biden, Joe Biden, George Kurtz, , Brigham, Dana, Blood, Andrea Cefarelli, Jenny Ficenec, , Kurtz, CrowdStrike Organizations: New, New York CNN, Federal Aviation Administration, American Airlines, FAA, Allegiant Airlines, Spirit Airlines, Washington Metropolitan Area Transit Authority, Metropolitan Transportation Authority, Microsoft, CNN, CrowdStrike’s, Fortune, White, National Security, Global, Australia’s Commonwealth Bank, Bank of Israel, ANZ, Westpac, ASB Bank . Portland, Emergency, Dispatch, United Airlines, Air Lines, Hartsfield Jackson International, Charlotte Douglas International Airport, , Miami International Airport, Customs, Border, Alaska State Troopers, Phoenix Police Department, Computer, Police, Rescue, Federal Communications Commission, US Department of Homeland Security, CrowdStrike, Social, US Department of Justice, UPS, FedEx, Massachusetts Department of Transportation, Vehicle, Mass, Penn Medicine, Northwell, Emory Healthcare, Farber Cancer Institute, Memorial Sloan Kettering Cancer Center, Provincial Health Services Authority, New York Blood Center, Northeast, Centers of America, Assurance Locations: New York, Alaska, Arizona, Delta, United, Washington, DC, New York City, North, Georgia, North Carolina , Texas, Tennessee, Massachusetts, Pennsylvania, Atlanta, Boston, British Columbia, New, Northeast United States, North Carolina, Virginia
Security experts said CrowdStrike's routine update of its widely used cybersecurity software, which caused clients' computer systems to crash globally on Friday, apparently did not undergo adequate quality checks before it was deployed. The latest version of its Falcon Sensor software was meant make CrowdStrike clients' systems more secure against hacking by updating the threats it defends against. Patrick Wardle, a security researcher who specializes in studying threats against operating systems, said his analysis identified the code responsible for the outage. It's unclear how that faulty code got into the update and why it wasn't detected before being released to customers. Other security companies have had similar episodes in the past.
Persons: Steve Cobb, Patrick Wardle, John Hammond Organizations: Dusseldorf Airport, Microsoft, Huntress Labs, Fortune, Infrastructure Security Agency Locations: Dusseldorf, Germany, U.S
In the hours after the American cybersecurity firm CrowdStrike deployed a flawed software update that crippled critical businesses and services around the world, scammers pounced. Government agencies and businesses have warned that the panic caused by the CrowdStrike crash on Friday has given criminals an opening to take advantage of customers who are looking to reschedule flights, access banking information or fix their technology. CrowdStrike provides cybersecurity for some 70 percent of Fortune 100 companies, so the crash led to widespread failures that grounded planes, crippled businesses, disrupted 911 emergency systems and delayed banking transactions. Thieves online are using the confusion to carry out a variety of scams, including phishing attempts, the U.S. Cybersecurity and Infrastructure Security Agency said. The National Cyber Security Center in the United Kingdom issued a similar statement noting that an “increase in phishing referencing this outage has already been observed.”
Persons: CrowdStrike, pounced, Organizations: Government, Fortune, Cybersecurity, Infrastructure Security Agency, Cyber Security Locations: U.S, United Kingdom
For millions of people, the global technology outage on Friday was a source of distress. But for a small group of corporate workers, the global outage brought a welcome kind of chaos: a snow day in the middle of July. Some workers affected by the outage shared images of their computers on social media captioned “happy international blue screen day,” referencing the error messages that overtook screens during the outage. On TikTok, users posted about clocking in only to find “the blue screen of death” (or hoping they would, for an extra day off). JPMorgan, Bank of America and BlackRock were among the large financial firms affected.
Persons: Ferris Organizations: Hospitals, Fortune, JPMorgan, Bank of America, BlackRock Locations: cubicles
The CrowdStrike software at fault operates at what’s called the kernel level of a computer, a much deeper level than what more ordinary applications such as browsers or video games do. For businesses with hundreds or thousands of laptops, desktops and servers running CrowdStrike’s security software, an individual human may have to perform that process over and over and over again. Because CrowdStrike’s security software is running on countless individual computers all around the globe, the update that got pushed to those devices caused them all to shut down, virtually simultaneously. The CrowdStrike bug may have initially been conflated with the Microsoft issue because CrowdStrike’s error affected only Windows machines. As of Friday morning, Microsoft said the issue with Microsoft 365 had been resolved and that the situation was improving.
Persons: , Troy Hunt, CrowdStrike, Kevin Beaumont, rebooting, Ira Bailey, Kenn White, ” White, “ It’s, Andrew Peck, ” Peck, Satya Nadella, Beaumont, ” Beaumont, Olesya Dmitracova Organizations: CNN, Microsoft, Machine, ” Microsoft, Fortune, IT, Loughborough University Locations: what’s, America
CNN —The global computer outage affecting airports, banks and other businesses on Friday appears to stem at least partly from a software update issued by major US cybersecurity firm CrowdStrike, experts told CNN. The issue is specific to Falcon, one of CrowdStrike’s main software products, and is not impacting Mac or Linux operating systems, according to the advisory. CrowdStrike’s cybersecurity software — used by numerous Fortune 500 companies — detects and blocks hacking threats. Like other cybersecurity products, the software requires deep-level access to a computer’s operating system to scan for those threats. CrowdStrike is perhaps best known for investigating the Russian hack of Democratic National Committee computers during the 2016 US election.
Persons: CrowdStrike, , George Kurtz, Kurtz Organizations: CNN, Microsoft, Fortune, CrowdStrike, Democratic National Committee
And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.
Persons: Dana, Bob, , Lee, you’ll, it’s, didn’t, Nobody, , I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, , Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, , Lambs, University of Georgia, , U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway
How a Software Update Crashed Computers Around the World And why this CrowdStrike outage is harder to fix. But the outage that sent computers crashing around the world on Friday was unique — and meant that resolving the problem has been much harder and time-consuming. It started with faulty code pushed directly to PCs by CrowdStrike, a cybersecurity firm that says it’s used by more than half of Fortune 500 companies. The faulty code caused the affected machines to enter an endless loop of reboots, taking them offline. Unless experts find a way to fix the machines remotely, each one will have to be fixed individually by a person manually removing the faulty code.
Organizations: CrowdStrike, Fortune
How the world’s tech crashed all at once
  + stars: | 2024-07-19 | by ( Sean Lyngaas | ) edition.cnn.com   time to read: +4 min
CNN —When computers and tech systems around the world went down Friday, snarling airports, closing Social Security offices and limiting jail operations, many people had one question: How on Earth could this happen in 2024? CrowdStrike is everywhereNumerous Fortune 500 companies use CrowdStrike’s cybersecurity software to detect and block hacking threats. Computers running Microsoft Windows — one of the most popular software programs in the world — crashed because of the faulty way a code update issued by CrowdStrike is interacting with Windows. Anne Neuberger, a senior White House tech and cybersecurity official, spoke of the “risks of consolidation” in the tech supply chain when asked about the IT outage on Friday. The infamous hack of the US government using SolarWinds software in 2020, which US officials blamed on Russia, came through a tampered software update.
Persons: Costin, CrowdStrike, Munish Walther, Puri, , ” Walther, Anne Neuberger, ” Neuberger, ” Tobias Feakin Organizations: CNN, CrowdStrike, Windows, White House, Aspen Security Locations: New York, Russia, Russian
On Friday, the cybersecurity firm experienced a major disruption following an issue with a software update. CrowdStrike is a cybersecurity vendor that develops software to help companies detect and block hacks. In the case of Friday's outage, machines running Microsoft's Windows operating system crashed due to a fault in the way a software update issued by CrowdStrike interacted with Windows. We approximate impact started around 19:00 UTC on the 18th of July," Microsoft said in an update at 5:40 a.m. Unless Microsoft and CrowdStrike (if they are involved) pull something miraculous out of the bag, this could be painful to recover from."
Persons: George Kurtz, Patrick T, CrowdStrike, , Kurtz, Andy Grayland, They'd Organizations: CrowdStrike Inc, Montgomery Summit, Fallon, Bloomberg, Getty, TV, CNBC, Fortune, Windows, Machines, Microsoft, CrowdStrike, Linux Locations: Santa Monica , California, Texas, U.S
Biden's feud with Musk is far from over
  + stars: | 2024-07-18 | by ( Alexandra Bacon | ) www.businessinsider.com   time to read: +4 min
Origins of their feudEarly into Biden's presidency, Musk began criticizing the administration's policy choices. The Tesla CEO took strong issue with Biden's approach to Tesla. "This administration has done everything it can to sideline & ignore Tesla," Musk posted back in 2022. The Tesla CEO replied : "Thank you, Tesla is happy to support other EVs via our Supercharger network." In April 2024, Musk posted on X that "Biden doesn't really know what's going on.
Persons: , Elon Musk, Joe Biden, Biden, Musk, Fortune, mused, didn't, Jen Psaki, Tesla, Mary Barra, He's, Trump Organizations: Service, Business, White, White House Press, General Motors, Companies, GM, Ford, ESL, Democratic Locations: America
Skills are "far more important" than having a college degree for many jobs, he added. Dimon said JP Morgan Chase has eliminated degree requirements for most jobs at the bank and pivoted toward more skills-based hiring. About 80% of JP Morgan Chase's current roles for "experienced hires," or candidates with full-time work experience, don't require a college degree, a company spokesperson confirmed to Fortune. For context, 62% of Americans don't have a college degree, according to the latest Census data. That means degree requirements can lock out millions of job seekers with alternative qualifications from high-paying opportunities.
Persons: Jamie Dimon, Dimon, Morgan Chase, JP Morgan Chase's, It's Organizations: JPMorgan Chase, LinkedIn, Wall Street, Ivy League, McKinsey & Co, Harvard Business School's, Glass Institute, CNBC
These 10 U.S. states have America’s best economies in 2024
  + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com   time to read: +13 min
We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.
Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida
Hilton Honors used to offer free breakfast for all members with Gold and Diamond elite status. Introduction to Hilton Free BreakfastOne of Hilton's most lauded and customer-friendly policies has been its free breakfast benefit for all members with Hilton Gold or Diamond elite status. Overview of the BenefitThe Hilton breakfast offering has changed over the past couple of years, for better or worse. Below are all the cards that net you either free breakfast or food and beverage credits with Hilton:Participating Hilton BrandsFull-Service vs. Limited Service BrandsMany Hilton hotel brands offer free breakfast to all guests. Yes, the free breakfast benefit is available at many international Hilton properties, but offerings and eligibility may vary.
Persons: Hilton, you've, You'll, Conrad LXR, you'll Organizations: Business, Hilton, Gold, Diamond, Hilton Free, Hilton Gold, Hilton Hilton, American, Honors, Service Brands, Embassy, you'll, Boston Chicago District of Columbia New, Boston Chicago District of Columbia New York City San, Boston Chicago District of Columbia New York City San Francisco Key Largo Key West, Boston Chicago District of Columbia New York City San Francisco Key Largo Key West Los Angeles Hawaii You'll Locations: Bora, Seychelles, Hampton, Tru, Homewood, Boston Chicago District of Columbia New York, Boston Chicago District of Columbia New York City San Francisco, Boston Chicago District of Columbia New York City San Francisco Key Largo Key West Los Angeles, Hilton, Chevron
Exactly seven weeks ago, Donald J. Trump was found guilty of 34 felony counts in Manhattan, an unprecedented conviction of a former president that looked like a political rock bottom. Since then, the Supreme Court handed him a critical legal victory that threw those felony convictions and more cases into limbo. President Biden’s disastrous debate plunged the Democratic Party into a rolling crisis. Thursday night, when Mr. Trump accepts the Republican presidential nomination for the third time, will be the culmination of an extraordinary run of good fortune and a testament to his political instincts. His address will also in many ways serve as the Republican Party’s coronation of a leader who went from rattling the conservative establishment to refashioning it entirely in his image.
Persons: Donald J, Trump, Biden’s, Organizations: Supreme Court, Democratic Party, Republican National Convention, Republican Locations: Manhattan, Milwaukee
Courtesy of Tess WaresmithHer current portfolio: real estate, index funds, individual stocks, crypto, and cashWaresmith has continued to diversify her portfolio over the years. "But then there are other ways to diversify within the stock market and also outside the stock market. "I think there's a misconception around real estate investing that you have to have 300 units to be successful," she said. In her case, the first deal she did was "a total game changer and allowed me to invest more in the stock market. The stock market: index funds and individual stocksWaresmith prefers index funds because "it's such an easy way to get exposure to the whole stock market," but a small portion of her portfolio, less than 5%, is in individual stocks.
Persons: , Tess Waresmith, Waresmith, Tess, Waresmith's, I've, she's, I'm, It's Organizations: Service, Boston University, Fortune, Business, BU, America Locations: New England, America, Tampa , Florida, Salem , Massachusetts, Tampa, Massachusetts
Not really," Chaudhry, the billionaire founder and CEO of cloud security company Zscaler, tells CNBC Make It. Together, they plunged their life savings — roughly $500,000 — into SecureIT, a cybersecurity software startup they co-founded in 1997. His timing was perfect: In 1998, Chaudhry sold SecureIT to VeriSign in an all-stock deal worth nearly $70 million. I said, "If [Netscape co-founder] Marc Andreessen could start a company — he was a young guy [right] out of college — why shouldn't I start a company?" It took us a few years to really start getting traction in the market, and VCs can write you off and move on.
Persons: Jay Chaudhry, he'd, Chaudhry, Jyoti, SecureIT, Chaudhry —, , Marc Andreessen, Let's, we'd, Zscaler, you'll, VCs Organizations: IBM, Unisys, CNBC, Netscape, Atlanta, Software, BellSouth, Fortune, Forbes, IDC, Gartner, VCs Locations: India, SecureIT, Atlanta, Alpharetta , Georgia
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