It’s always a gamble to establish a start-up, but if you were to choose any sector where you’d fancy your chances of success, it would surely be cybersecurity.After all, the cybersecurity market is estimated to grow to $224.48 billion by 2022, according to Statistics MRC, while CB Insights reports that venture capitalists (VC) invested $3.1 billion in a record 279 cyber-security start-ups last year, a far cry from the $833 million invested in 117 firms in 2010.Some notable companies have emerged in this time, Cloudflare, Tanium and Zscaler each raising $100 million or more, while specialized security VC funds and accelerators have appeared too.“There has never been more interest in cybersecurity, so we’re seeing increasing amounts of innovation in the field, and ever more start-ups too. It’s an exciting time,” says Alex Van Someren, managing partner of the early stage funds at Amadeus.David Cowan, partner at Bessemer Venture Partners, sends a cautionary note: “With VCs flocking to the cyber sector, even the bad start-ups get funded.”Either way, running a start-up is a huge challenge with many mistakes made along the way. Some get the product wrong, lack the right investment or jump into a saturated market. Others lack the skills,… Read full this story
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