We're all about this, obviously.
Spotlight: Continued focus on cyber. Does ransomware pique your interest? Well, obviously, it's one of the biggest attack vectors today. And what we're seeing is that no one is immune.

You basically have small businesses, hospitals, and government agencies. You saw recently that at Starbucks, the baristas couldn't access their schedules because of a ransomware attack. And it's pretty prevalent across all industries today, affecting one in ten companies each year,

according to JPMorgan.
What are the best ways of preventing this?
How is the technology changing to ensure we're attracting unique founders to this space? Well, we're always looking for new solutions to prevent an

attack from happening.
And that's the key—first, try to prevent it.
And what that means is trying to understand the activity or behavior of a ransomware attack, which is ultimately to encrypt data on your computer and exfiltrate it.

But the most important thing now is to be prepared to recover. How do you ensure you can decrypt your data successfully and get all your data back without paying the ransom, which is their goal?
Has that been one of the most fruitful

areas for allocation right now?
Cybersecurity is so prevalent.
More generally, we're also worried about supply chain threats.
Where else have you seen opportunities to invest?
Well, you talked about supply chain

security. You know, we saw a major attack on SolarWinds, which hit 18,000 companies. And what we saw then was an executive order from President Biden that said every company needs to take supply chain security very seriously. And ultimately, that gave rise to a

whole new set of companies, companies like StackLock, Chain Guard, and a number of others that are now actively providing solutions to businesses to protect their supply chains. We finally saw interesting because, of course, you were a CEO yourself. You're also appointed to President

Barack Obama's management advisory board. You understand how politics works hand-in-hand with leading businesses. How are you advising your portfolio companies now as we start to look towards the next administration in 2025? Well, I think it's going to be an

interesting opportunity for a lot of companies. The biggest trend that we've all been talking about is AI, and AI is going to completely change how many of our businesses work. The attackers, you know, we've talked about security.

What we're seeing is that they can be so much more aggressive now on targeted phishing attacks that are custom-made to really get somebody to react. You know, we're seeing deepfakes. And so we're telling all our companies, how do you take advantage of AI? And then the new administration, I

think, will give us opportunities to drive potentially consolidation, M&A. And we're hoping that the IPO market comes back in 2025.

Rise of Ransomeware Reveals Cybersecurity Opportunities

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Rise of Ransomeware Reveals Cybersecurity Opportunities

Rise of Ransomeware Reveals Cybersecurity Opportunities

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