Hi blinders Today I write this post to WARN the tech community about a really shady company called Lacework. Lacework is a cybersecurity pre-ipo company primarily focused on Cloud security started in 2015. Once it was a very promising company company with $1.8B funding in total from big players like SHV, Snowflake ventures etc. Due to this a lot of engineers from Meta, Google, Amazon etc joined Lacework only to leave after a year later. However, the leadership, the exec team and managers are arrogant, incompetent and egoistic douchebags who have no clue how to build and scale an enterprise security product or service. They ignore the data and requests provided by customers and gtm teams. The company morale is at all time low and work culture is extremely political and toxic. The ARR is flat for past 6 quarters and well below our competitors like Wiz, Snyk, SentinelOne, Crowdstrike etc. Our Customers are leaving as lacework has serious product gaps and scalability issues. Lacework has less than 5% share of fortune500 customers. Most of them prefer our competitors who have grown 3X or 4X in past 5-6 quarters whereas Lacework’s growth rate is 1.1X. Our revenue is almost flat for more than a year. Avoid SRE (or DevInfra) like Plague. In Jan2024 itself there were 6 resignations. Everybody(including myself) is doing Resume Projects and adding em’ to the roadmap. Basically everyone is trying to getout. A lot of engineers who came from Meta have gone back or joined other cybersecurity companies. TC: 250k (not including options as they are worthless) YOE: 7 #faang #lacework #meta #aws #swe #cybersecurity
Lacework is in a lawsuit with Wiz over Intellectual Property. Both Lacework and Wiz have founders who came from Checkpoint.
The engineering is not top tier. Pedigree yes, reality no. Pedigree-focused hiring screwing them as is the loop-out thing.
I was offered a L5 in 2022. I wanted a L6 but they didn’t budge. Guess I dodged a bullet.
How is abnormal a competitor?!?
Correct. Updated with Crowdstrike!!
Ty
OP forgot to mention that it is meta leadership’s lack experience and domain knowledge in cloud security and risk management, and in building products for enterprise software, and instead focusing on infra/ resume projects that customers don’t care about, which is ruining the company.
I think the winners will be Snyk (I’m biased, ok) and Wiz when it comes to the private unicorn types, and CrowdStrike (which does a bunch of other stuff super well) in terms of the big dogs. There are so many private companies that are going to have to M&A/dissapear.
Crowdstrike is like 80-90% useless fraud.
You hate us because you ain’t us
Tech Industry
10h
479
How’s capitalism going?
Ask Blinders
21h
946
Why Pronouns shit captured US ? I don’t see this anywhere else
2024 Presidential Election
17h
1257
Uh oh: President Trump leads Biden 49% to 43% in a two-way race.
AMA
Yesterday
3184
I have worked at TikTok US core tech for 3 years. AMA.
Health & Wellness
14h
900
Issues with sleep
This space has so many players I do wonder how they can all keep growing..
this
Like any industry, monopolies and top players would come out. And they wud take the pie from others.