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Ray Rothrock, Venrock partner, on cybercrimes and why investing in data security companies is a smart move in today’s market.
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And -- security Cummings last year it's almost double the amount in 2010.
Well joining us to talk about why data security is -- hot investment right now -- rock -- a partner at the bedrock -- -- -- being with us right now.
You know we know the government has already made a push to.
Put out more.
Cybercrime specialist -- -- the government is coming down on this too right they want to get wrapped our arms around this.
So does that mean there are going to be more private cyber securities companies out there for people who invest in.
Absolutely they'll be a lot of private security companies for people to invest in.
It's it's a growing market and the threats continue to change in -- every day.
So where are you focusing our attention are you focusing in on.
Cyber security -- online things like that are we focusing on airport security to Wear a particular -- -- in the money.
-- primarily in cyber security as the world has gone mobile there are now more mobile phones there are PCs.
And communications are free everything's traveling on your person in your mobile.
And -- -- yourself -- here iPad or whatever it is and so tracking that data keeping up offended if it gets lost or stolen physically stolen.
You gotta build a managing clothes that data down.
And that's very important because.
Corporations need to have control information if they don't -- they get in trouble and sometimes they -- find for.
We're seeing it happen all the time to.
I know you you got a really good history in this industry right double click checkpoint.
You've seen this stuff grow and I guess now being on the other side of it for trying to protect it.
What's really hot for you coming down the -- the people should be looking -- Well I think yet knowing what's in that mobile phone the mobile phone contains lots asked who download several -- month I'm sure you probably have a hundred on your mobile phone.
And they have data in them.
And sometimes that data is stuff that should be protected we have a company called authority in San Francisco which is all about X ray -- applications and revealing what's inside them that the corporation may not want to know.
There's a whole segment of technology that's managing those mobile devices and this company works with all those companies to make it happen.
It's the other is as the cloud as it's you know what that has the -- it's -- where everything lives.
You've put that -- up there we got a long -- that -- secure and safe and as it moves from point a to point B.
And collaboration McLeod is is happening as we speak we have another company -- terra which is all about coordinating.
That data across the cloud across the different physical sites.
And being used by people within a particular -- because may not matching that data encrypting -- -- controlling it is very.
'cause we know that cloud could be have to mean we're hearing about it you know just today explosion of the story out about how some loans.
Cloud was -- and they got into other stuff so I wanna invest in these companies I -- -- I find them.
Well eventually -- -- public can now that'll be you know good things for other public investors to get a hold of because these are growth industries and you know the public markets -- growth stocks.
So in small companies though they sometimes they don't always work out -- you pass along fail and for individual investors to invest in small little companies it could possibly fails probably not.
The good use of your capital you know so he should try to get -- institutions that have access to venture capital accounts in places like that.
But wait for the legal public because of public you know like checkpoint right we invested very rarely known as private it's now worth ten billion dollars today.
And that most of that growth has come after the -- I gotta ask you quickly -- -- that -- said -- earlier it's a little bit of a dangerous business can you quickly tell us what happened that there are some threats to you for investing in the stuff right.
All every night you know really can't talk about the the stuff we invest in is so generic -- out there there there's so many ways that the threats can come matching its you know.
People can't do -- just to -- your responses I think.
So yeah it's not so -- I hear that it's worth the investment -- bill anyway right re -- absolute and -- thank you were taken at times there.
You bet thank you are Manchester United claims to have over 650.
Million fans worldwide.
-- -- stage -- one of them.
But does that mean investors aren't they on the team up next and take a look at the stock is due -- day one and where it could be heading.
That we do it every day it is happening because -- -- ten and thirty year treasuries.
Down four basis points -- One point 65% on the ten year.
