As our personal and professional lives have gone into flux, we've seen heartening evidence of the cybersecurity community's robustness and resilience. Both enterprises and startups are working diligently to cope with the effects of the COVID-19 outbreak and we remain cautiously optimistic about the industry's long term viability.
As seed-stage cybersecurity investors, it's our role to support our portfolio companies and the community in these uncertain times. We're in the unique position to facilitate the communication and collaboration between startups and the customers they serve.
YL Ventures is working on practical ways to serve the ecosystem and is speaking with our Venture Advisors, entrepreneurs, CISOs and other executives from our network to gather feedback and advice on how to move forward. Please see our first piece published by our Partner John Brennan on how entrepreneurs can navigate their relationships with customers during the COVID-19 era.
In spite of the difficulties, we're continuing to invest in new startups, carry on with follow-on rounds and support the industry in every possible way. We invite entrepreneurs and cybersecurity executives to get in touch. If there's any way we can be of service to you, please do not hesitate to reach out.
Co-Founder & CEO Eldad Chai shares why stories about data leaks continue to fill our news feed.
Remember to stay focused when kickstarting your business. Don’t lose sight of the importance of context and the particular subtext of your solution’s target vertical.
This is especially key when you’re validating your marketing strategy. For example, compliance-supporting products will still need to differ between healthcare and financial services, given that the former usually has a significantly smaller budget and can’t afford to take the same risks. It’s also alright to narrow in on a smaller portion of a large enterprise when selling your proof of concept. You may not be able to support a global deployment on your developing product, but you may still be able to demonstrate value in a segment of my network or business that is experiencing a specific challenge.
YL Ventures funds and supports brilliant Israeli tech entrepreneurs from seed to lead. Based in Silicon Valley and Tel Aviv, YL Ventures manages $260 million and specializes in cybersecurity. YL Ventures accelerates the evolution of portfolio companies via strategic advice and U.S.-based operational execution, leveraging a powerful network of Chief Information Security Officers and global industry leaders.