E18: Why Mastercard Acquired Recorded Future for $2.6 Billion

22/09/2024 19 min
E18: Why Mastercard Acquired Recorded Future for $2.6 Billion

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Episode Synopsis

SummaryIn this episode of the In/Organic Podcast, host Christian Hassold explains the “why” behind MasterCard's $2.6 billion acquisition of Recorded Future. Christian’s breakdown of the acquisition story explains Recorded Future’s role in cybersecurity, national security, and how the CIA venture arm, In-Q-Tel landed on their cap table. The discussion includes context on the origins of Recorded Future, its unusually limited capital requirements, and how Recorded Future has likely out performed many other companies that achieved near billion-dollar valuations over the past five years.TakeawaysMasterCard acquired Recorded Future for $2.65 billion.Recorded Future is a significant player in cybersecurity.The CIA's investment highlights the strategic importance of Recorded Future.Cybercrime poses a $9 trillion threat globally.Recorded Future provides intelligence for both businesses and governments.Recorded Future's growth rate was impressive at 25% CAGR.The deal represents a 7.8x revenue multiple, indicating strong market confidence.Chapters00:00 Introduction02:43 Overview of Mastercard's Acquisition of Recorded Future03:20 Analyzing Mastercard's Acquisition Strategy03:56 Use Case: Credit Card & Fraud Transactions07:31 Use Case: Protecting & Defending Assets10:02 What Is Recorded Future?12:33 In-Q-Tel and CIA's Involvement18:22 What’s Next for Recorded Future?18:58 ConclusionConnect with Christian & In/organic PodcastChristian's LinkedIn: https://www.linkedin.com/in/hassold/In/organic on LinkedIn: https://www.linkedin.com/company/inorganic-podcastIn/organic on YouTube: https://www.youtube.com/@InorganicPodcast/featuredEpisode Referenceshttps://www.mastercard.com/news/press/2024/september/mastercard-invests-in-continued-defense-of-global-digital-economy-with-acquisition-of-recorded-future/https://b2b.mastercard.com/news-and-insights/blog/ecommerce-fraud-trends-and-statistics-merchants-need-to-know-in-2024/https://www.theinformation.com/briefings/insight-sells-cyber-firm-to-mastercard-for-2-65-billionhttps://www.statista.com/forecasts/1280009/cost-cybercrime-worldwide Hosted on Acast. See acast.com/privacy for more information.

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