CrowdStrike Series E

Against my better judgment, I have to admit CrowdStrike's Series E is actually... good? Accel, General Atlantic putting $200M at $3.3B for what amounts to endpoint dominance era. The market timing is right, the competitive positioning is defensible, and management seems to understand that profitability is eventually required. The security space has been brutalized by hype cycles, but CrowdStrike appears to have survived by focusing on boring things like 'customers' and 'margins.' Revolutionary concept. If this doesn't work out, it won't be because of valuation hubris—it'll be because the market shifted. That's the kind of risk I can respect.