Sid Trivedi on the RSA Innovation Sandbox $5 million investment gambit

Episode sponsors: Binarly (https://binarly.io) Binary Risk Hunt (https://risk.binarly.io) In this reboot of the Security Conversations interview series, Foundation Capital partner Sid Trivedi weighs in on major changes to the RSA Innovation Sandbox, the mandatory $5M uncapped SAFE investment for all 10 finalists, and red-flag concerns around discounts and pro-rata rights. Also discussed: controversial pay-for-play dynamics involving CISOs and venture capital firms, ethical implications of CISOs taking advisory positions in startups, and the challenges of investing in seed-stage startups amidst a trend towards platformization. Links:RSA’s Innovation Sandbox: Cybersecurity Startups Must Accept $5 Million InvestmentRSA Innovation Sandbox: $50 Million Annual Investment Program for Top 10 FinalistsRSA Conference - How do SAFEs work?This VC Built A Cybersecurity Unicorn Machine. Then Came A Conflict Of Interest Mess.The Gili Ra’anan model: CISOs and VCs controversySid Trivedi bioFoundation Capital