"Even if something does become ubiquitous, it may still not manifest itself in the creation of the venture-scale security category. API security and browser security are two such examples."
What makes you believe that about browser space? Agreed market is still nascent, but we already saw some exits (Talon - public info suggests it delivered meaningful returns). Moreover, Island seems to be catching some solid tailwinds here too these days.
"Even if something does become ubiquitous, it may still not manifest itself in the creation of the venture-scale security category. API security and browser security are two such examples."
What makes you believe that about browser space? Agreed market is still nascent, but we already saw some exits (Talon - public info suggests it delivered meaningful returns). Moreover, Island seems to be catching some solid tailwinds here too these days.