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Oliver Buchannon
Mike Privette

The cybersecurity economist shares trends and analysis on the business of the security industry.

Newsletter

💰 Security, Funded #232 - Paper Hand Tourist Investors

Feb 23, 2026

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15 min read

💰 Security, Funded #232 - Paper Hand Tourist Investors

Get the world's best cybersecurity market and intelligence insights, including key trends and industry analysis, from the week of February 16th, 2026.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #231 - That's Quite the Return

Feb 17, 2026

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18 min read

💰 Security, Funded #231 - That's Quite the Return

Get the world's best cybersecurity market and intelligence insights, including key trends and industry analysis, from the week of February 9th, 2026.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #230 - The One Vendor to Rule Them All

Feb 9, 2026

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13 min read

💰 Security, Funded #230 - The One Vendor to Rule Them All

Get the world's best cybersecurity market and intelligence insights, including key trends and industry analysis, from the week of February 2nd, 2026.

Mike Privette
Mike Privette

Annual Review

2025 State of the Cybersecurity Market: $25B Funding, $76B M&A, and What's Next

Feb 6, 2026

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47 min read

2025 State of the Cybersecurity Market: $25B Funding, $76B M&A, and What's Next

The cybersecurity market recovered in 2025, but not evenly. Inside: who won, who got acquired, and what 2026 holds for founders, buyers, and investors.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #229 - We Finally Defeated January

Feb 2, 2026

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12 min read

💰 Security, Funded #229 - We Finally Defeated January

Get the world's best cybersecurity market and intelligence insights, including key trends and industry analysis, from the week of January 26th, 2026.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #228 - Even RSA Is Raising Again

Jan 26, 2026

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11 min read

💰 Security, Funded #228 - Even RSA Is Raising Again

Get the world's best cybersecurity market and intelligence insights, including key trends and industry analysis, from the week of January 18th, 2026.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #227 - Nobody Told M&A to Slow Down

Jan 20, 2026

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14 min read

💰 Security, Funded #227 - Nobody Told M&A to Slow Down

Get the world's best cybersecurity market and intelligence insights, including key trends and industry analysis, from the week of January 12th, 2026.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #226 - The Privilege(d) Acquisition

Jan 12, 2026

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12 min read

💰 Security, Funded #226 - The Privilege(d) Acquisition

Get cybersecurity market and intelligence insights, including key trends and industry analysis, from January 1st to January 11th, 2026.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #225 - New Year, Same Money Printer

Jan 5, 2026

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18 min read

💰 Security, Funded #225 - New Year, Same Money Printer

Get cybersecurity market and intelligence insights, including key trends and industry analysis, from December 15th to December 31st, 2025.

Mike Privette
Mike Privette

Entrepreneurship

The 2025 Return on Security Year-End Letter

Dec 30, 2025

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9 min read

The 2025 Return on Security Year-End Letter

Reflecting on 2025 with the Return on Security community, examining key changes, personal growth, and what lies ahead for cybersecurity in 2026.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #224 - Santa Rally Mode Activated 🎅

Dec 15, 2025

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14 min read

💰 Security, Funded #224 - Santa Rally Mode Activated 🎅

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of December 8, 2025.

Mike Privette
Mike Privette

Deep Dive

The Opportunity Cost of Data Privacy

Dec 10, 2025

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16 min read

The Opportunity Cost of Data Privacy

The true cost of data privacy isn't what we pay to protect it. It's what we've lost by building an entire digital economy on surveillance.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #223 - Money Printer Go Brrrr

Dec 8, 2025

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17 min read

💰 Security, Funded #223 - Money Printer Go Brrrr

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of December 1, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #222 - Post-Turkey Funding (PTF)

Dec 1, 2025

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12 min read

💰 Security, Funded #222 - Post-Turkey Funding (PTF)

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of November 24, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #221 - Let Nikesh Cook

Nov 24, 2025

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16 min read

💰 Security, Funded #221 - Let Nikesh Cook

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of November 17, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #220 - When AI Investment Turns People Divestment

Nov 17, 2025

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12 min read

💰 Security, Funded #220 - When AI Investment Turns People Divestment

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of November 10, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #219 - Thirty-Two Billion Reasons

Nov 10, 2025

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17 min read

💰 Security, Funded #219 - Thirty-Two Billion Reasons

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of November 3, 2025.

Mike Privette
Mike Privette

Point of View

The AI Security Absorption Has Begun

Nov 5, 2025

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5 min read

The AI Security Absorption Has Begun

Three years of funding data reveal AI Security represents just 9% of cybersecurity deals and 3% of funding. We're not witnessing a revolution. We're watching absorption into existing security categories, just as cloud security was before it.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #218 - Earnings [Season] Has Entered the Chat

Nov 3, 2025

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14 min read

💰 Security, Funded #218 - Earnings [Season] Has Entered the Chat

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of October 27, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #217 - Running [Smart Beds] On-Prem

Oct 27, 2025

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13 min read

💰 Security, Funded #217 - Running [Smart Beds] On-Prem

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of October 20, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #216 - Straight Outta [Cheltenham]

Oct 20, 2025

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16 min read

💰 Security, Funded #216 - Straight Outta [Cheltenham]

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of October 13, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #215 - There's No Governance in this Dojo

Oct 14, 2025

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13 min read

💰 Security, Funded #215 - There's No Governance in this Dojo

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of October 6, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #214 - Lock In Season

Oct 6, 2025

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15 min read

💰 Security, Funded #214 - Lock In Season

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of September 29, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #213 - Firefighting vs Fire Prevention

Sep 29, 2025

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11 min read

💰 Security, Funded #213 - Firefighting vs Fire Prevention

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of September 22, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #212 - It's the Great Consolidation, Charlie Brown

Sep 22, 2025

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16 min read

💰 Security, Funded #212 - It's the Great Consolidation, Charlie Brown

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of September 15, 2025.

Mike Privette
Mike Privette
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Return on Security

Your weekly 5-minute briefing on the cybersecurity market, providing key trends and analysis. The business of the cyber industry with zero fluff.