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Oliver Buchannon
Mike Privette

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

Entrepreneurship

The 2025 Return on Security Year-End Letter

Dec 30, 2025

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8 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

Newsletter

💰 Security, Funded #211 - Two AI Models Walk Into a Bar

Sep 15, 2025

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13 min read

💰 Security, Funded #211 - Two AI Models Walk Into a Bar

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

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #210 - Chasing the Puck

Sep 8, 2025

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13 min read

💰 Security, Funded #210 - Chasing the Puck

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

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #209 - Summer's Over, Time to Lock In

Sep 2, 2025

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11 min read

💰 Security, Funded #209 - Summer's Over, Time to Lock In

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of August 25, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #208 - Summer Siesta Season

Aug 25, 2025

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10 min read

💰 Security, Funded #208 - Summer Siesta Season

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of August 18, 2025.

Mike Privette
Mike Privette

Events

Investors Summit at Black Hat USA 2025

Aug 21, 2025

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6 min read

Investors Summit at Black Hat USA 2025

My reflections from the Innovators & Investors Summit at Black Hat USA in August 2025 in Las Vegas, NV.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #207 - New High Score!

Aug 18, 2025

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9 min read

💰 Security, Funded #207 - New High Score!

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of August 11, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #206 - Cyber Stacked the Deck

Aug 11, 2025

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11 min read

💰 Security, Funded #206 - Cyber Stacked the Deck

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of August 4, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #205 - Back in Black(jack)

Aug 4, 2025

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15 min read

💰 Security, Funded #205 - Back in Black(jack)

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of July 28, 2025.

Mike Privette
Mike Privette

Newsletter

💰 Security, Funded #204 - All Gas No Brakes

Jul 28, 2025

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15 min read

💰 Security, Funded #204 - All Gas No Brakes

Get cybersecurity market and intelligence insights, including key trends and industry analysis, for the week of July 21, 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.