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VCs: The Time to Make Money in Security Has Finally Arrived

Published on February 14, 2011
by Deborah Gage

Thousands of people are descending on San Francisco this week to check out the latest in computer security at the RSA Conference, and among them will be angel investors and venture capitalists looking for their next deal.

Despite years of work by security vendors, companies and the government, our computers are far from secure, and some VCs think security is finally being taken seriously enough that the opportunity to make money has arrived.

“We will be there in force,” said Philip Eliot, a principal with Paladin Capital Group in Washington, D.C. “The arms race between criminals and companies defending their intellectual property shows no signs of abating, and within that is botnet infection in corporate networks…It’s no longer a nuisance–it’s a driver of financial loss for big companies.”

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