New Billionaire: Todd McKinnon’s Cloud Security Company Is Booming As More Americans Work From Home

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New billionaire: Todd McKinnon’s cloud security company is booming as more Americans work from home by Noah_Kirsch

odd McKinnon sits in front of his green screen,

As he navigates his conscience, McKinnon will also have to navigate the fragmented cloud security landscape—Microsoft, Ping, IBM, Oracle—and answer questions about whether Okta merits its sky-high market value. “We believe the valuation may have gotten frothy,” attests Mark Cash, an equity research analyst at Morningstar who is bullish on Okta in the long-run.To McKinnon, Okta’s selling point is simple.

in 1989 to study business instead. From there he earned his master’s in computer science from California Polytechnic State University in 1995, just as the dot-com era was heating up.Salesforce , joined him soon after, and they tinkered on their initial concept: software that would help companies measure the reliability of their cloud-based applications. “Like constant EKG of all these key metrics for your servers,” says Kerrest. But it turned out that no one cared enough about cloud reliability. “[Customers] would say, ‘Yeah, well, that's an interesting problem. But that's problem number four,’” Kerrest recalls. The real issue: companies couldn’t securely manage their users.

 

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