It doesn’t take much more than a casual glance at the headlines to get the idea that there’s a lot going on in the area of Internet security these days. Between hacking attacks by the Chinese Army, revelations of overly aggressive snooping by the National Security Agency, or questions about how to make cloud computing secure enough that big companies can trust it, security is top of mind for CIOs and other decision makers more than ever before.
It’s against that backdrop that venture capitalists like Ted Schlein see opportunity. As a general partner at Kleiner Perkins Caufield & Byers, he has led several of the firm’s investments in security companies, and was the founding CEO of Fortify Software, the company that’s now part of Hewlett-Packard.
I caught up with him while he was in New York for a meeting of the board of Chegg, the digital hub for students that recently filed for an IPO.
My first question was the one I always tend to ask at the outset of conversations about security.
AllThingsD: Ted, there’s a lot of interest in security companies lately, but I’m always a little skeptical because over the years, there have been so many companies focused on security that make such broad promises about being the last, best solution. As an investor, how do you see that?
Schlein: Threat vectors change. The natures of threats change, and the bad guys themselves change. And when those things change, the protection mechanisms have to…