Our guest for this episode is Bob Ackerman. Bob started AllegisCyber nearly 20 years ago with the vision to be the first venture firm to focus 100% on cyber security investing. We are experiencing a third downmarket where Bob has been as a dedicated cyber VC—a distinction shared by a select few—and he has helped hundreds of startups navigate these cycles. The geopolitical landscape, threats to civilian critical infrastructure, and heightened government involvement collectively make this market even more different, uncertain, and riddled with risk for the startups and investors new to the cyber domain.