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$900 million?! That's an absolutely insane amount of money. How much of this will go into building the product itself, and how much into converting cash to mark
by adwn 1y ago
$900 million?! That's an absolutely insane amount of money. How much of this will go into building the product itself, and how much into converting cash to marketshare? And they raised $100 million not even 5 months ago. Have they already burned through that pile of money?
I mean, their product is good – I'm using and paying for Cursor – but not fantastic. And there's a lot of competition. And the switching cost is relatively low.
- bananapub 1y agothey are approximately a service for transferring revenue from paying users to Microsoft or Anthropic, with a small software development project alongside - why would that seem like an insane amount of money?
- gsibble 1y agoI'm wondering if some was used to purchase shares of employees and founders.