i wonder what the price was. If it was around $20 Bn which OAI could have afforded and okay to ask by Cursor guys, tough decision not to sell here.
You are 25 yo and made $2.5 Bn in 4 years
You are 25 yo and made $2.5 Bn in 4 years
How wise it is to buy Cursor is another question. Current valuation has them at 100x revenue. And I suspect agentic products will be a lot less cash flow positive than traditional SaaS because of the massive cost of all that constant codebase context and stream of code.
They might not even get the full $40 billion
They had raised a Series C investment recently. Historically that puts ownership of founders and employees at around 40%. Could be a lot higher for a hot AI company though.
Given two founders, AI company, Series C, and a $3bn purchase price they could each have netted around $750 million in a good scenario. Less if they cashed out in secondaries in previous rounds (which would have been smart). Fantastic outcome for them, obviously. This is the 0.001% scenario that founders dream about.